“When banks charge higher and higher interest rates,” said Rep. Ocasio-Cortez, “essentially your credit card becomes a payday loan.”
The Trump administration is helping payday lenders through weak law enforcement and deregulation.
It plans to explode a van filled with $1.3 million of payday loan debt.
The idea would provide a low-cost alternative to payday loans -- and it might just save the Postal Service, too.
'This is a social movement.'
But now they are racing against the bureau’s January announcement that it would produce new rules for payday lenders this
Dear Eileen, Get Out of Debt Guy - Twitter, G+, Facebook What should I do? If you wanted to see if that original case against
Under Operation Choke Point, the FDIC has warned banks against working with firms that defraud people. Working with fraudsters
“We have rules that say if you buy a toaster, it shouldn’t catch on fire. We have rules that say if you buy a cheap car, the
“Delinquent borrowers were actually blithely unaware of how lenders felt,” Loewenstein said. And more than unaware, they
According to the company's website, it has more than 600 million unique criminal records, as well as an expanding number
The new ordinance, which passed a city council vote on Tuesday, will cap the number of storefronts shilling loans at the
A new online comparison site may be serving as a gateway to dangerous lending practices. "It can raise problems where somehow
Even scam artists are outsourcing. On Tuesday in its first crackdown on fraudulent telemarketing in South Asia, the Federal
President Obama said Friday in light of the bleak employment situation that part of his strategy to create jobs includes