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Borrowing a relatively small amount of money say 300 until they get paid in two weeks sounds reasonable. But most people cant pay back the loan on time. Thats the reason four out of five payday loans are renewed within two weeks taking out a median of ten loans a year. Half take out more, half less. Moreover payday loans put the borrower into an endless cycle of fees, that exceed the limit and that is unnecessary. Pew trust Research Says if payday loans were unavailable they would cut back on expenses. Others would delay paying some bills rely on friends and family or sell some possessions. Al...

America is tighting a powerful financial playing plague that traps dangerous cycle of debt. Im talking about payday loans peddled to companies of low and middle income americans at a rate that would make people blush. Federal regulators are finally waking up to the fact of bay payday lenders, thanks to evasive tactics and powerful lobbyists. But more must be done to the situation that maximize of usury. And not to torture the religious metaphor but the devil here is in the details because on the surface the idea of someone borrowing a relatively small amount of money, say 300 until they get pa...

America is tighting a powerful financial playing plague that traps dangerous cycle of debt. Im talking about payday loans peddled to companies of low and middle income americans at a rate that would make people blush. Federal regulators are finally waking up to the fact of bay payday lenders, thanks to evasive tactics and powerful lobbyists. But more must be done to the situation that maximize of usury. And not to torture the religious metaphor but the devil here is in the details because on the surface the idea of someone borrowing a relatively small amount of money, say 300 until they get pa...

22 states raised their state's minimum wage on January 1st, and Louisiana could've been one of them. We have all the details.

22 states raised their state's minimum wage on January 1st, and Louisiana could've been one of them. We have all the details.