What’s the alternative to payday loans?

What’s the alternative to payday loans?

There are more payday lending storefronts in the United States than Starbucks and McDonald’s combined. Lenders loan to about 10 million people every year — an $89 billion industry. The “free cash now!” ads on talk radio and daytime television are incessant. Earlier...
Payday loan rules are a threat to Americans

Payday loan rules are a threat to Americans

The Consumer Financial Protection Bureau’s restrictive short-term lending proposals [Editorial: Obama delivers wake-up call to payday lenders, June 8] are a direct threat to millions of Americans’ access to affordable credit and fail to consider the perspective of...