We call them financial obligation traps for a explanation: Payday financing has very very very long resulted in schemes that literally trap consumers in consecutive loans with obscenely high interest levels.
Started on staff: 2015B.A., University of Texas at Austin
Mike directs U.S. PIRGвЂ™s national campaign to protect customers on Wall Street plus in the monetary market by protecting the buyer Financial Protection Bureau. Mike also works well with more powerful privacy defenses and accountability that is corporate the wake associated with the Equifax information breachвЂ”which has gained him extensive nationwide news protection in a number of outlets. Mike everyday lives in Washington, D.C.
Payday financing has very long generated schemes that literally trap consumers in consecutive loans with obscenely interest that is high.Continue reading