20 million predatory loans drained over $2.4 billion from consumers

CRL update documents surge in online lending despite state reforms By Charlene Crowell New research from the Center for Responsible Lending (CRL) finds that in just one year – 2022 – cash-strapped borrowers took out over 20 million predatory loans totaling nearly $8.6 billion. The triple-digit annual percentage rates (APRs) and high costs attached to […] The post 20 million predatory loans drained over $2.4 billion from consumers appeared first on North Dallas Gazette.