Payday Lenders

High-interest loans are predatory whether you get them at a corner store or in an app.

New rules put forward by the Consumer Financial Protection Bureau would have a major impact on the high-cost loan industry. But if history is any guide, lenders will quickly find some loopholes.

With skyrocketing annual interest rates on payday loans, borrowers often don’t have enough money left over to cover rent and groceries.

They seem to go hand in hand, but it's unclear which comes first.

What lessons can we take from Washington?

In state after state that has tried to ban payday and similar loans, the industry has found ways to continue to peddle them.