Payday Lending

This City's Not Letting Any More Payday Lenders Set Up Shop

The Huffington Post | Catherine New | Posted 05.18.2012

Read More: Nontradtional Financial Service, Payday Lending, Payday Loan, Video, Alternative Lending, San Jose, Emergency Cash, Silicon Valley, Money News

Not all residents of the wealthy Silicon Valley are flush with cash. Turns out payday lending -- a type of short-term, high-interest loan that can...

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Payday Lenders Know You Gotta Spend Money To Make Money

The Huffington Post | Alexander Eichler | Posted 04.20.2012

Read More: Payday Lending, Payday Lenders, Consumer Financial Protection Bureau, Ftc, Campaign Contributions, Cfpb, Elections 2012, Payday Loans, Richard Shelby, Spencer Bachus, Jeb Hensarling, Federal Trade Commission, Video, Business News

Consumer advocates in Washington have pledged to battle payday lenders, the quick-cash loan shops that often charge ruinously high interest rates to p...

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This Sneaky Trick Doesn't Work Anymore For Payday Lenders

The Huffington Post | Alexander Eichler | Posted 04.24.2012

Read More: Payday Lending, Payday Lenders, Ftc, Native Americans, Payday Loans, Immunity, Federal Trade Commission, Indian Reservations, Video, Consumer Financial Protection Bureau, Native American Tribes, Cfpb, Indian Tribes, Payday Loan Shops, Business News

Lately, payday lenders have been linking up with Native American tribes as a way to sidestep U.S. law. Federal authorities seem less and less willi...

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Ohio Republican Runs For Senate -- With Money From Bahamas Payday Lenders

The Huffington Post | Luke Johnson | Posted 03.14.2012

Read More: Payday Lending, Video, Josh Mandel, Election 2012 Blog, 2012 Election, Elections 2012, Payday Loans, Josh Mandel Payday Lending, Politics News

Josh Mandel, the Ohio Treasurer who is challenging Sen. Sherrod Brown (D-Ohio), traveled to the Bahamas last Friday to give a speech to payday lenders...

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Getting Rich In Supposedly Illegal Businesses

Don McNay | Posted 04.22.2012

As a society, it would seem logical that we would want drug pushing, loan sharking and corporate influence peddling to stop. At the very least, we could go back to making it against the law.

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Alabama's Largest City Looks For Alternatives To Payday Lenders

The Huffington Post | Alexander Eichler | Posted 02.10.2012

The biggest city in Alabama is putting its payday lenders on notice. Bankers and community leaders in Birmingham, Alabama met Thursday to discuss d...

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Almost Half Of U.S. Households Live One Crisis From Poverty, Study Says

HuffingtonPost.com | Alexander Eichler | Posted 01.31.2012

What does it mean to be poor? If it means living at or below the poverty line, then 15 percent of Americans -- some 46 million people -- qualify. B...

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New Consumer Cop Picks First Fight With Big Banks

HuffingtonPost.com | Ben Hallman | Posted 01.20.2012

Read More: Richard Cordray, U.S. Bank, Payday Lending, Payday Lenders, Consumer Financial Protection Bureau, Wells Fargo, Consumer Lending, Cfpb, Regions Bank, Payday Loans, Fifth Third Bank, Bank Payday Loans, Business News

Picking his first public fight with the banking industry, Washington's top consumer cop, Richard Cordray, promised on Thursday that his examiners will...

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Brian Moynihan Should Cut Ties With Payday Lenders

George Goehl | Posted 02.07.2012

Read More: Richard Cordray, Payday Lending, Brian Moynihan, Congress, Consumer Financial Protection Bureau, Bank of America, Cfpa, Banking, Banks, Richard Cordray Cfpb, Business News

If any bank represents the need to have a regulator in place that protects people on consumer financial issues, it's Bank of America. America's bank has become a symbol for all that is wrong with the financial sector.

