Payday Lenders

Payday Lenders Know You Gotta Spend Money To Make Money

The Huffington Post | Alexander Eichler | Posted 04.20.2012

Read More: Payday Lending, Payday Lenders, Consumer Financial Protection Bureau, Ftc, Campaign Contributions, Cfpb, Elections 2012, Payday Loans, Richard Shelby, Spencer Bachus, Jeb Hensarling, Federal Trade Commission, Video, Business News

Consumer advocates in Washington have pledged to battle payday lenders, the quick-cash loan shops that often charge ruinously high interest rates to p...

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Report: Wells Fargo Extends Loans With Extremely High Interest Rates

The Huffington Post | Bonnie Kavoussi | Posted 04.17.2012

Read More: U.S. Bank, Wells Fargo Bank, Payday Lenders, Wells Fargo US Bank, Wells Fargo, Payday Loans, US Bank, U.S. Bank Payday Loans, Video, Wells Fargo U.S. Bank, Wells Fargo Payday Lenders, Minnesotans for a Fair Economy, Center for Responsible Lending, Wells Fargo Payday Loans, U.S. Bank Payday Lenders, Business News

Big banks are participating in a practice commonly associated with the use of big signs to lure vulnerable Americans. Wells Fargo, the country's b...

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Watchdog To Propose New Rules That Could Save Homes

AP | DEREK KRAVITZ | Posted 04.10.2012

Read More: Loan, Foreclosure Crisis, Congress, Robo-Signing, Payday Lenders, Borrowers, Homeowners, Mortgage Payments, Video, Loan Modifications, Consumer Financial Protection Bureau, Financial Crisis, Foreclosure, Housing Bubble, Business News

WASHINGTON — The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate a...

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This Sneaky Trick Doesn't Work Anymore For Payday Lenders

The Huffington Post | Alexander Eichler | Posted 04.24.2012

Read More: Payday Lending, Payday Lenders, Ftc, Native Americans, Payday Loans, Immunity, Federal Trade Commission, Indian Reservations, Video, Consumer Financial Protection Bureau, Native American Tribes, Cfpb, Indian Tribes, Payday Loan Shops, Business News

Lately, payday lenders have been linking up with Native American tribes as a way to sidestep U.S. law. Federal authorities seem less and less willi...

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Americans Got A Little Bit Less Angry At Banks Last Year

Reuters | Posted 05.01.2012

Read More: Better Business Bureau, Debit Card Limits, Video, Dodd-Frank, Credit CARD Act, Consumer Federation of America, Payday Lenders, Consumer Financial Protection Bureau, Reuters, Center for Responsible Lending, Guggenheim Securities' Washington Research Group, Financial Service Sector, Federal Trade Commission, Consumer Complaints, Business News

* Complaints against banks drop 30 pct-BBB * Payday lender complaints rise * Banks facing new restrictions on consumer p...

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Alabama's Largest City Looks For Alternatives To Payday Lenders

The Huffington Post | Alexander Eichler | Posted 02.10.2012

The biggest city in Alabama is putting its payday lenders on notice. Bankers and community leaders in Birmingham, Alabama met Thursday to discuss d...

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Almost Half Of U.S. Households Live One Crisis From Poverty, Study Says

HuffingtonPost.com | Alexander Eichler | Posted 01.31.2012

What does it mean to be poor? If it means living at or below the poverty line, then 15 percent of Americans -- some 46 million people -- qualify. B...

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New Consumer Cop Picks First Fight With Big Banks

HuffingtonPost.com | Ben Hallman | Posted 01.20.2012

Read More: Richard Cordray, U.S. Bank, Payday Lending, Payday Lenders, Consumer Financial Protection Bureau, Wells Fargo, Consumer Lending, Cfpb, Regions Bank, Payday Loans, Fifth Third Bank, Bank Payday Loans, Business News

Picking his first public fight with the banking industry, Washington's top consumer cop, Richard Cordray, promised on Thursday that his examiners will...

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With Obama Appointment, Jeopardy Champ Takes On Payday Lenders

HuffingtonPost.com | Ben Hallman | Posted 01.04.2012

Read More: Richard Cordray, Dodd-Frank, Payday Lenders, Bank Reform, Richard Cordray Recess Appointment, President Barack Obama, Financial Reform, Recess Appointment, Banks, Financial Crisis, Consumer Finance Protection Agency, Barack Obama, Financial Regulation, Business News

The new government agency tasked with looking after the best financial interests of ordinary consumers finally has a leader. President Barack Obam...

