Payday Lending

Is Credit Evil?

Don McNay | Posted 09.29.2009 | Business


Don McNay

I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.

Arthur Delaney

Most Payday Borrowers Take On More Loans In A Hurry: Study

HuffingtonPost.com | Arthur Delaney | Posted 08.09.2009 | Business


Payday loans are touted as a useful financial product for middle-class households that just need a little help making ends meet in the short term. But...

Getting Rich and the Marshmallow

Don McNay | Posted 07.25.2009 | Business


Don McNay

We have a financial system that has played to people's weaknesses. We have allowed people who are prone to instant gratification to have as much credit as they could get their hands on.

Arthur Delaney

Consumer Advocates Ramp Up Effort To Ban Payday Lending (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 07.05.2009 | Politics


The Center for Responsible Lending has launched a website to bring to light stories of people who say they've been victimized by payday lenders. The s...

South Carolina Gov. Sanford Vetoes Payday Lending Bill

McClatchy | Roddie Burris | Posted 07.04.2009 | Politics


Gov. Mark Sanford issued a veto Tuesday to a much-debated payday lending bill that various lawmakers had described as the most important issue to come...

Online Lenders Fight Regulation (VIDEO)

David Murdock | Posted 07.03.2009 | Politics


David Murdock

Payday loan offices were sprouting up in strip malls across America for years before Wall Street collapsed last fall -- quiet evidence that hard times began hitting working families long ago.

Payday Lending Reform Defeated By Eight 'Present' Votes

Progress Illinois | Adam Doster | Posted 06.29.2009 | Chicago


The House Executive Committee rejected Rep. Julie Hamos' (D-Evanston) SB 1435, which would have established reasonable interest rate caps and fair fin...

Arthur Delaney

Online Loan Sharks Trap People Into Debt -- Then Disappear

HuffingtonPost.com | Arthur Delaney | Posted 06.21.2009 | Business


On Thursday the online payday lending industry wrapped up a three day-conference at a hotel near the White House, during which it courted senators and...

Arthur Delaney

Dodd Dinner With Online Payday Lenders Transforms Into Fundraiser

HuffingtonPost.com | Arthur Delaney | Posted 07.24.2009 | Politics


The Online Lenders Alliance, a lobby group for Internet payday lenders, is hosting a three-day conference in Washington, D.C. The agenda's highlights ...

A Fat Guy's Prediction: We Need Leadership or We Will Fall Off the Economic Wagon

Don McNay | Posted 06.19.2009 | Business


Don McNay

Unless someone is capable of changing the American psyche, people are going to go back to their old spending habits.

Arthur Delaney

Luntz Health Care Talking Points Become GOP Message

HuffingtonPost.com | Arthur Delaney | Posted 06.14.2009 | Politics


Mastermind of conservative talking points Frank Luntz has authored a 26-page report advising Republicans on how best to frame the debate over health c...

Magic Johnson and the Tax Refund Rip-off

Don McNay | Posted 05.08.2009 | Business


Don McNay

Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.

We Need a Rehab Program for Spenders

Don McNay | Posted 02.24.2009 | Business


Don McNay

The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.

Predatory Lending Gets a Boost from the NYT

Tram Nguyen | Posted 12.22.2008 | Business


Tram Nguyen

After the Pentagon documented the adverse impact of predatory lending on military personnel, Congress prohibited payday lenders from making loans to active duty service members.