The minimally regulated, fast growing payday lending industry strips Americans of billions annually. It's time for the new Consumer Financial Protection Bureau to implement regulations to curb predatory lending so that a $400 loan doesn't put a borrower thousands of dollars in debt.
The Consumer Finance Protection Bureau, launched in July, gives Americans a new ally in dealing with credit card and other financial companies. But just how far will the agency go in handling individual cases?
Job search efforts by many Americans could be hindered if Congress doesn't extend unemployment benefits into the fall, as one Ohio woman is discovering.