Following a report on the subject in the spring, the CFPB has begun receiving consumer complaints about payday lending. “We’ve heard from people who like the ease of obtaining a payday loan when they need to avoid paying their bills late,” said CFPB Chief of Staff Scott Pluta. “Many other people have raised concerns about the high cost of payday loans, not being able to repay the payday loan while still having enough money left for other expenses, and the debt collection practices they encounter if they can’t repay the loan.” Consumers...