Payday Advances And Endless Cycles Of Debt Targeted By Federal Watchdog For an incredible number of cash-strapped customers, short-term loans provide way to cover acquisitions or needs that are pressing. However these deals, typically called pay day loans, additionally pack triple-digit interest rates — and critics state that borrowers often wind up trapped in a period of high-cost financial obligation because of this. Now, the customer Financial Protection Bureau is getting ready to reveal a framework of proposed guidelines to…