iOS app Android app

Payday Lenders

Here's The Dodgy Payday Lender Behind That 'Grassroots' White House Petition

The Huffington Post | Zach Carter | Posted 11.19.2015 | Politics

WASHINGTON -- Every good idea in American politics eventually becomes a vehicle for corporate lobbying. When the Obama administration unveiled its "W...

Payday Lenders Hoping for a Grand Old Party in 2016

Karl Frisch | Posted 11.12.2015 | Politics
Karl Frisch

Payday lenders spent more than $15 million during the last election to lobby and elect Members of Congress. If the CFPB comes down hard on the industry with tough new rules as is expected, you can bet they will spend even more during this election.

Pro-Payday Loan Study Paid For And Edited By The Payday Loan Industry

The Huffington Post | Ben Walsh | Posted 11.02.2015 | Politics

The payday loan industry was involved in almost every aspect of a pro-industry academic study, according to emails and other documents reviewed by The...

House Democrats Joining GOP Attack On Elizabeth Warren's Agency

The Huffington Post | Zach Carter | Posted 10.01.2015 | Politics

  UPDATE: After pressure from Rep. Maxine Waters (D-Calif.), Sen. Elizabeth Warren (D-Mass.) and former House Financial Services Committee Chair...

Payday Lender Blocked Access To Customer Accounts, Lawsuit Claims

The Huffington Post | Ben Walsh | Posted 08.06.2015 | Business

  Online payday lender Plain Green allegedly blocked borrowers from accessing their accounts or viewing their loan documentation, leaving borrow...

New Project Seeks To Unmask Shadowy Payday Lenders

The Huffington Post | Christina Wilkie | Posted 08.05.2015 | Politics

WASHINGTON -- A new project seeking to expose some of the most secretive special interests in American politics launched on Wednesday. Its first targe...

Zach Carter

Turns Out Obama Wasn't Targeting Porn, Guns, Gambling And Payday Loans After All | Zach Carter | Posted 07.09.2015 | Politics

WASHINGTON -- A Justice Department investigation has cleared its consumer protection lawyers of Republican charges they engaged in a multi-agency cons...

Friday Talking Points -- Is That Your Final Answer, Jeb?

Chris Weigant | Posted 06.01.2015 | Politics
Chris Weigant

Jeb Bush, in case you haven't heard, spent the entire week coming up with a believable answer to one question After watching Bush twist in the wind this week, we can't help but wonder if the 2016 Republican nomination race is going to closely resemble the 2008 Democratic nomination fight.

Zach Carter

Democrats Defeat GOP Plan To Block Predatory Lending Protections For Soldiers | Zach Carter | Posted 04.30.2015 | Politics

WASHINGTON -- House Democrats successfully knocked down a GOP plan early Thursday morning that would have blocked predatory lending protections for Am...

Neither a Lender Nor a Borrower Be!

Yvonne Kariba | Posted 06.03.2015 | Money
Yvonne Kariba

If you haven't heard this saying; you probably live under a rock or haven't experienced the disappointments that come with leading anyone money. This saying was originally coined by Shakespeare, the great Poet and Playwright.

Paul Blumenthal

Online Payday Lender Pumped Dark Money Into Effort To Beat Back Regulation | Paul Blumenthal | Posted 03.17.2015 | Politics

WASHINGTON -- Facing the prospect of imminent oversight by a newly created government regulator, the much-reviled payday loan industry’s lobbying ma...

Consumer Protection Agency Preps Payday Lender Crackdown

The New York Times | Posted 02.08.2015 | Politics

In the world of consumer finance, they are chameleons: payday lenders that alter their practices and shift their products ever so slightly to work aro...

Hunter Stuart

Payday Lenders Are Using The Internet To Evade State Law | Hunter Stuart | Posted 01.21.2015 | Business

Borrowing from any payday lender can be a risky endeavor. Borrowing from one online can be downright perilous. The pitfalls of borrowing from sto...

Feds To Write New Rules For Payday Loans

Reuters | Posted 03.07.2015 | Business

NEW YORK, Jan 4 (Reuters) - A U.S. regulator focused on consumer protection is planning the first federal regulations ever for lenders that make sma...

A New Year's Resolution for Our Military Community

Jane Whitfield | Posted 03.04.2015 | Impact
Jane Whitfield

Here's a New Year's resolution for the Pentagon: Fix the Military Lending Act. And this is just a first step for all of us towards helping the military community build long-term financial security.

Ben Walsh

Texas Is Throwing People In Jail For Failing To Pay Back Predatory Loans | Ben Walsh | Posted 12.29.2014 | Business

Texas has a problem: it keeps putting people in jail for borrowing money. At least six people were jailed in the state over the past two years because they owed money on payday loans.

Payday Loans and the Rise of Vampire Capitalism

Ethan Rabidoux | Posted 02.15.2015 | Business
Ethan Rabidoux

Payday loan companies have managed to fly beneath the radar of public scrutiny for far too long. I suspect it's because their victims are the weakest among us who don't have a voice.

A Fox in the Henhouse at the Consumer Financial Protection Bureau

Liz Ryan Murray | Posted 12.30.2014 | Money
Liz Ryan Murray

Earlier this summer, CFPB Director Richard Cordray named Patrick O'Shaughnessy, the CEO of Advance America, one of the largest payday lending chains in the country, to an Advisory Board position at the CFPB.

Debt Collectors, Social Darwinism and William Jennings Bryan

Don McNay | Posted 12.21.2014 | Business
Don McNay

In the over 90 years since William Jennings Bryan's death, we have seen scores of major atrocities played out with the theory of "survival of the fittest" as a motivating factor. We are also seeing it at every level of business and society.

Zach Carter

House Republicans Are Trying To Make Money Laundering A Lot Easier | Zach Carter | Posted 09.19.2014 | Politics

WASHINGTON -- House Republicans are agitating to dramatically curb federal bank regulators' ability to combat money laundering, calling for changes in...

Zach Carter

Darrell Issa's Latest Circus Has Lawmakers Shocked That DOJ Fights Fraud | Zach Carter | Posted 07.15.2014 | Politics

WASHINGTON -- On Tuesday, Republicans on the House Financial Services Committee took up Rep. Darrell Issa's crusade against the Department of Justice'...

Can a Post Office Be a Bank?

John Harrington | Posted 08.11.2014 | Impact
John Harrington

Instead of privatizing the post office, there may be a better way to raise revenue for the post office by providing financial services for many who need access to credit and short-term capital.

Financial Parasites Are Still With Us, But Hopefully Not for Long

John Harrington | Posted 07.27.2014 | Business
John Harrington

Almost four years ago, I wrote about a new non-profit check cashing and payday lender that opened in the Fruitvale area of Oakland, California in the ...

Making Banking Work for Everyone

Keith Mestrich | Posted 06.18.2014 | Money
Keith Mestrich

Some of the most important pathways to middle class American life become out of reach when one has little or no credit history. Buying a car or house, or sending a child to college can become close to impossible.

A Fresh Reminder To Never, Ever Take Out A Payday Loan

The Huffington Post | Ben Hallman | Posted 03.27.2014 | Business

There's never been much question as to whether taking out a payday loan is a sound financial decision. The short-term loans come with extremely high i...