New CRL Report Reveals Large Hidden Costs of Earned Wage Advance Apps
April 04, 2024
April 04, 2024
DURHAM, North Carolina, April 4 (TNSres) -- The Center for Responsible Lending issued the following news release:
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Consumers experienced a 56% increase in checking account overdrafts after using an advance product
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Today, the Center for Responsible Lending (CRL) released a report with new data showing that consumers who took out small loans using cash advance apps paid triple-digit annual interest rates, experienced high levels of rep . . .
* * *
Consumers experienced a 56% increase in checking account overdrafts after using an advance product
* * *
Today, the Center for Responsible Lending (CRL) released a report with new data showing that consumers who took out small loans using cash advance apps paid triple-digit annual interest rates, experienced high levels of rep . . .