Pay Day Loans — And Endless Cycles Of Debt — Targeted By Federal Watchdog

Pay Day Loans — And Endless Cycles Of Debt — Targeted By Federal Watchdog

Payday Advances — And Endless Cycles Of Debt — Targeted By Federal Watchdog

Maranda Brooks stands in January outside a payday advances company that she used to constant. Troubled by customer complaints and loopholes in state guidelines, federal regulators are proposing expansive, first-ever guidelines on payday lenders, geared towards assisting cash-strapped borrowers from dropping in to a period of financial obligation. Tony Dejak/AP hide caption

Maranda Brooks appears in January outside a pay day loans company that she used to frequent.