Center for Responsible Lending: New Research Report "A Loan Shark in Your Pocket - The Perils of Earned Wage Advance"
October 15, 2024
October 15, 2024
DURHAM, North Carolina, Oct. 15 (TNSres) -- The Center for Responsible Lending issued the following news release:
The Center for Responsible Lending (CRL) today released "A Loan Shark in Your Pocket: The Perils of Earned Wage Advance," a report on the fast-growing market for cash advance apps and how these loans harm consumers. The report features a dataset of transactions showing rates of reborrowing, loan stacking, and overdraft fees experienced by people borrowing from . . .
The Center for Responsible Lending (CRL) today released "A Loan Shark in Your Pocket: The Perils of Earned Wage Advance," a report on the fast-growing market for cash advance apps and how these loans harm consumers. The report features a dataset of transactions showing rates of reborrowing, loan stacking, and overdraft fees experienced by people borrowing from . . .