In three months, Izetta Ferguson paid $1,100 toward her $1,500 loan. The balance? $1,457. How high-interest lenders are targeting consumers in need of cash during the coronavirus pandemic.
They sidestepped state crackdowns by joining with out-of-state banks to offer loans and now are bypassing ad bans put in place by Google, which calls their offerings “dangerous financial products,” and Facebook Inc.
, a Wall Street Journal investigation found.Brasil Últimas Notícias, Brasil Manchetes
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