In an unusual announcement, the Consumer Financial Protection Bureau (CFPB) says it is backing off enforcement of rules for ...

The Consumer Financial Protection Bureau won’t enforce restrictions on payday lending that were finalized during the first ...

After eight years of delay, the Consumer Financial Protection Bureau could still make last-minute changes to the payday rule, ...

It might be time to go back to a simpler approach, when one set of rules applied to all consumer credit products.

If you take on a payday loan and can’t repay it, you can end up owing more than you originally borrowed. Eventually, that can lead to a cycle of debt that’s difficult to recover from.

Either of these loans isn't great for your finances. "Payday loans can get you into a cycle of taking out a new loan to pay off the old loan, and the interest rates are very high," says Amy Lins ...

Either of these loans isn’t great for your finances. “Payday loans can get you into a cycle of taking out a new loan to pay off the old loan, and the interest rates are very high,” says Amy Lins, vice ...