BOSTON (CBS) - As most banks look for new sources of revenue, some are turning to a controversial new product: high-interest, ultra-short-term, payday loans. But the banks call them something ...

Critics say “payday lenders” have been preying on the poor by charging annualized percentage rates of 260 percent for the ...

BOSTON (CBS.MW) -- One of the many culture shocks that comes with leaving my home state for travel is the onslaught of payday lending that happens in many parts of the country.

Wizzay Wizzay New York City, NY, May 21, 2025 (GLOBE NEWSWIRE) -- With the world becoming increasingly fast-paced, unexpected bills can crop up at anytime, leaving people in urgent need of cash.

Payday loans are short-term loans, usually for $500 or less, that are meant to be repaid by your next paycheck. You can get a payday loan in person at a storefront lender or online, ...

The Center for Responsible Lending (CRL) estimates that in 30 states where payday loans are allowed, more than $2.2 billion is paid each year by borrowers who earn an average of $25,000 annually.

Rhode Island legislation to repeal the payday lending law, allowing annualized interest rates of 260%, is progressing in the ...

The U.S. wants to crack down on payday loans. Here’s what you need to know. The Consumer Financial Protection Bureau is trying to get back in the game to curb predatory lending, while some ...

The payday loan industry has been, and will likely continue to be, under scrutiny. New protections against lender auto withdrawals as part of CFPB regulations are scheduled to take effect in March ...