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Predatory Loans

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.

Lower Education: How A Disgraced College Chain Trapped Its Students In Poverty

BuzzFeed | Posted 11.14.2014 | College

Not long ago, Amber Brown, a student at Everest University, saw an article on Facebook about one of the many lawsuits against her school. The story, s...

Globe University Owner: "Sell! Sell! Sell!"

Kyle McCarthy | Posted 05.10.2014 | College
Kyle McCarthy

In July of 2012, after a two-year investigation, the Senate HELP Committee released a scathing report on the for-profit college industry. The investig...

The Great Eviction

Laura Gottesdiener | Posted 10.01.2013 | Business
Laura Gottesdiener

Since 2007, the foreclosure crisis has displaced at least 10 million people from more than four million homes across the country. They add up to approximately the entire population of Michigan.

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...

The Shady Industry Putting Borrowers In A World Of Hurt

ProPublica | Paul Kiel | Posted 05.14.2013 | Business

By Paul Kiel ProPublica This story was co-produced with Marketplace. Listen to their coverage.One day late last year, Katrina Sutton stood at a g...

Hatching Vultures

Dan Petegorsky | Posted 04.07.2013 | Business
Dan Petegorsky

So here we are, just a few short years past one economic Doomsday, and we're back to encouraging youth to make a career buying and flipping homes for profit. Not just any homes, but the still smoldering wreckage of the housing bubble.

The Truth About Payday Loans

Dedrick Muhammad | Posted 01.26.2013 | Black Voices
Dedrick Muhammad

A payday loan may seem like a short-term fix, but it's ultimately just another expense. In today's economy there are no easy answers for low- to moderate-income Americans struggling to pay the bills, but what will clearly never work is adding another high-cost loan.

We Need Principal Reductions Now -- But the New Short Sale Regulations Are Positive Step

David Segal | Posted 05.25.2011 | Politics
David Segal

The administration has just instituted new regulations to make life easier on homeowners who are making the difficult decision to sell a home for less than the value of the outstanding mortgage.

Military Families Are Targets of Predatory Lending

Jason Alderman | Posted 05.25.2011 | Business
Jason Alderman

Military families are especially vulnerable to predatory lending schemes, which can ultimately lead to having their security clearances jeopardized or even being discharged.

Stop Wall Street Loan-Sharking

Sen. Bernie Sanders | Posted 05.25.2011 | Politics
Sen. Bernie Sanders

What Wall Street and credit card companies are doing is really not much different from what loan sharks do who make predatory loans. They are destroying people's lives.