Federal regulators aim to suppress payday financing. Payday financing is generally looked at as an exploitive, misleading industry that traps hopeless borrowers in rounds of debt that will endure for months.

Federal regulators aim to suppress payday financing. Payday financing is generally looked at as an exploitive, misleading industry that traps hopeless borrowers in rounds of debt that will endure for months. NY – Federal regulators proposed a clampdown on payday...