Capital One stopped the payment and negotiated with the payday lender to return the money.
Let's take a closer look at the fees charged by payday lenders.
As payday lenders have gained ground, federal efforts to protect military people from high interest rates have had little success.
Even military people who avoid the triple-digit payday lenders are not necessarily home free.
The payday lenders say they are providing a vital service.
Now people go to the city's new payday lenders.
The payday lenders here approve most loans within 10 minutes.
The biggest concern must be that payday lenders are only lightly regulated.
The profit incentive for payday lenders is to lend to people who can pay you both the interest and the original amount.
The prevailing concern is that payday lenders are only lightly regulated.