Payday Loans

What To Do When You're Getting Calls About Someone Else's Debt

Bankrate | Steve Bucci | Posted 05.10.2012

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...

Fake Collectors Use Payday Lender Info To Scare People Into Paying Debts They Don't Owe

The Huffington Post | Alexander Eichler | Posted 04.27.2012

Another day, another story of debt collectors acting shady. Some California residents recently started getting threatening calls from fake debt col...

Church Burns Credit Card Offers In Protest Of Predatory Lending

The Huffington Post | Harry Bradford | Posted 04.24.2012

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...

Payday Lenders Know You Gotta Spend Money To Make Money

The Huffington Post | Alexander Eichler | Posted 04.20.2012

Consumer advocates in Washington have pledged to battle payday lenders, the quick-cash loan shops that often charge ruinously high interest rates to p...

Report: Wells Fargo Extends Loans With Extremely High Interest Rates

The Huffington Post | Bonnie Kavoussi | Posted 04.17.2012

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...

Catherine New

This Couple Helped The FTC Bust Debt Collection Scam

HuffingtonPost.com | Catherine New | Posted 04.11.2012

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...

Catherine New

Where Do You Go When You Need $10,000?

HuffingtonPost.com | Catherine New | Posted 04.05.2012

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...

This Sneaky Trick Doesn't Work Anymore For Payday Lenders

The Huffington Post | Alexander Eichler | Posted 04.24.2012

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...

Ohio Republican Runs For Senate -- With Money From Bahamas Payday Lenders

The Huffington Post | Luke Johnson | Posted 03.14.2012

Josh Mandel, the Ohio Treasurer who is challenging Sen. Sherrod Brown (D-Ohio), traveled to the Bahamas last Friday to give a speech to payday lenders...

Catherine New

Stopping Lawless Debt Collectors From Harassing You

HuffingtonPost.com | Catherine New | Posted 03.01.2012

Cebilla DeCastro still disconnects her phone at night, afraid of the calls from creditors. The 48-year-old prep cook filed for bankruptcy in June 2...

Alabama's Largest City Looks For Alternatives To Payday Lenders

The Huffington Post | Alexander Eichler | Posted 02.10.2012

The biggest city in Alabama is putting its payday lenders on notice. Bankers and community leaders in Birmingham, Alabama met Thursday to discuss d...

Alexander Eichler

Almost Half Of U.S. Households Live One Crisis From Poverty, Study Says

HuffingtonPost.com | Alexander Eichler | Posted 01.31.2012

What does it mean to be poor? If it means living at or below the poverty line, then 15 percent of Americans -- some 46 million people -- qualify. B...

Ben Hallman

New Consumer Cop Picks First Fight With Big Banks

HuffingtonPost.com | Ben Hallman | Posted 01.20.2012

Picking his first public fight with the banking industry, Washington's top consumer cop, Richard Cordray, promised on Thursday that his examiners will...

President's Recess Appointment of Cordray Gives Watchdog Teeth It Needs

Ed Mierzwinski | Posted 03.09.2012

Ed Mierzwinski

Kudos to President Obama for standing up for consumers this week by making a recess appointment of Richard Cordray to head the new Consumer Financial Protection Bureau.

Eyes On Colo. As Tribes Take Over Predatory Lending

AP | By MATT VOLZ | Posted 12.27.2011

HELENA, Mont. -- An Indian reservation in the heart of Montana's farm country may seem an unlikely place to borrow a quick $600, but the Chippewa Cree...

Catherine New

Fee-Dependent Prepaid Card Maker Moves Into Banking

HuffingtonPost.com | Catherine New | Posted 11.29.2011

In the latest signal that the economic crisis has fundamentally changed the way Americans handle their money, the largest provider of prepaid debit ca...

Chris Kirkham

Senate Amendment Targets High-Interest Bank Loans To Soldiers

HuffingtonPost.com | Chris Kirkham | Posted 11.18.2011

For nearly five years, federal law has set strict guidelines on risky loans doled out to members of the military, after numerous reports documented ho...

In trouble from an online payday loan? You might not have to repay it

The Center for Public Integrity | Posted 11.30.2011

The Center for Public Integrity

By David Heath, iWatch NewsWayne Coons felt a sense of panic when he realized that the $350 payday loan he got over the Internet was costing him hun...

Payday lending bankrolls auto racer's fortune

The Center for Public Integrity | Posted 11.26.2011

The Center for Public Integrity

By David Heath, iWatch NewsScott Tucker used stealth to become a millionaire. Now the mysterious businessman from Kansas is spending his fortune to ...

The Trouble with Online Payday Loans

Daily Finance | Sheryl Nash | Posted 10.10.2011

If you're strapped for cash and need money quickly, an online payday loan can be tempting. But these high-interest loans can lead to financial trouble...

Banks Increasingly Use Payday Loans Despite Crackdown On Predatory Lending

The Huffington Post | Alexander Eichler | Posted 09.21.2011

Two years after the recession officially ended and one year after the creation of a landmark financial law meant to prevent another financial crisis, ...

Albany Considering Handing Check Cashers Blank Check for Predatory Lending

Jonathan B. Mintz | Posted 09.17.2011

Jonathan B. Mintz

A very dangerous bill has made alarming progress in Albany the last few legislative sessions and I fear more of the same in the next session.

Legalized Loan-Sharking: Is It Coming to New York?

Amy Traub | Posted 07.26.2011

Amy Traub

Payday lending has been denounced as "a scourge on vulnerable citizens" and condemned as "modern day usury." So why do some state legislators want to introduce these predatory financial products to NY?

Zach Carter

Payday Loan Kingpin Praises Elizabeth Warren

HuffingtonPost.com | Zach Carter | Posted 07.10.2011

This article has been updated WASHINGTON -- The Chairman of the nation's largest payday lending outifit is making the rounds in the nation's capita...

Why Are So Many Democrats Taking Campaign Contributions From Predatory Lenders?

Yashar Ali | Posted 07.09.2011

Yashar Ali

If you heard an elected official that you are supporting was accepting campaign contributions from tobacco companies, would you stop supporting them? ...