The Consumer Financial Protection Bureau is taking aim at the practice of borrowers exchanging the title of their vehicle for a small-dollar loan.
personal debt
Posted inEconomic Policy
It’s Natural That People Feel Bad About the Economy Right Now
Look past the headline numbers and the story begins to emerge. Whether Biden’s strategy can outlast this rough patch is another question.
Posted inHealth and Social Policy
Federal Agencies Investigating Medical Payment Products
The initiative is the Biden administration’s latest move in the fight against junk fees.
Posted inEconomic Policy
Predatory Lending’s Prey of Color
Black and Latino borrowers are more likely to get trapped in cycles of debt, because they have few other options for dealing with structural poverty.
Posted inEconomic Policy
Buy Now, Pay Later Customers Face Financial Precarity
A new report from the Consumer Financial Protection Bureau details the financial profiles of BNPL borrowers.
Posted inEconomic Policy
Buy Now, Pay Later Overextends and Spies on Consumers
A new report released by the Consumer Financial Protection Bureau uncovers some concerning practices from buy now, pay later companies.
Posted inEconomic Policy
Why Obama-Era Economists Are So Mad About Student Debt Relief
It exposes their failed mortgage debt relief policies after the Great Recession.
Posted inEconomic Policy
Larry Summers Holds Positions With Numerous Financial Bottom-Feeders
The online, often predatory lending companies benefit from lower-income Americans needing emergency cash. That aligns with Summers’s concern trolling about an ‘overheated’ economy.
Posted inMoney, Politics, and Power
House Democrat Leading Effort Against Key Consumer Protection
Rep. Josh Gottheimer is lobbying against a resolution that would end the practice of predatory lenders charging astronomical interest rates on consumer loans.
Posted inPolitics
House Republicans Repudiate Their Military Constituents
New caucus chair Elise Stefanik leaves her Fort Drum constituents at the mercy of debt collectors.