Payday Lending Loopholes
Takoma Park Financial reform for consumers has been in deep water and drowning ever since Rep. Barney Frank nixed the White House inserted CRA protection from the bill, but in the “something is better...
View ArticleLaundry List for new Consumer Bureau
New Orleans After much sound and fury the Obama Administration seems to have slipped Professor Elizabeth Warren in through the side door of the White House to setup the new Consumer Financial...
View ArticlePayroll or Payday Loans? Predatory Rates Sweeping Brazil & Mexico Credit Markets
New Orleans For working families payday loans pretty much define predatory lending. A family desperate for money takes a loan against their next paycheck. In years of campaigns ACORN Canada has won...
View ArticlePayday Lending is All About the Pyramiding the Loan, not the Payday
Little Rock With the admissions that the bigger-than-God-and-government banks are skimming gazillions in profits from predatory payday loans, some welcome sunlight is shining on the dark caves of...
View ArticlePredators Cashing in on the Wild West of the Internet
New Orleans The on-going fight against predatory and payday lenders is becoming a whack-a-mole operation. Every time we put a cap on them in one state or province or another, too many of them just...
View ArticleRegulating Payday Lenders Out of Our Neighborhoods Like Porn Shops and Liquor...
Houston Payday lenders are by definition predatory no matter how they try to spin the story. Driving in torrential, blinding rains yesterday from Dallas to Houston, I listened to an ad from ACE...
View ArticleHow Can We Get the “Rip Us Off Now” Sign Off Our Back?
New Orleans I just have to wonder why when we are in a period of historic wealth and income concentration at the top, there are so many outfits trying to rip off low-and-moderate income families at...
View ArticleBanks are Building “Credit Deserts” in Birmingham and Elsewhere
Edinburgh We have real deserts like Sahara, the Gobi, Mohave, or Chihuahuan in the world. We have food “deserts” in many lower income communities with little choice but mom-and-pops, corner stores,...
View ArticleThe Human Face of Payday Lending
http://ottawacitizen.com/news/local-news/activists-fight-against-high-concentration-of-payday-loan-outlets-in-vanier Little Rock People can read the reports of banks cutting back on small business...
View ArticlePayday Lending is a Huge Money Maker for Big Banks
New Orleans The Consumer Financial Protection Bureau (CFPB) released a recent report in the United States with the boring title “Online Payday Loan Payments,” but despite that, wake-up, this is...
View ArticleThe Paradox and Problem of Payday Lending
New Orleans Here’s an irony that is stark, yet impossible to really appreciate or enjoy. The Atlantic billed its most recent issue as “The Money Report.” The cover article was built around the premise...
View ArticleFinally, Real Action on Predatory Payday Lenders in the USA
New Orleans Well, now we’re talking! The Consumer Finance Protection Bureau (CFPB), what a name, is stepping up big time with new rules to rein in predatory practices of payday lenders. Just because...
View Article
More Pages to Explore .....