payday loans

Bernie Sanders Says Payday Loans Average 574% in an Annual Rate

Vermont senator Bernie Sanders and U.S. Rep. Alexandria Ocasio-Cortez introduced legislation this May 2019 that would cap both rates at 15%. Payday loans are small-dollar advances designed to provide emergency funds, and typically require payment in full on the borrower’s next payday. Some say that these types of cash advances take unfair advantage of those […]

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