In April 2013, the CFPB published a paper that is white pay day loans and deposit advance services and products, discovering that “both services and products

In April 2013, the CFPB published a paper that is white pay day loans and deposit advance services and products, discovering that “both services and products often leads numerous borrowers as a period of high-cost borrowing over a extensive amount of time.” “This,” the CFPB concluded, “raises significant customer security issues about financial obligation traps.” […]