Efrain Betancourt Jr. ran a payday loan business in Miami that prosecutors say operated like a “Ponzi scheme.” ...

On the 120th and last day of Alaska’s annual legislative session, the state House passed a bill that would curb high interest rates and fees for payday loans of $25,000 or less.

Fourteen years ago, before buy-now-pay-later apps, before CashApp was mainstream, and when half of Americans still got paid ...