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Fee-Dependent Prepaid Card Maker Moves Into Banking

HuffingtonPost.com | Catherine New | Posted 11.29.2011

Read More: Debt, Walmart, Payday Lenders, Prepaid Cards, Unbanked, Banking, Banks, Payday Loans, Credit Cards, Underbanked, Retail Banking, Greendot, Utah, Business News

In the latest signal that the economic crisis has fundamentally changed the way Americans handle their money, the largest provider of prepaid debit ca...

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Legalized Loan Sharks

Don McNay | Posted 09.28.2011

Read More: JP Morgan Chase, McNay Settlement Group, Citigroup, Richmond Kentucky, Loan Sharks, Payday Lenders, Financial Reform, Bailouts, Kentucky, Don McNay, Vanderbilt, Citizens for Responsiblity and Ethics, Gary Rivlin, Working Poor, Structured Settlements, Screw Andrews, Bank of America, Poverty Industry, Broke USA, Wealth Without Wall Street, Ohio, Newport Kentucky, Eastern Kentucky University, Million Dollar Round Table, Banks, Legalized Loan Sharks, American College, Too Big to Fail, Personal Finance, Personal Debt, Business News

"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.

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Banks Increasingly Use Payday Loans Despite Crackdown On Predatory Lending

The Huffington Post | Alexander Eichler | Posted 09.21.2011

Read More: Interest Rates, Payday Lending, Predatory Lending, Social Security, Payday Lenders, Lending, Consumer Financial Protection Bureau, Wells Fargo, Loans, Center for Responsible Lending, Banks, Payday Loans, Checking Account Advance, Direct Deposit Advance, Business News

Two years after the recession officially ended and one year after the creation of a landmark financial law meant to prevent another financial crisis, ...

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Struggling Americans Avoiding All But Essential Items At Dollar Stores

The Huffington Post | Harry Bradford | Posted 09.11.2011

Read More: Family Dollar, Gas Prices, Personal Finances, Unemployment Rate, Payday Lenders, Encore Capital Group, Dollar Stores, Wal-Mart, Avondale Partners, Consumer Confidence, Bob Strasser, Great Recession, Dollar Tree, Ezcorp Inc, Economic Recovery, Harris Interactive, Dollar General, Rent-a-Center, Business News

Some Americans have become concerned enough about their finances that even a spending spree at the local dollar store now seems excessive. Followi...

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Payday Lenders, Pawn Shops Benefit As America's Economy Sputters

Associated Press | Bernard Condon | Posted 09.09.2011

Read More: Stocks Pawnshop, Recovery Winners, Payday Lenders, Great Recession, Recession Winners, Ezcorp, Encore, Stocks Payday Lenders, Pawn Shops, Business News

NEW YORK (AP) -- As the jobless rate inches up and the economic recovery sputters, investors looking for a few good stocks may want to follow the mone...

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Why Are So Many Democrats Taking Campaign Contributions From Predatory Lenders?

Yashar Ali | Posted 07.09.2011

Read More: Goldman Sachs, Payday Loans, Crew, Payday Lenders, Campaign Finance, Financing, Democrats, Politics News

If you heard an elected official that you are supporting was accepting campaign contributions from tobacco companies, would you stop supporting them? ...

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House Republicans Amplify Attacks On Elizabeth Warren, Consumer Protection

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Elizabeth Warren, Congress, Lynn Westmoreland, Financial Reform, Bachus, Wall Street Reform, Thaddeus McCotter, Federal Reserve, Monetary Policy, Regulation, Obama, Foreclosure Settlment, The Fed, Stephen Lynch, Politics, Mortgages, Cfpb, Payday Lending, Foreclosure Crisis, Neugebauer, Payday Lenders, Mortgage Crisis, Payday Loans, Credit Cards, David Obey, Steve Pearce, Servicers, Sean Duffy, Wall Street, Hearing, Inflation, Consumer Financial Protection Bureau, Huizenga, Foreclosure Deal, Banks, Gary Ackerman, Brad Miller, Politics News

WASHINGTON -- In a hearing marked by openly hostile questioning from House Republicans, consumer advocate Elizabeth Warren made her highly anticipated...

