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Payday Loans

Making Banking Work for Everyone

Keith Mestrich | Posted 04.18.2014 | 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 03.18.2014 | 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.

Conceiving a Socially Conscious Enterprise? Consider This

Neil Parmar | Posted 05.26.2013 | Impact
Neil Parmar

Curious about what youth-driven, socially conscious ventures might get hatched tomorrow?

Mark Gongloff

Big Banks Charging 300 Percent Interest

HuffingtonPost.com | Mark Gongloff | Posted 03.22.2013 | Business

Step aside, Tony Soprano: Big banks will now lend money at 300 percent interest without threatening to break a leg. Then again, the payday loans so...

JPMorgan Takes Payday Lenders To Task

AP | CHRISTINA REXRODE | Posted 03.20.2013 | Business

NEW YORK -- JPMorgan Chase said Wednesday that it will take steps to protect its customers from fees and other charges that payday lenders may slap on...

Big Banks Aid In Payday Loans Banned By State

www.nytimes.com | Posted 04.26.2013 | Business

Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes ex...

Common 'Cents': Money Tips for the Working Poor -- Avoid Financial Traps

Ryan Mack | Posted 03.24.2013 | Business
Ryan Mack

If you saw a check cashing store, a corner store loaded with pre-debit cards for sale, a Rent-A-Center and a payday loan facility, would you think you were in Beverly Hills? Of course not! The answer lies in the basic premise of capitalism -- go where you can "capitalize" on opportunity.

Payday lenders agree to stop 'deceptive and illegal' practices

The Center for Public Integrity | Posted 03.06.2013 | Business
The Center for Public Integrity

By David HeathThe Center for Public IntegrityControversial lenders that claim to be owned by Indian tribes and offer payday loans over the Internet ...

6 Loans You Can Actually Get & How to Use Them

Credit.com | Posted 03.06.2013 | Money
Credit.com

By Mitchell D. Weiss There are lots of cash-strapped consumers out there who, for all practical purposes, are closed out of many traditional credit p...

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.

Your Bank May Owe You Money

Preeti Vissa | Posted 11.27.2012 | Money
Preeti Vissa

If you are a homeowner facing foreclosure or who has been foreclosed upon, it may look like nothing has been done to help you.The good news is that many steps have been taken to bring help to people who need it. The bad news? They don't matter unless we take advantage of them!

New Name for Payday Won't Fix It

Ellen Schloemer | Posted 10.29.2012 | Money
Ellen Schloemer

Payday lenders know their name is mud. That's why they've started calling themselves "nonbank lenders" -- nixing any mention of "payday," in hopes a name change will help shed their loan-shark image.