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A Scarlett Letter On Economic Life

HuffingtonPost.com | Catherine New | Posted 12.08.2011

Read More: Credit Report, Debt, Payday Lending, Corescore, Fico, Auto Insurance, Employment, Background Checks, Corelogic, Data Collection, Credit, Experian, Credit Check, Credit Score, Transunion, Rent-to-Own, Equifax, Business News

Thanks to a new kind of credit score, more borrowed money may end up in the hands of the increasing number of Americans who are sliding down the econo...

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In Rick Perry's Texas, A Safe Haven For High-Interest Payday Lenders

HuffingtonPost.com | Chris Kirkham | Posted 11.18.2011

Read More: Texas, Payday Lending, Perry, Texas Payday Lenders, Texas Governor Rick Perry, Rick Perry 2012, Rick Perry Payday Lending, Rick Perry, Texas Payday Lending, Business News

In his three months in the national spotlight, Texas Gov. Rick Perry has presented himself as a champion of government deregulation, an advocate of pa...

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Banks Increasingly Use Payday Loans Despite Crackdown On Predatory Lending

The Huffington Post | Alexander Eichler | Posted 09.21.2011

Read More: Interest Rates, Payday Lending, Predatory Lending, Social Security, Payday Lenders, Lending, Consumer Financial Protection Bureau, Wells Fargo, Loans, Center for Responsible Lending, Banks, Payday Loans, Checking Account Advance, Direct Deposit Advance, Business News

Two years after the recession officially ended and one year after the creation of a landmark financial law meant to prevent another financial crisis, ...

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Albany Considering Handing Check Cashers Blank Check for Predatory Lending

Jonathan B. Mintz | Posted 09.17.2011

Read More: State of the City, Banks, Move Your Money, Michael Bloomberg, Jonathan Mintz, Financial Reform, Department of Consumer Affairs, Payday Lending, Banking, New York City, Payday Loans, Predatory Lending, Consumer Protection, Business News, Poverty, moveyourmoney.info, Check Cashers, New York News, New York News

A very dangerous bill has made alarming progress in Albany the last few legislative sessions and I fear more of the same in the next session.

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Legalized Loan-Sharking: Is It Coming to New York?

Amy Traub | Posted 07.26.2011

Read More: Payday Lending, Payday Loans, New York State Banking Department, State Senator Hugh Farley, Check Cashing, Short Term Financial Services Loan Act, New York News

Payday lending has been denounced as "a scourge on vulnerable citizens" and condemned as "modern day usury." So why do some state legislators want to introduce these predatory financial products to NY?

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Payday Loan Kingpin Praises Elizabeth Warren

HuffingtonPost.com | Zach Carter | Posted 07.10.2011

This article has been updated WASHINGTON -- The Chairman of the nation's largest payday lending outifit is making the rounds in the nation's capita...

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House Republicans Amplify Attacks On Elizabeth Warren, Consumer Protection

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Elizabeth Warren, Congress, Lynn Westmoreland, Financial Reform, Bachus, Wall Street Reform, Thaddeus McCotter, Federal Reserve, Monetary Policy, Regulation, Obama, Foreclosure Settlment, The Fed, Stephen Lynch, Politics, Mortgages, Cfpb, Payday Lending, Foreclosure Crisis, Neugebauer, Payday Lenders, Mortgage Crisis, Payday Loans, Credit Cards, David Obey, Steve Pearce, Servicers, Sean Duffy, Wall Street, Hearing, Inflation, Consumer Financial Protection Bureau, Huizenga, Foreclosure Deal, Banks, Gary Ackerman, Brad Miller, Politics News

WASHINGTON -- In a hearing marked by openly hostile questioning from House Republicans, consumer advocate Elizabeth Warren made her highly anticipated...

