The Consumer Financial Protection Bureau (CFPB) just repealed a set of rules and regulations that were put in place to protect payday loan borrowers
Category: Payday Loans
Payday loans are an expensive type of short term loan which carry high APR’s and fees. Illegal in many states, the interest rates often exceed 680% APR. Learn more about payday loans at Goloans by reading our payday loan guides and articles below.
Payday Loans: The Ultimate Guide on Laws, Rates and Alternative Loan Solutions
Online Payday Loans: Here Are the Laws, Current Rates, and the Best Alternatives to Payday Loans. See Which Bad Credit Loan You Qualify For.
Payday Lending Under Pressure from New Bill
On May 9th, 2019, The Hill released an article that highlights a bill that was presented by Representative Alexandria Ocasio-Cortez of New York and Senator Bernie Sanders of Vermont, aiming to put a cap on interest rates for consumer loans at 15%.