Payday Loan Rules Would Help Low-Income Families Prevent $8 Billion in Costs

Payday Loan Rules Would Help Low-Income Families Prevent $8 Billion in Costs

In 2007, then-Professor Elizabeth Warren reminded us that “it is impractical to purchase a toaster which has had a one-in-five potential for bursting into flames and burning straight down your house.” But {as she noted, it is possible to purchase.

Today, the buyer Financial Protection Bureau (CFPB) released new regulations to assist simply take these harmful financial loans off the rack.