Limiting access to payday loans may do more harm than good
- Written by The Conversation Contributor
Is the end nigh?Payday loans via www.shutterstock.comOne of the few lending options available to the poor may soon evaporate if a new rule proposed June 2 goes into effect.
The Consumer Financial Protection Bureau (CFPB) announced the rule with the aim of eliminating what it called “debt traps” caused by the US$38.5 billion payday loan...
Read more: Limiting access to payday loans may do more harm than good





