For strapped consumers, turning to an online payday lender may seem like a smart move. But the industry is beset with abusive practices, with sky-high interest rates just the tip of the problematic ...

Going online to apply for a payday loan is convenient and confidential – but it’s also risky, according to a report released Thursday by the Pew Charitable Trusts.This first-ever national survey of ...

President Barack Obama announces the nomination of former Ohio Attorney General Richard Cordray as the first director of the Consumer Financial Protection Bureau. Manuel Balce Ceneta/The Associated ...

Online payday lenders often portray themselves as financial-industry pioneers, but like a lot of corners of the Internet, this one has some dirty secrets. If a consumer signs up online for a loan, ...

Payday lenders have opened shop online — and that’s created a new set of problems for borrowers, according to a report from the Consumer Financial Protection Bureau (CFPB). Online lending offers the ...