Payday loans

A federal law is supposed to protect service members from predatory lending. But lenders exploit loopholes, trapping military personnel in high-interest debt.

World Finance, a billion-dollar company, peddles installment loans, a product that often drives borrowers into a similar quagmire of debt.

High interest payday loans are seen by critics as a fast track to endless cycles of debt for borrowers -- and there's a new breed of payday loan to watch out for.

Payday lenders circumvented state laws by moving online, and in the process big banks became enablers (and potentially profited) from payday lending. Now Chase is making changes to protect its customers from payday lenders. Will other banks follow?

Last week on Marketplace, a payday loan lender defended his industry, saying as long as customers did the math, he wasn't doing anything wrong. Commentator Helaine Olen begs to differ.

A payday lender from Kansas City, Missouri, says his business is fair, just do the math.

New Pew report finds that payday borrowers feel both relief -- and that they are being taken advantage of.

Critics of payday lending say the industry is ripe for abuse and should be tightly controlled. Commentator Tom Lehman says the practice can actually be helpful, for individuals and the financial system as a whole.

Commentator Mark Laws found himself on a "rat wheel" trying to pay off a loan to attend his mother's funeral.

Mayday, as in the international distress signal. It is from the French "M'Aider!" or "Help Me!" Payday, as in so-called payday loans, where a lo...