Why voters are now being expected to cap rates of interest on payday advances

Why voters are now being expected to cap rates of interest on payday advances Colorado voters will decide Proposition 111, a measure that could cap the total amount of interest and charges charged because of the pay day loan industry. (Picture: AP) The best community is key to our democracy. And then we want you […]

CFPB Finalizes Rule To Quit Payday Debt Traps

CFPB Finalizes Rule To Quit Payday Debt Traps Lenders Must Determine If Consumers Have the capacity to Repay Loans That Require All or the majority of the financial obligation become Paid right back at a time WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is directed at stopping debt […]