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Payday Lenders

Zach Carter

Turns Out Obama Wasn't Targeting Porn, Guns, Gambling And Payday Loans After All

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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...

Directly Destroying Democracy

Leo W. Gerard | Posted 05.24.2014 | Politics
Leo W. Gerard

The rich can buy more of everything. More food. More cars. More houses. More vacations. More boats. But for a democracy to function properly, they should be forbidden from buying more votes.

How to Turn the Payday Lending Anchor Into a Lifeline

Debbie Matz | Posted 03.08.2014 | Business
Debbie Matz

To see a television advertisement for a business offering payday loans is to see payday loans advertised as a lifeline: a way for a financially strapped family to cover an unexpected expense. But that's not actually how most payday loans are used.

Payday Lender Figures Out Sketchy Way To Dodge Law

ProPublica | Paul Kiel | Posted 09.04.2013 | Business

Alarmed by the explosion of high-cost lending in the state, cities across Texas have passed ordinances to prevent the cycle of debt that short-term, h...

Six Federal Agencies Are Investigating Online Payday Lenders

The Center for Public Integrity | Posted 10.08.2013 | Business
The Center for Public Integrity

The Justice Department and the Consumer Financial Protection Bureau have sent civil subpoenas to dozens of financial companies, including the online lenders, many of which are located on Indian reservations to avoid complying with consumer protection laws.

How Payday Lenders Bounce Back When States Crack Down

ProPublica | Paul Kiel | Posted 08.07.2013 | Business

A version of this story was co-published with the St. Louis Post-Dispatch.In 2008, payday lenders suffered a major defeat when the Ohio legislature ba...

Mark Gongloff

Big Banks Charging 300 Percent Interest

HuffingtonPost.com | Mark Gongloff | Posted 03.22.2013 | Business

Step aside, Tony Soprano: Big banks will now lend money at 300 percent interest without threatening to break a leg. Then again, the payday loans so...