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In Stealth Lobbying Move, Wall Street Coordinates With Check-Cashers, Payday Lenders To Gut CFPB

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Payday Lending, Elizabeth Warren, Payday Lenders, Lobbying, U.S. Chamber of Commerce, Regulation, Debt Collectors, Chamber, Bank Lobby, Wall Street, Consumer Financial Protection Bureau, The Chamber, Cfpb, U.S. Chamber, Check-Cashing, Chamber of Commerce, Check-Cashers, US Chamber, Politics News

WASHINGTON -- Wall Street banks are deploying little-known lobbying organizations who represent companies like Pizza Hut and Radio Shack in a new push...

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A Beginner's Guide to Stopping Payday Lenders

Don McNay | Posted 05.25.2011

Read More: Gary Rivlin, Kentucky Secretary of State, Broke USA, Bob Babbage, Richmond Ky, Social Movements, Personal Finance, Payday Lenders, Kentucky, Structured Settlements, Larry Diamond, Harry Moberly, Structured Settlement Purchasers, Payday Lending, Payday Lending Reform, Payday Loans, Business News

When people wanting to get rid of payday lending get organized and vote out a couple of payday lending supporters, the rest of the legislatures will take them seriously.

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CFPB May Crowdsource Payday Lender Crackdown

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Payday Lending, Payday Lenders, Cfpb Crowdsourcing, Consumer Financial Protection Bureau, Crowdsourcing, Cfpb, Payday Loans, Cfpb Payday Loans, Cfpb Payday Lenders, Politics News

WASHINGTON -- The new Consumer Financial Protection Bureau rolled out a preliminary version of its website on Thursday, and with it a few indications ...

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Five Things Bank of America Could do to Address the Real Crisis

Gordon Whitman | Posted 05.25.2011

Read More: Move Your Money, Bank of America, Payday Lending, Foreclosure, Business News

In anticipation of becoming Wikileaks next victim, Bank of America CEO Brian Moynihan is spending millions of dollars on crisis management, even tryin...

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Reporter Spends Month Living Without A Bank, Finds Sky-High Fees

Posted 05.25.2011

Read More: Payday Lending, Bankless, Payday Lenders, Banks, Check-Cashing, Bank Fees New Law, Bank Fees 2010, Living Without a Bank, Business News

NEW YORK (AP, Candice Choi) -- The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order. A doll...

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John Suthers's Payday Donations Prompt Interest In New Campaign Finance Restrictions

The Colorado Independent | John Tomasic | Posted 05.25.2011

Read More: John Suthers, Mark Ferrandino, Payday Lending, Payday Lending Reform, Colorado Campaign Finance, Colorado Attorney General, Campaign Finance, Denver News

Colorado Attorney General John Suthers is unabashed about having taken campaign cash from the payday loan industry. The donations and his refusal to r...

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Extended Unemployment Could Outlast Extended Unemployment Insurance

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Payday Lending, Unemployment, Payday Lenders, Broke USA, Gary Rivlin, Pawnshops, Payday Loans, Third World America, Payday Loan, Lame Duck Session, Politics News

WASHINGTON -- The government announced Friday morning that the unemployment situation barely changed in October. The unemployment rate has been stuck ...

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Don't Worry About The Bedbugs -- Eliminate the Financial Parasites

John Harrington | Posted 05.25.2011

Read More: Payday Lending, Fruitvale BART, Poverty, Check Cashing, Minorities, Oakland, Business News

$1.6 billion of interest, excessive fees, and other exorbitant costs are being charged to poor people every single day, making it almost physically and fiscally impossible for individuals to exit the poverty cycle.

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John Suthers's Proposed Payday Loan Rule 'Absurd,' Says Ritter's Attorney

Grand Junction Daily Sentinel | Charles Ashby | Posted 05.25.2011

Read More: John Suthers, Payday Lending, Coloradans for Payday Lending Reform, Bill Ritter, Craig Welling, Colorado Attorney General, Denver News

Proposed new rules for payday lending companies are being attacked by the industry as well as people who want to see stricter regulations. Gov. Bil...

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