Millions In U.S. Do Their Banking Without Banks, According To FDIC Survey
About 60 million adults do their banking at places other than banks, according to a new survey by the Federal Deposit Insurance Corporation....
About 60 million adults do their banking at places other than banks, according to a new survey by the Federal Deposit Insurance Corporation....
Don McNay | Posted 10.12.2009 | Business
I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.
Don McNay | Posted 11.29.2009 | Business
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.
startribune.com | CHRIS SERRES, Star Tribune | Posted 11.09.2009 | Business
A few of the nation's largest banks -- including Minneapolis-based U.S. Bancorp, Wells Fargo & Co. of San Francisco, and Fifth Third Bancorp of Cincin...
Slate Magazine | Ray Fisman | Posted 08.24.2009 | Business
There's been a lot of finger-pointing lately about who is to blame for the untenable financial circumstances of many American families. Among the usua...
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.
The Media Consortium | Posted 07.10.2009 | Politics
by Zach Carter, TMC MediaWire Blogger The banking lobby still holds enough sway inside the Beltway to torpedo sensible consumer protection rules, ev...
HuffingtonPost.com | Arthur Delaney | Posted 07.06.2009 | Business
Since last November, the Tompkins County Public Library in Ithaca, N.Y. has received a "cease and desist" order from an attorney general or a lawyer i...
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...
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 ...
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 05.23.2009 | Business
Who is the real Magic Johnson? The friendly guy who raises money for charities or the guy who encourages people to get high interest loans they don't need?
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 12.18.2008 | Business
I'm not sure where the payday lending businesses came from, but they populate poor neighborhoods everywhere. It's time to help people on the low end, too.
Vivian Norris de Montaigu | Posted 11.21.2008 | Business
We need to make communities strong again. Our local money does not need to be mixed in with some guy's hedge fund abstract tranche of nothing all to make a fee for some banker in New York.
NPR | Sam Sanders | Posted 12.06.2009 | Business