Payday loans in the United States: Latest News, Top Stories & Analysis

Study Reveals Hidden Financial Risks of ‘Buy Now, Pay Later’ Products

March 5, 2023March 4, 2023 - by MyChesCo

The Consumer Financial Protection Bureau (CFPB) published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers. While many Buy Now, Pay Later borrowers use the product …

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CFPB Finds Payday Borrowers Continue to Pay Significant Rollover Fees Despite State-Level Protections

April 11, 2022April 11, 2022 - by MyChesCo

WASHINGTON, D.C. — A report recently published by the Consumer Financial Protection Bureau (CFPB) shows few payday loan borrowers are benefiting from no-cost extended payment plans, which are required to …