“Caught inside a trap”: Virginians explain payday loans to their experiences, urging feds to modify
Feeling misled, scammed and eventually threatened by high-interest price car and payday name lenders, Virginians tend to be pleading with national regulators not to ever rescind a recommended groundbreaking guideline to rein in abuse.
Tales from almost 100, attached with a Virginia Poverty Law Center page asking the buyer Finance coverage Bureau never to gut the guideline, stated these interest that is triple-digit loans leave them trapped in some sort of financial obligation...