by Paul Kiel, ProPublica, and Mitchell Hartman, Marketplace, May 15, 2013, 5:50 a.m.This story was co-produced with Marketplace. Listen to their cover...
By Paul Kiel ProPublica This story was co-produced with Marketplace. Listen to their coverage.One day late last year, Katrina Sutton stood at a ...
So here we are, just a few short years past one economic Doomsday, and we're back to encouraging youth to make a career buying and flipping homes for profit. Not just any homes, but the still smoldering wreckage of the housing bubble.
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.
The administration has just instituted new regulations to make life easier on homeowners who are making the difficult decision to sell a home for less than the value of the outstanding mortgage.
Military families are especially vulnerable to predatory lending schemes, which can ultimately lead to having their security clearances jeopardized or even being discharged.
What Wall Street and credit card companies are doing is really not much different from what loan sharks do who make predatory loans. They are destroying people's lives.
