Zack Fenech is a professional finance writer from Toronto. He is passionate about demystifying complex finance topics and making them digestible and easy to follow for the average Canadian. Zack has ...

Last week, the Consumer Financial Protection Bureau (CFPB) announced that its so-called “Payday, Vehicle Title and Certain High-Cost Installment Loans” rule (Rule) will go into effect on March 30, ...

WASHINGTON, D.C. -- Payday lenders, facing a clampdown by regulators who object to their high interest rates and practices that trap low-income consumers in debt, are fighting back by having borrowers ...

A federal agency on Thursday imposed tough new restrictions on the payday-lending industry, which churns out billions of dollars a year in high-interest loans to working-class and poor Americans. The ...

Payday loans typically are short-term and $500 or less. They generally use a post-dated check as collateral, with interest of 15 percent per transaction. Let's say Ann wants $200. She'll write a check ...

A payday loan business. AP file photo. JEFFERSON CITY • A battle looms over how much lenders can charge for payday loans in Missouri — and it promises to be an expensive one. JEFFERSION CITY • Six out ...