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CFPB Finds Four Away Of Five Pay Day Loans Are Rolled Over Or Renewed Studies have shown almost all of payday advances are created to Borrowers Caught in a Revolving Door of financial obligation WASHINGTON, D.C. — Today, the customer Financial Protection Bureau (CFPB) issued a study on payday lending...
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Profiting from recession, payday loan providers invest big to battle legislation Industry actions up lobbying as Senate grapples with economic reform Introduction The influential $42 billion-a-year lending that is payday, thriving from the rise in crisis loans to individuals struggling through the recession, is pouring record sums into lobbying, campaign efforts, and...