A guideline protecting payday-loan borrowers survives the Senate’s ax. Nevertheless, you will find better lower-interest options.
A federal guideline designed to guard cash-strapped borrowers through the risks of ultrahigh-interest “payday loans” has survived a death threat—for now. On Wednesday the Senate permitted a window that is 60-day repealing the Payday Lending Rule to expire, effortlessly ending Congress’ energy to destroy it. Read More