Blog

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers with debt

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers with debt Sustained Usage Of Loans Raises Consumer Protection Concerns WASHINGTON, D.C. —Today, the customer Financial Protection Bureau (CFPB) issued a study on payday and deposit advance loans discovering that for several customers the products result in a period of indebtedness. Free financing standards,… Read more