Several states have set caps on payday loan fees and thats good news for people who need this type of short term financial assistance. These caps limit the amounts that payday loan originators can charge for such loans, also known as direct deposit cash advances. Though several states have set caps on payday loan fees, many have not taken this steps. Here are a few reasons why you should care.
The way it used to be
Before states began setting caps on payday loan fees, …