Market Watch ‘Added suffering for families’: Spending on loan interest and fees soared in 2022 Low-income people and people of color in the U.S. shoulder the biggest burden when it comes to interest and fees on loans, with many using…breakingnow_w51jcqJune 21, 2023
Market Watch A lender can charge you a 305% interest rate — depending on where you live. Here’s what to know about usury laws in the U.S. Depending on where you live, you could get a small loan with an annual percentage rate of 36%, 300% or 600%.Why the staggering difference? Many…breakingnow_w51jcqJune 12, 2023
Market Watch ‘The biggest threat to payday lenders’: A growing list of big banks offer small-dollar loans Wells Fargo, which operates more than 4,700 branches throughout the U.S., has rolled out a small-dollar loan program that offers instant, automated loans received in…breakingnow_w51jcqDecember 19, 2022