National Association of State Budget Officers

October 6, 2017

New rule released to combat payday loans

The federal consumer watchdog agency finalized long-awaited rules Thursday aimed at reining in predatory payday lenders that provide short-term, high-interest loans to the financially vulnerable.

Number of the Day

Number of the Day 9.5 million:  Number of additional children who would be living in poverty if the poverty rate had remained unchanged since 1967. (Source: CBPP)