Breaking The Cycle Of Debt: Why the Payday is needed by us Lending Rule

Breaking The Cycle Of Debt: Why the Payday is needed by us Lending Rule

We call them financial obligation traps for the reason: Payday financing has very long resulted in schemes that literally trap consumers in consecutive loans with obscenely interest that is high.

Started on staff: 2015B.A., University of Texas at Austin

Mike directs U.S. PIRG’s campaign that is national protect consumers on Wall Street plus in the economic market by protecting the customer Financial Protection Bureau. Mike additionally works for more powerful privacy defenses and accountability that is corporate the wake for the Equifax information breach—which has gained him extensive nationwide news protection in many different outlets. Mike everyday lives in Washington, D.C.

Payday financing has long generated schemes that literally trap consumers in consecutive loans with obscenely high interest levels. (more…)

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