Obama Administration May Crack Down on Payday Loan Companies
Jan 16, 2009 : Comments (2)
As banks have been cutting Americans’ credit lines on credit cards and refusing to issue cards to new applicants, more and more Americans have turned to another source of short-term emergency cash: Payday loans. Although the payday lending industry is experiencing a boom now, all of that may change when President-Elect Obama takes office. Continued