Feds introduce new rules for payday loans
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Feds introduce new rules for payday loans
Federal regulators are cracking down on "payday lending," an industry they say amounts to online loan sharking. High-interest loans against your next paycheck have gotten so many people into financial trouble that Facebook and Google are banning ads for them. Jericka Duncan reports.
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The new payday loan law is better, but the hardship remains: Interest rates still high
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Considering getting a payday loan? Former Seahawk Richard Sherman says it's never worth it! Here are three ways to avoid payday loans and their wallet-demolishing interest rates. | Million Stories Media
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