More than a quarter of Americans used a credit card to buy groceries last year and did not pay off the balance when it was due.

Some experts back the idea for certain high-interest loans. But it likely wouldn’t put off desperate short-term borrowers.

Voters overwhelmingly approved limiting annual interest on small-dollar loans to 36%.

Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans

Still in its pilot phase, Onward promotes saving in small increments with a view to building a nest egg and eventually creating credit.

Lenders would have to check a borrower’s ability to repay a loan but there are lots of loopholes protecting the loan business.

Income volatility is increasingly driving low- and middle-income Americans to check cashers and payday lenders.

Last May, Louisiana made financial literacy a mandatory topic in state public schools.

CFPB rules target payday, auto title, and high-interest installment loans.