Why we should rein in payday lenders

The debt trap. Millions of Americans are caught up in it. It's easy to get in debt and often very hard to get out. This is especially true if you live on the edge of poverty. People on the edge of poverty have very little room for an unexpected expense. So, what do they do when one inevitably occurs? Many turn to payday lenders. And in doing so, they often make their poverty worse. Read more