Payday Loans’ Potentially Predatory Substitution. Dangerous, high-cost financing is not going away any time in the future.
Payday Loans’ Potentially Predatory Substitution. Dangerous, high-cost financing is not going away any time in the future. As loan providers respond to impending laws by pushing various services and products, numerous fear that borrowers won’t be protected. Elaine Thompson / AP Although some have actually heralded the customer Financial Protection Bureau’s long-awaited payday-lending laws as