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New warnings issued about payday loans

A report by a federal watchdog has found that about half of all payday loans are made to people who extend the loans so many times they end up paying more in fees than the original amount they borrowed.

http://www.wusa9.com/video/3388381384001/1/New-warnings-issued-about-payday-loans http://download.gannett.edgesuite.net/wusa/brightcove/29906171001/201403/2821/29906171001_3388488655001_file-17167414-30ab72d756d9bfd28053084c930ff40b.jpg?pubId=29906171001 New warnings issued about payday loans A report by a federal watchdog has found that about half of all payday loans are made to people who extend the loans so many times they end up paying more in fees than the original amount they borrowed. nationalmoneylocalNewsconsumerpersonal financeWUSA 00:33

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