Struggling to make ends meet, millions of Americans resort to so-called payday loans whose costly charges can devastate personal finances. For the first time, the US government plans to implement a new rule that could limit the short-term, small-dollar loans that typically are due to be repaid on the borrower's next payday. A proposed regulation is coming within weeks, says the Consumer Financial Protection Bureau, a federal agency created after the 2008 financial crisis that has been working for more than a year on the measure.
By Jim Young and Justin Madden OAK BROOK, Ill. (Reuters) - Hundreds of protesters marched through pouring rain to call for higher wages and union rights at McDonald's Corp on Wednesday, leading the hamburger chain to shut down its headquarters a day before its annual meeting. The marchers are part of a larger U.S. movement for higher pay that, along with an improved economy, has spurred pay rises at companies ranging from Wal-Mart Stores to McDonald's own company-owned restaurants. After the march, many scattered while others set up dozens of small tents on the street in front of the McDonald's building.