We are in need of the CFPB’s Rule to end Cash Advance Debt Traps. A company model really should not be centered on profiting from clients’ misery.

We are in need of the CFPB’s Rule to end Cash Advance Debt Traps. A company model really should not be centered on profiting from clients’ misery.

A small business model really should not be centered on profiting from clients’ misery. Yet payday and car-title loans are made to trap borrowers in a period of re-borrowing and financial obligation, frequently recharging rates of interest of greater than 300 %. Read more