How to Protect Against the Debt Trap

This past summer, the Consumer Financial Protection Bureau (CFPB) relaxed regulations on predatory payday loans and other high-interest-rate lending. A surprising move during a global pandemic recession, this ruling further endangers the financial health of some of America’s most vulnerable communities. Until these protections are restored, payday alternative loans (PAL) and other small dollar loans […]
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Why Small Dollar Lending During COVID-19?

Near the beginning of 2020, the first cases of COVID-19 hit the United States, eventually bringing with them not only the most deadly pandemic since the H1N1 pandemic of 1918 (the “Spanish Flu”), but also the deepest economic recession since the Great Depression. Our country has been hit with the twin terrors of a deadly […]
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