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A more meaningful measure of default is therefore the share of loan sequences that end in default.
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In addition, the Bureau is concerned that lenders in this market are using their ability to initiate payment withdrawals from consumers' accounts in ways that cause substantial injury to consumers.
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The amount due came to $455 on 03/18/2010.
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DIANE STANDAERT: From the data that weve seen, payday loans disproportionately are concentrated in African-American and Latino communities, and that African-American and Latino borrowers are disproportionately represented among the borrowing population.
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That means that when you apply you may be offered a higher rate based on your credit history.