On line lending that is payday get to be the crazy West of customer finance, replete with fraud, threats and unauthorized account withdrawals.
ThatвЂ™s the image painted by a report released on by the Pew Charitable Trusts thursday. The report uses present actions by federal regulators against fraudulent lenders that are online.
Payday advances are often tiny, short-term, high-interest loans produced in advance of a paycheck. Continue reading “Consumers Warned About Pitfalls of Online Pay Day Loans”