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Predatory Lending

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...

Zach Carter

House Republicans Want To Block Predatory Lending Protections For American Troops

HuffingtonPost.com | Zach Carter | Posted 04.29.2015 | Politics

WASHINGTON -- House Republicans are pushing legislation to block predatory lending protections for American soldiers, under pressure from the banking ...

House Launches Attack on Servicemember Lending Protections

Ed Mierzwinski | Posted 06.28.2015 | Politics
Ed Mierzwinski

Only in Washington would some politicians even consider a calculus that places the demands of special interests above the compelling needs of both the nation's military preparedness and the well-being of the nation's defenders themselves.

Zach Carter

House Republicans Hand Warren Buffett Big Win On Expensive Loans To The Poor

HuffingtonPost.com | Zach Carter | Posted 04.15.2015 | Politics

WASHINGTON -- House Republicans approved a set of lucrative perks for Warren Buffett on Tuesday, passing legislation to help his mobile home empire se...

Zach Carter

House Republicans Want To Hand Warren Buffett Bigger Profits On Loans To Poor People

HuffingtonPost.com | Zach Carter | Posted 04.09.2015 | Politics

WASHINGTON -- House Republicans are set to deliver a major favor to Warren Buffett next week, days after a devastating expose detailed consumer abuses...

Financial Exclusion: Why the Poor Get Poorer

Bill Bartmann | Posted 06.06.2015 | Politics
Bill Bartmann

There is a saying about how expensive it is to be poor. Ironically, the less money you have, the more it costs you to manage and move it. Unbanked and underbanked families rely heavily on alternative financial services such as check cashers and payday loans.

Why You Shouldn't Be Afraid to Talk About Finance

Nourish International | Posted 05.13.2015 | Money
Nourish International

Many who look to understand the incredible wealth gap are quickly lost in the exclusive language of finance. When it comes to the inner workings of financial institutions, the rise and fall of markets, the tangled web of international debt, or even just our own personal finances, most of us are lost. In short, we are financially illiterate.

Freedom at Last From Discriminatory Lending: A Fairer Future With Technology

Jason van den Brand | Posted 06.08.2015 | Money
Jason van den Brand

Changing the way one applies for a loan doesn't simply mean stating for 28 pages that a borrower will not be discriminated against, or that we should depend solely on federal and state regulations to curb financial intuitions' racist lending practices.

CFPB Must Rein in Predatory Payday Lenders with Strong Regulations

NCLR Action Fund | Posted 04.13.2015 | Politics
NCLR Action Fund

Low income working families seeking to simply pay the bills confront an array of challenges these days. "Payday lenders" are taking advantage of a borrower's precarious financial state and profit from pushing low-income families deeper into debt and poverty.

Neighbors Helping Neighbors?

Jim Gibson | Posted 02.18.2015 | Education
Jim Gibson

Well, here is a tale of the exact opposite. Although it is not clear that this was setup to be in place right before the Christmas Holiday, that is how the timing seemed to work out.

Credit Unions Can Help Ward Off Payday Lenders

Henry A. J. Ramos | Posted 02.07.2015 | Politics
Henry A. J. Ramos

Many consumers who can afford loans are denied the services they need and left in the hands of predatory lenders. Credit unions, as nonprofits with a commitment to their communities, are the right ones to bridge the divide.

As America Becomes More Diverse, Lending Barriers to Minority Homeownership Demand Serious Leadership

Garrick T. Davis | Posted 01.19.2015 | HuffPost Home
Garrick T. Davis

Recently released mortgage disclosure data findings indicate that a majority of future U.S. households could face significant challenges in achieving homeownership.

Today Show Sets Up Sting to Nab Soldiers Who Scam Thousands, Ignores Corporations Who Scam Billions

Ian Reifowitz | Posted 12.06.2014 | Media
Ian Reifowitz

It's not okay to steal just because one earns below the median income level. But as I watched "National Investigative Reporter" Jeff Rossen bear down on a soldier lucky to be earning one-fifth what he is, I wanted to know why this was the crime on which the Today show chose to focus.

Secret Network Connects Harvard Money To Predatory Loan Websites

Bloomberg News | Zeke Faux | Posted 09.04.2014 | Business

Alex Slusky was under pressure to put the money in his private-equity fund to work. The San Francisco technology financier had raised $1.2 billion in ...

Map Illustrates Bank's Alleged Racist Mortgage Policies

The Huffington Post | Alexander C. Kaufman | Posted 09.02.2014 | Business

NEW YORK -- New York state filed suit on Tuesday against a Buffalo-based bank for allegedly not making home loans in black neighborhoods. Evans Ban...

New York Cracks Down On Payday Lenders

Reuters | Posted 10.12.2014 | Business

Aug 11 (Reuters) - Manhattan prosecutors filed criminal charges against a dozen companies and their owner, Carey Vaughn Brown, accusing them of maki...

John Oliver & Sarah Silverman Slam Payday Loan 'Motherf***ers'

The Huffington Post | Carol Hartsell | Posted 08.11.2014 | Comedy

On the latest edition of "Last Week Tonight," John Oliver continued his mission of educating viewers on a little-understood topic that has enormous im...

Flip a District: Fire Kline

Kyle McCarthy | Posted 06.02.2014 | College
Kyle McCarthy

We are better than this and deserve a member of Congress that represents the people, not simply those who bankroll their re-election campaign.

Protecting Our Veterans From Domestic Enemies

Jerome Kohlberg | Posted 03.29.2014 | Business
Jerome Kohlberg

One deplorable practice that epitomizes the triumph of greed over the greater good is the exploitation of our returning Iraq and Afghanistan veterans by predatory players in the for-profit "education" industry.

Our Most Powerful Weapon Against Wall Street? The Reverse Eminent Domain Movement

Les Leopold | Posted 02.22.2014 | Business
Les Leopold

All of us have spent a great deal of time complaining about Wall Street and how hard it is to take them on given all their money and political power. But here we have several cities with more in the wings actually doing something about it. Wouldn't it be something if progressives all over the country spread this campaign to their own town councils?

Mississippians Report Financial Challenges to Consumer Protection Bureau

Bill Bynum | Posted 11.24.2013 | Impact
Bill Bynum

A big obstacle is the closing of bank branches in small towns and low-income neighborhoods. "When the bank told us they were leaving in five weeks, it set off a small panic," said Kenneth Broome, the mayor of Utica, Miss.

Why Google's Spying on User Data Is Worse than the NSA's

Nathan Newman | Posted 11.20.2015 | Business
Nathan Newman

The potential abuses due to corporate access to that data are as bad as the NSA control -- and the documented harm to the public has been worse.

Are Auto Lenders Gouging Minorities?

Dedrick Muhammad | Posted 08.19.2013 | Black Voices
Dedrick Muhammad

Predatory mortgage lenders aren't the only ones under fire for racial targeting -- the Consumer Financial Protection Bureau is now probing auto lenders for allegedly discriminating against Blacks and Latinos.

Soldiers Defeated by Debt

Posted 05.15.2013 | Business

by Paul Kiel, ProPublica, and Mitchell Hartman, Marketplace, May 15, 2013, 5:50 a.m.This story was co-produced with Marketplace. Listen to their cover...

Economic Weapons of Mass Destruction: Mortgages in the Era of Mass Terror

Laura Gottesdiener | Posted 07.07.2013 | Business
Laura Gottesdiener

Since 2007, Wall Street has evicted four million families -- approximately ten million people -- from their homes. Millions more are ensnared in ongoing foreclosures.