Payday loans end up being very costly for families, particularly minorities and those of low income, writes Raul Arce-Contreras. A Dollarwise payday loan store is seen in Kent, WA. Payday loans ...

Payday loans provide short-term cash, but they come at a high expense. There are other ways to meet your financial needs.

The latest is Cash Store, a “payday loan alternative” chain that has classified its more than 100 locations in Illinois, Michigan, New Mexico, and Wisconsin as essential businesses.

Lorenzo says it’s crazy because since 2022, he has had several loans from the store and in Florida, you can only have one payday loan at the same time.

Payday Loan Interest Rates Capped at 36 PercentA new federal law bans predatory lenders from taking advantage of military personnel and their families.

Such "payday loans" with exorbitant interest rates -- 600 percent in Sanson's case -- are illegal in Georgia, where state officials touted a crackdown on lenders who preyed on the poor. But ...

For years, payday lenders have defended their business model, including their 400 percent interest loans. Now, the industry wants access to taxpayer-funded small-business loans at a 1 percent ...

The Indiana House approved a measure that would allow payday lenders to loan up to $5,000 at rates as high as 149%.