Payday loans are high-cost, short-term loans that borrowers typically use to meet financial obligations. These small, short-term loans come with high interest rates and high fees. While payday lenders market their products as quick and easy ways to meet emergency financial needs, the reality is that many consumers find themselvesRead More →

Many unsavory businesses are taking root in the sordid belly of the Internet, including some particularly unscrupulous payday lenders who use high fees and shady methods to empty borrowers’ offline bank accounts. This month, the State Department for Business Oversight took an important step to protect Californians from these predatorsRead More →