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Massachusetts

A watchdog group targets payday lenders with a ‘2 strikes’ rule to help borrowers

The Consumer Financial Protection Bureau is set to move ahead with a long-stalled rule to protect borrowers from repeated attempts to collect loan payments from bank accounts with insufficient funds.

By: NPR
  • Jun 29 2024
  • 53
  • 4113 Views
A watchdog group targets payday lenders with a ‘2 strikes’ rule to help borrowers
A watchdog group targets payda
When Jessica Vega landed her first job out of college as a case manager for a nonprofit organization, money was tight. But she was excited to move out of her mothers house and into an apartment of he… [+6778 chars]

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