The Consumer Financial Protection Bureau issued new regulations today aimed at ending the recurring cycle of debt from payday loans .
Within the past 5 years, 42% of millennials have used alternative financial services like payday loans, pawnshops, car title loans, tax refund advances or rent-to-own products.
An indirect auto finance company and its car title subsidiary are in trouble with the feds for illegal debt collection tactics.
The FTC has again cracked down on car dealers and businesses associated with financing or leasing a car, resulting in six new cases.
The CFA revealed that service personnel are vulnerable to abusive lending practices.