Is Credit Evil?
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.
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.
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...
Don McNay | Posted 07.25.2009 | Business
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.
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...
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...
David Murdock | Posted 07.03.2009 | Politics
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.
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...
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...
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 ...
Don McNay | Posted 06.19.2009 | Business
Unless someone is capable of changing the American psyche, people are going to go back to their old spending habits.
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...
Don McNay | Posted 05.08.2009 | Business
Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.
Don McNay | Posted 02.24.2009 | Business
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.
Tram Nguyen | Posted 12.22.2008 | Business
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.
Don McNay | Posted 09.29.2009 | Business