The Consumer Financial Protection Bureau (CFPB) has issued a report on payday and deposit advance loans finding that, for many consumers, these products lead to a cycle of indebtedness. Loose lending ...

Consumer advocates call them "debt" traps. The banks that offer them call them direct-deposit advances and describe them as available funds for short-term emergencies. But the cash advances have many ...

A payday loan is a short-term, high-cost loan meant to be repaid on your next payday. Payday loans are easily available if you’re 18 or older, have a valid ID, a bank account and proof of income.