Payday lenders made about $49 billion in high-interest loans year that is last. A lot more than forty % of the loans were made on the web.
On today’s show, we go looking for the individuals making these loans and discover a bizarre marketplace that is online individuals individual economic info is purchased and sold. Plus, we speak payday loans Mississippi to state regulators about why it is so difficult to police high interest financing occurring online.
PAM FESSLER, HOST: