CFPB online pay day loans hit customers with concealed danger
CFPB online pay day loans hit customers with concealed danger
File picture drawn in 2010 shows neon indications illuminating a pay day loan company in Phoenix. (Picture: Ross D. Franklin, AP)
Consumers whom move to online loan providers for payday advances face concealed dangers of high priced banking charges and account closures, based on an analysis that is federal Wednesday.
1 / 2 of the borrowers whom got the high-interest loans online later were hit with on average $185 in bank penalties […]
