This joint letter to Congress finalized by leading customer advocacy teams describes the harm from payday loans online, an increasing opportunity for costly lending that is payday.

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This joint letter to Congress finalized by leading customer advocacy teams describes the harm from payday loans online, an increasing opportunity for costly lending that is payday.
Coalition: Financial Reform
These loans are first in line to be repaid ahead of food, rent, or other necessities when these triple-digit loans are made to struggling families since the online lender has electronic access to the borrower’s bank account. […]