🖤 Donations of all sizes power our public service journalism Give Now

Could financial warning labels help borrowers avoid risky loans?

May 29, 2023
Some experts back the idea for certain high-interest loans. But it likely wouldn't put off desperate short-term borrowers.
A man exits a payday loan store in London. Some experts say a warning label for certain high-interest loans could be beneficial.
Dan Kitwood/Getty Images