Cracking down on payday loans

1,310 views · Published 9 February 2015 · 1:43 · Indexed 1 October 2026

Channel: CNN Business · 2015 · News & Politics

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Payday loans offer fast cash at high interest rates. Now the government is stepping in, trying to stop high fees that often spiral out of control. Cristina Alesci breaks down who the borrowers are, and just how much those fees add up.

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