A woman enters an All American Check Cashing location in Brandon, Miss., in May. The Consumer Financial Protection Bureau has proposed new rules to crack down on such lenders.
Rogelio V. Solis/AP
Gordon Martinez (left), leader of the group Faith in Texas and payday loan borrower, marches before a Consumer Financial Protection Bureau field hearing in Kansas City, Mo., on June 2.
Wes Helm/Faith In Texas
Maranda Brooks stands in January outside a payday loans business that she used to frequent. Troubled by consumer complaints and loopholes in state laws, federal regulators are proposing expansive, first-ever rules on payday lenders, aimed at helping cash-strapped borrowers from falling into a cycle of debt.