New York Times |
Payday Borrowing's Debt Spiral to Be Curtailed
New York Times Candice Byrd at her home in Bloomington, Ill., on Wednesday. Ms. Byrd took out a $500 payday loan in 2011 that mushroomed into a cycle of loans. Credit Seth Lowe for The New York Times. The payday loan industry, which is vilified for charging ... New Rules To Ban Payday Lending 'Debt Traps' Payday loans face new limits under proposal from US consumer bureau Federal consumer watchdog takes aim at payday lenders with proposed rules |
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