Dear Abby: In light of the recent headlines about sub-prime lending, may I offer some advice to the tens of thousands of seniors who fall victim to predatory lending every year? Bet Tzedek — The House ...
Financial executives are looking at how to save people from themselves and the lending institutions that often, not always, prey on them. A panel at Benzinga’s Fintech Deal Day talked about the all ...
Predatory lending might sound like a finance buzzword, but its impact is all too real. Picture signing up for a loan that seems like a quick fix, only to discover hidden fees and sky-high interest ...
DES MOINES, Iowa (AP) -- States with laws against predatory lending have seen decreases in the high-interest loans targeted at consumers with poor or nonexistent credit ratings, according to a study ...
Springfield’s payday loan industry is thriving off its continuous exploitation of the working poor. Despite the passage of a local ordinance regulating predatory lending in 2020, people are still ...
In 2021 the Illinois-based Woodstock Institute supported that state’s 36% rate cap on many forms of consumer credit, including small dollar loans, claiming the cap would shut down predatory payday ...
The loss of a home is devastating to both the family and the community. For a family, owning a home is often their only piece of the “American Pie.” The equity from owning a home is often the only ...
Payday loans have been around since the early 1900s. Car title loans can have interest rates up to 300%, California AG and others try to crack down on "rent-a-bank" loans. Financial watchdog groups ...
Payday loans in our community are like seawater to the thirsty — they may seem like relief at first, but ultimately cause more harm than help. Recently, an op-ed was published (“Dunleavy was right to ...
The four banks have a combined 10 branches. Bank executive say the loans are a small part of their lending portfolio. Supporters of the loans say they provide credit to consumers with low credit ...