Wynette Pleas of Oakland, Calif., ended up with hundreds of dollars in overdraft…

Wynette Pleas of Oakland, Calif., ended up with hundreds of dollars in overdraft fees after a payday lender repeatedly tried to collect from her account. Maranda Brooks stands in January outside a payday loans business that she used to frequent. Troubled by consumer complaints and loopholes in state laws, federal regulators are proposing expansive, first-ever rules on payday lenders, aimed at helping cash-strapped borrowers from falling into a cycle of debt.

Source by emillanoah