iOS app Android app

Payday Lenders

NCLR Action Fund Calls For Stronger Anti-Payday Regulations

NCLR Action Fund | Posted 07.21.2016 | Latino Voices
NCLR Action Fund

We know that payday lenders are predatory, disproportionately choosing to set up shop in communities of color. We know that Latinos are more likely than the general population to use a payday loan.

The Banking Fight We Can Win Right Now

George Goehl | Posted 07.08.2016 | Politics
George Goehl

There's a big banking fight in front of us right now. It's a fight that could result in a huge win for families and a death knell for the predatory practices of an entire industry -- payday lending.

Wasserman Schultz Has a Change of Heart, But Too Little, Too Late

Bill Moyers | Posted 06.08.2016 | Politics
Bill Moyers

You can be deaf to the public's shouts for only so long. The insurgency of popular discontent that has upended politics this year will continue no matter the results in November. For much too long now it's been clear that money doesn't just rule democracy, it is democracy. Until we prove it isn't.

The Obama Administration Cracks Down On Payday Lenders

The Huffington Post | Ben Walsh | Posted 06.02.2016 | Business

For the first time, there will soon be broad rules protecting U.S. borrowers from being stuck in a spiral of debt from loans that typically have rates...

Democrats Can't Unite Unless Wasserman Schultz Goes!

Bill Moyers | Posted 05.21.2016 | Politics
Bill Moyers

Rep. Wasserman Schultz is facing a primary challenge for the first time this year, her opponent a law professor, activist and progressive Sanders supporter named Tim Canova. But the primary's not until late August, long after the Democratic National Convention.

Payday Loans: The Worst Abuse Is Not Regulated

Jack M. Guttentag | Posted 04.20.2016 | Business
Jack M. Guttentag

The internet is a cost-effective way of identifying and soliciting potential clients for payday loans. Potentially, it could also be a way to regulate the worst abuse of payday lending.

Insurgent Democratic Candidate Ups Ante In Call For Debbie Wasserman Schultz To Resign

The Huffington Post | Michael McAuliff | Posted 04.01.2016 | Politics

WASHINGTON -- Democratic National Committee Chair Debbie Wasserman Schultz's (D-Fla.) support for payday lenders has been earning her some enemies on ...

DNC Chair Debbie Wasserman Schultz Is Taking A Ton Of Heat For Helping Payday Lenders

The Huffington Post | Zach Carter | Posted 03.10.2016 | Politics

WASHINGTON -- Democratic National Committee Chair Rep. Debbie Wasserman Schultz (D-Fla.) has been working to gut new rules intended to rein in predato...

DNC Chair Joins GOP Attack On Elizabeth Warren's Agency

The Huffington Post | Zach Carter | Posted 05.17.2016 | Politics

WASHINGTON -- Payday lenders have been gunning for the Consumer Financial Protection Bureau since the day President Barack Obama tapped Elizabeth Warr...

The Limits Of Obama’s Favorite Economic Theory

The Huffington Post | Ben Walsh | Posted 02.05.2016 | Business

Economic theories don't usually get their own executive orders. But last summer, President Barack Obama changed that. In September, the president issu...

Hot Take: If We Crack Down On Payday Lenders, The Terrorists Win

The Huffington Post | Jason Linkins | Posted 12.17.2015 | Politics

There are any number of ideas that might flow forth from the words, "in the wake of tragedies in San Bernardino and Paris." Calls to action. Expressio...

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 "We...

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 Chairman Barn...

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 borrowers unsu...

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

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 05.15.2016 | 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...