
Hot Air: How the CFPB’s Payday Loan Report Overstates the Facts
The finding that half of online borrowers are charged an average of $185 in bank penalties has been widely touted. But what that disregards is the fact that half of online borrowers did not experience a single bounced payment during the 18-month study. There are issues with the other two major findings touted by the CFPB, too. [4/25/16]