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Curated Video
Feds Propose Rules on Payday Loan 'Debt Traps'
New rules being announced by the Consumer Financial Protection Bureau are aimed at what federal regulators say are "debt traps" for consumers who turn to payday lenders and other providers of high-interest loans. The CFPB's proposed...
Khan Academy
Khan Academy: Interest on Credit Cards and Loans: Payday Loans
Explains how getting a loan in advance of a payday works.
Khan Academy
Khan Academy: Payday Loans
Payday loans, which are sometimes called cash advances, are a form of unsecured short-term loans that are typically associated with very high interest rates. In this video [10:46] we explore an example of a payday loan and use that to...