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Payday Loans

Is This Email I Got About an Old Debt for Real?

Steve Rhode | Posted 09.22.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, Out of the blue I received the attached e-mail. Now I know from reading the Fair Credit Act, that this m...

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 ...

Zach Carter

House Republicans Are Trying To Make Money Laundering A Lot Easier

HuffingtonPost.com | Zach Carter | Posted 09.19.2014 | Politics

WASHINGTON -- House Republicans are agitating to dramatically curb federal bank regulators' ability to combat money laundering, calling for changes in...

Payday Lenders - The Sharks We Can Live Without

Jim Lardner | Posted 08.22.2014 | Business
Jim Lardner

The sharks we have in mind, meaning no disrespect to the cartaliginous fish of the same name, are people like W. Allen Jones, CEO of Check Into Cash, a Tennessee-based company that operates an estimated 1,100 payday loan and check cashing shops in 29 states.

Like Payday Loans, Lawsuit Loans Increasingly Coming Under Fire

Sara Warner | Posted 08.20.2014 | Politics
Sara Warner

With civil courts underfunded and litigation increasing, even simple cases are going to take years and years to attain their day in court. And the structure of these loans become truly predatory as the cases linger.

Jesus Drove Usurers From The Temple. We Allow 500-percent Interest Payday Loans. Where Are The Christians?

Ian Reifowitz | Posted 08.13.2014 | Politics
Ian Reifowitz

First, let's start with the good (if you can really call it that) news: A trail of money that began with triple-digit loans to troubled New Yo...

5 Ways To Protect Yourself From Payday Loan Scams

NextAdvisor.com | Posted 08.12.2014 | Money
NextAdvisor.com

Need cash fast? You aren't alone. Many people find themselves in a bind with payday looming far ahead. Payday loan services offer the cash you need right away. However, it is important not to let the allure of fast money get in the way of your common sense.

New York Cracks Down On Payday Lenders

Reuters | Posted 08.12.2014 | Business

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

Can a Post Office Be a Bank?

John Harrington | Posted 08.11.2014 | Impact
John Harrington

Instead of privatizing the post office, there may be a better way to raise revenue for the post office by providing financial services for many who need access to credit and short-term capital.

Financial Parasites Are Still With Us, But Hopefully Not for Long

John Harrington | Posted 07.27.2014 | Business
John Harrington

Almost four years ago, I wrote about a new non-profit check cashing and payday lender that opened in the Fruitvale area of Oakland, California in the ...

Making Banking Work for Everyone

Keith Mestrich | Posted 06.18.2014 | Money
Keith Mestrich

Some of the most important pathways to middle class American life become out of reach when one has little or no credit history. Buying a car or house, or sending a child to college can become close to impossible.

Zach Carter

We Can't Stop Watching These Congressmen Babble About Nothing

HuffingtonPost.com | Zach Carter | Posted 04.10.2014 | Politics

WASHINGTON -- On Tuesday, the House Financial Services Committee held a three-and-a-half-hour hearing on financial fraud and consumer protection. Cong...

Zach Carter

What Do Chase Bank, Condoms, The Tea Party, And Petty Fraud Have In Common?

HuffingtonPost.com | Zach Carter | Posted 03.31.2014 | Politics

In mid-March, a division of JPMorgan Chase rejected an application to process payments for the fledgling New York City condom company Lovability, citi...

Warren's Post Office Proposal: Palast Aims at the Wrong Target

Ellen Brown | Posted 05.18.2014 | Business
Ellen Brown

Investigative reporter Greg Palast is usually pretty good at peering behind the rhetoric and seeing what is really going on. But in tearing into Senator Elizabeth Warren's support of postal financial services, he has done a serious disservice to the underdogs.

How to Turn the Payday Lending Anchor Into a Lifeline

Debbie Matz | Posted 03.08.2014 | Business
Debbie Matz

To see a television advertisement for a business offering payday loans is to see payday loans advertised as a lifeline: a way for a financially strapped family to cover an unexpected expense. But that's not actually how most payday loans are used.

2 Women Who Hold the Key to our Economic Future

Sanjay Sanghoee | Posted 03.04.2014 | Politics
Sanjay Sanghoee

As the role of women expands and becomes increasingly important in the business world, it is essential for their perspectives and ideas to be reflected in the highest office in the land.

Payday Lender Figures Out Sketchy Way To Dodge Law

ProPublica | Paul Kiel | Posted 09.04.2013 | Business

Alarmed by the explosion of high-cost lending in the state, cities across Texas have passed ordinances to prevent the cycle of debt that short-term, h...

Six Federal Agencies Are Investigating Online Payday Lenders

The Center for Public Integrity | Posted 10.08.2013 | Business
The Center for Public Integrity

The Justice Department and the Consumer Financial Protection Bureau have sent civil subpoenas to dozens of financial companies, including the online lenders, many of which are located on Indian reservations to avoid complying with consumer protection laws.

7 Huge Mistakes Back-to-School Shoppers Make

Adam Levin | Posted 10.08.2013 | Business
Adam Levin

If you have kids in school -- K through 12 or college -- you don't need anyone to remind you that back-to-school season has arrived. Between those early-season sales and last-minute shopping, there's plenty of potential for trouble in the realm of personal finance.

How Payday Lenders Bounce Back When States Crack Down

ProPublica | Paul Kiel | Posted 08.07.2013 | Business

A version of this story was co-published with the St. Louis Post-Dispatch.In 2008, payday lenders suffered a major defeat when the Ohio legislature ba...

Church Of England Makes Good

Religion News Service | Trevor Grundy | Posted 07.30.2013 | Religion

CANTERBURY, England (RNS) Archbishop of Canterbury Justin Welby said he was embarrassed and irritated following revelations that the Church of England...

Why My Late Bookmaker Father Would Not Like Payday Lending

Don McNay | Posted 09.27.2013 | Business
Don McNay

My father was a bookie and professional gambler who worked in several of the area's "hot spots." In a town full of hustlers, prostitutes and gamblers, the profession they looked down on was loan sharking.

The Sketchy Business That's Costing The Economy $1 Billion

CNBC | Mark Koba | Posted 05.05.2013 | Business

CNBC: Payday loans cost the U.S. economy nearly $1 billion and thousands of jobs in 2011, according to a report from the Insight Center for Communi...

Not So Little 'So What'

Ellen Schloemer | Posted 06.08.2013 | Business
Ellen Schloemer

In my experience, there are some financial practices that reasonable people agree are just plain wrong.

Dimon Is Forever

Christopher Brauchli | Posted 05.30.2013 | Politics
Christopher Brauchli

JP Morgan Chase did a good thing and everyone should applaud. Its good thing was noted at the same time its bad things were making news. A good thing too. The good thing came within days of Senate hearings that would have caused all but Jamie Dimon to think there was little good to be said for the institution.