Tag Archives: cycles
Recent Changes in Payday Loan Regulations: What Borrowers Need to Know Payday loans, often marketed as short-term solutions for unexpected financial emergencies, have long been a subject of regulatory scrutiny due to their high costs and potential to trap borrowers in cycles of debt
In recent years, both federal and state authorities have implemented significant changes to the rules governing these small-dollar, high-interest loans. This article outlines the key regulatory shifts and their implications for consumers. The Federal Landscape: The CFPB’s Evolving Role The