7 Findings From the ICCED’s Report on Payday Loans

A few weeks ago, we discussed a Consumer Financial Protection Bureau (CFPB) report on payday loans. The CFPB found that 48 percent of borrowers took out more than ten payday loans in a year. Adding to it is a report from the Insight Center for Community Economic Development (ICCED), which was published in March. The ICCED was more concerned about …

7 Findings From the CFPB Report on Payday Loans

The Consumer Financial Protection Bureau (CFPB) has been busy. This time it’s focusing its efforts on transparency in the payday lending market. Payday loans are notorious for driving people to filing Las Vegas bankruptcy due to their sky-high interest rates. So when the CFPB studies them, it’s good to take note. Here are seven findings from the CFPB’s white paper …