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The Double-edged Sword of Credit Cards for Women and Minorities

Bryce Covert | Posted 05.25.2011

Read More: Debt, Women, Credit Cards, Poverty, Payday Lenders, Minorities, Business News

Cross-posted from New Deal 2.0. The ability to stay away from credit cards is a privilege, as is being offered banking products, including checking a...

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In Stealth Lobbying Move, Wall Street Coordinates With Check-Cashers, Payday Lenders To Gut CFPB

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Payday Lending, Elizabeth Warren, Payday Lenders, Lobbying, U.S. Chamber of Commerce, Regulation, Debt Collectors, Chamber, Bank Lobby, Wall Street, Consumer Financial Protection Bureau, The Chamber, Cfpb, U.S. Chamber, Check-Cashing, Chamber of Commerce, Check-Cashers, US Chamber, Politics News

WASHINGTON -- Wall Street banks are deploying little-known lobbying organizations who represent companies like Pizza Hut and Radio Shack in a new push...

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A Beginner's Guide to Stopping Payday Lenders

Don McNay | Posted 05.25.2011

Read More: Gary Rivlin, Kentucky Secretary of State, Broke USA, Bob Babbage, Richmond Ky, Social Movements, Personal Finance, Payday Lenders, Kentucky, Structured Settlements, Larry Diamond, Harry Moberly, Structured Settlement Purchasers, Payday Lending, Payday Lending Reform, Payday Loans, Business News

When people wanting to get rid of payday lending get organized and vote out a couple of payday lending supporters, the rest of the legislatures will take them seriously.

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CFPB May Crowdsource Payday Lender Crackdown

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Payday Lending, Payday Lenders, Cfpb Crowdsourcing, Consumer Financial Protection Bureau, Crowdsourcing, Cfpb, Payday Loans, Cfpb Payday Loans, Cfpb Payday Lenders, Politics News

WASHINGTON -- The new Consumer Financial Protection Bureau rolled out a preliminary version of its website on Thursday, and with it a few indications ...

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Obama Consumer Agency May Not Be Able To Oversee Payday Lenders, Mortgage Firms

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Obama Consumer Agency, Treasury Department, Mortgage Lenders, New Century Financial, Payday Lenders, Consumer Financial Protection Bureau, Countrywide Financial, Financial Reform, Cfpb, Fremont General, Financial Regulation, Elizabeth Warren, Business News

The nascent consumer agency dedicated to protecting borrowers from abusive lenders, a cornerstone of the Obama administration's efforts to reform the ...

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New Consumer Agency Is Frightfully Necessary -- And Late

Elizabeth Warren | Posted 05.25.2011

Read More: Dodd-Frank Act, Foreclosure Paperwork, Check Cashing, Financial Services, Payday Lenders, Consumer Financial Protection Bureau, Robo-Signers, Financial Services Oversight Council, Mortgage Servicers, Financial Reform, Fort Lauderdale, Foreclosure, Subprime Mortage Crisis, Financial Regulation, Business News

Haphazard and possibly illegal practices at mortgage-servicing companies have called into question home foreclosures across the nation. The latest disclosures are deeply troubling.

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Reporter Spends Month Living Without A Bank, Finds Sky-High Fees

Posted 05.25.2011

Read More: Payday Lending, Bankless, Payday Lenders, Banks, Check-Cashing, Bank Fees New Law, Bank Fees 2010, Living Without a Bank, Business News

NEW YORK (AP, Candice Choi) -- The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order. A doll...

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Will Our New Leaders Encourage Consumers to Save?

Don McNay | Posted 05.25.2011

Read More: Citigroup, Credit Cards, Divorce, Subprime Lenders, Payday Lenders, Consumer Spending, Addiction, Kentucky, Don McNay, Buy Here Pay Here, Personal Finance, Business News

If our next set of leaders truly wants to make an impact, they need to get America focused on saving.

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Extended Unemployment Could Outlast Extended Unemployment Insurance

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Payday Lending, Unemployment, Payday Lenders, Broke USA, Gary Rivlin, Pawnshops, Payday Loans, Third World America, Payday Loan, Lame Duck Session, Politics News

WASHINGTON -- The government announced Friday morning that the unemployment situation barely changed in October. The unemployment rate has been stuck ...

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