Predatory Loans Siphon $2.4 Billion from 20 Million Consumers

New CRL findings reveal a rise in online lending, with cash-strapped borrowers taking over 20 million predatory loans in 2022. These loans, totaling $8.6 billion, come with exorbitant triple-digit APRs, burdening consumers with high costs. The post 20 million predatory loans drained over $2.4 billion from consumers appeared first on North Dallas Gazette.