The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt Sustained Usage Of Loans Raises Consumer Protection Concerns WASHINGTON, D.C. —Today, the customer Financial Protection Bureau (CFPB) issued a study on payday and deposit advance loans discovering that for several consumers these items result in a period of indebtedness. Free lending standards, … Continue reading The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt