COVID-19 Financial Warning: Consumers and Banks Should Stay Away from Payday Loans
By Charlene Crowell,
NNPA Newswire Contributor
For the foreseeable future, ‘normal’ life will be indefinitely suspended due to the global pandemic known as the coronavirus.
Record-breaking employment layoffs in the month of March resulted in the Department of Labor reporting that 10.4 million consumers lost their jobs and filed for unemployment compensation. As medical experts continue to track the virus, the New York Times reported at least 214,461 known infections and at least 4,800 related deaths.