Regulating Payday Loans: What Changes are on the Horizon?

2022-08-01T10:53:21-04:00

Photo credit: iStock.com/relif Payday loans, also known as cash advance loans or check advance loans, are a form of short-term borrowing where high-interest credit is extended by a lender based on one’s income. Typically, the loan’s principal is a portion of one’s next paycheck. However, each state has regulations that limit the cost of small [...]