Catholic News Service: Payday lending a top obstacle to financial independence for the poor
NEWS BRIEFS Feb-13-2015 By Catholic News Service U.S. WASHINGTON (CNS) — You’ve seen the ads that boast of zero percent interest on new-car loans? Well, how would you like to pay back a loan that has 400 percent interest? That’s what’s happening today in the payday lending industry. The federal Consumer Financial Protection Bureau is…