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Editorial: Payday loans are sinkholes for wallets – Savannah Morning News

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Editorial: Payday loans are sinkholes for wallets
Savannah Morning News
The Consumer Financial Protection Bureau, a federal watchdog group, reported last week that about half of all payday loans are made to people who extend the loans so many times they end up paying more in fees than the original amount they borrowed.
Feds need to crack down on trap of payday loansHeraldNet
Pain persists with payday loansCharleston Post Courier
How millions risk falling into the debt trap of 400% annual interest rate loansYahoo Finance (blog)
New York Times
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