US: Keep Strong Controls on Payday Lending

Expand This ACE Cash Express outlet on San Mateo Boulevard in Albuquerque, New Mexico sits on a block with several small loan storefronts. The lenders who advance people money on their paychecks charge exorbitant interest rates that often snare the most vulnerable customers in a cycle of debt. © 2015 Vik Jolly/AP Photo (Washington, DC) – The Consumer Financial Protection Bureau should not rescind any part of the national rule governing payday, vehicle title, and certain high-cost installment loans, Human Rights Watch said yesterday in a letter to Kathy Kraninger, the agency’s director. In…

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