We call them financial obligation traps for a explanation: Payday financing has very very long generated schemes that literally trap consumers in consecutive loans with obscenely high interest levels.
Mike directs U.S. PIRG’s campaign that is national protect customers on Wall Street plus in the economic market by protecting the buyer Financial Protection Bureau. Mike additionally works for more powerful privacy defenses and business accountability in the wake for the Equifax information breach—which has made him extensive nationwide news protection in a number of outlets. Continue reading “Why We Want The Payday Lending Rule”