The People Are Speaking: Reform Payday Lending!
A recent set of reports from the well-known Pew Charitable Trusts indicates Americans have growing concerns about the payday
lending industry and its uprightness (if that is even a word). In essence, there is a desire for reform and further regulation of payday lending. Nobody can really deny that payday lending fulfills a void in the current lending market but it is also implausible to deny that payday lending is without issues.
Rogue payday lending can lead to repeated loans, illegally high interest rates, wrongful repossession of personal property, lawsuits, and other problems. If you believe you have been affected by an illegal payday loan contact a consumer lawyer for a consultation.