Payday Loan Borrower Complaints: Insights and Solutions Offered
Key Insights Concerns: Borrowers often express dissatisfaction due to high interest rates and hidden fees. Impact: Payday loans can lead to a cycle of debt, severely affecting borrowers’ financial stability. Regulation: The Consumer Financial Protection Bureau (CFPB) oversees lending practices to protect consumers. Demographics: Lower-income individuals and minority communities are disproportionately affected by payday lending […]