payday loans

<p></p>
<p>This week, the The Consumer Financial Protection Bureau (CFPB) set forth a new ruling, which aims to prevent predatory payday loans from ensnaring people unable to repay their loans.</p>
<p>Lenders must now determine upfront if customers are able to repay their loans since people trapped in loans often times have expensive penalties for refinancing debt and other fees on top of high interest.</p>