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...
In my experience, there are some financial practices that reasonable people agree are just plain wrong.
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.
Curious about what youth-driven, socially conscious ventures might get hatched tomorrow?
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...
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...
Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes ex...
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.
By David HeathThe Center for Public IntegrityControversial lenders that claim to be owned by Indian tribes and offer payday loans over the Internet ...
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...
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.
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!
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.
Debt collectors can call you, hound you and make you feel like a lowlife, but here in America, they can't throw you in jail over your unpaid bills. Or...
It took an overdraft of $888,888.88 to stop one man’s zombie bank account. Four days after Richard Palmer Sr. died at 78, his surviving family me...
Adding banking services is an internationally proven way to maintain post office profitability.
The poorest Americans are stringing together multiple high-interest loans each year just to keep the lights on and food on the table, according to a n...
Dear Debt Adviser, I am a victim of identity theft. The person who stole my ID took out a payday loan and used a fake bank account number. I am now b...
Another day, another story of debt collectors acting shady. Some California residents recently started getting threatening calls from fake debt col...
Sometimes, more than incense and candles are burned at Church. Last Sunday, members of the First Baptist Church of Lincoln Gardens in New Jersey ga...
Consumer advocates in Washington have pledged to battle payday lenders, the quick-cash loan shops that often charge ruinously high interest rates to p...
Big banks are participating in a practice commonly associated with the use of big signs to lure vulnerable Americans. Wells Fargo, the country's b...
The police car was only 30 minutes away, the caller told Brenda Foster, 46. If she wanted to prevent her own arrest, she better cough up $300, ASAP, h...
Where do you go for a $10,000 loan when you have bad credit? Don't try a storefront lender. Some are closing their doors. Folks with spotty credit his...
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...
