In desperate times, it might be tempting to visit a payday lender, but beware! These loans are engineered to keep you trapped in debt for years!

Kansas City part 3/7: The video discusses the issue of payday lending and its impact on low-income communities in Kansas City, Missouri. It highlights the efforts of a faith-based community organizing network to gather signatures for a...

Tony Irwin of Canadian Consumer Finance Association on Hamilton's potential new law

These high-cost loans are marketed to people struggling with bad credit and big debts, who often can’t pay, Aaron Saltzman reports

Mark Satov, strategy advisor, Satov Consultants, on some of the day's top stories

Business insolvencies jumped 41 per cent in 2023, compared to 2022, as pandemic debt and high interest rates collided. Consumer insolvencies are also up, by 23 per cent.

Pressure is mounting on the federal government to cap interest rates on payday money lenders, which can charge nearly 50 per cent interest. Advocates say it’s often the most financially vulnerable using them and the pandemic economy has...

Many people in Atlantic Canada are starting the new year just $200 or less away from not being able to pay their bills, according to the latest consumer debt index survey. CBC News: Compass host Louise Martin speaks with Tara Silliker, a...

Darrin Williams, Southern Bancorp CEO discusses the repercussions felt by community banks from the banking crisis. He speaks with David Westin and Romaine Bostick on "Wall Street Week Daily."



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Pull Focus Shot, loan shop signage on shop front window. Payday loan stores are to face tougher regulations after moves proposed by the Financial Conduct Authority (FCA) call on more responsible lending. (Footage by: Dan Kitwood/Getty...

Pull Focus Shot, loan shop signage on shop front window. Payday loan stores are to face tougher regulations after moves proposed by the Financial Conduct Authority (FCA) call on more responsible lending. (Footage by: Dan Kitwood/Getty...

Mid Shot, short term loan advert. Payday loan stores are to face tougher regulations after moves proposed by the Financial Conduct Authority (FCA) call on more responsible lending. (Footage by: Dan Kitwood/Getty Images)

Close Up, loan shop signage on shop front window. Payday loan stores are to face tougher regulations after moves proposed by the Financial Conduct Authority (FCA) call on more responsible lending. (Footage by: Dan Kitwood/Getty Images)

Long Shot, cash loans shop in Brixton, London. Payday loan stores are to face tougher regulations after moves proposed by the Financial Conduct Authority (FCA) call on more responsible lending. (Footage by: Dan Kitwood/Getty Images)

Long Shot, cash loans shop in Brixton, London. Payday loan stores are to face tougher regulations after moves proposed by the Financial Conduct Authority (FCA) call on more responsible lending. (Footage by: Dan Kitwood/Getty Images)

Long Shot, cash loans shop in Brixton, London. Payday loan stores are to face tougher regulations after moves proposed by the Financial Conduct Authority (FCA) call on more responsible lending. (Footage by: Dan Kitwood/Getty Images)

Payday Loans Advertising Signs

Long Shot, cash loans shop in Brixton, London. Payday loan stores are to face tougher regulations after moves proposed by the Financial Conduct Authority (FCA) call on more responsible lending. (Footage by: Dan Kitwood/Getty Images)

McKellar Pawn and Loan shop in Dillon SC

FOR CLEAN VERSION SEE STORY NUMBER: apus056771New 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...

People Struggling with Housing Payments

Half of population struggling with finances

Payday Loan Interest To Be Capped From Jananuary

Dillon main street and railroad crossing