RSS

payday lending

DAYEN-RENTABANK.jpg

John Giles/Press Association via AP Images

A new proposed rule would allow ‘rent-a-bank’ schemes that could permit unlimited interest rates on loans as long as they come via a chartered bank Read more

Money, Politics and Power

Dayen-payday AZ.jpg

Ross D. Franklin/AP Photo

In Arizona, the industry has a bill that would block minimum wage increases, because when people don’t have money, they need short-term loans. Read more

Money, Politics and Power

Moran 1001719 Freddie Mac.jpg

J. David Ake/AP Photo

ZestFinance is implicated in high-cost payday lending and backed by Peter Thiel. It’s now working with a government-sponsored mortgage giant. Read more

Money, Politics and Power

ap_17048676328381_2.jpg.jpe

AP Photo/Nati Harnik

The government shutdown reminded us that millions of Americans live paycheck-to-paycheck—which payday lenders will only continue to exploit if the CFPB has its way. Read more

Economic Policy

ap_100407113412.jpg.jpe

(AP Photo/Ross D. Franklin)

A deregulatory push led by top-level Republicans could turn back the clock to the heyday of predatory lending. Read more

Economic Policy

ap100407113438.jpg.jpe

AP Photo/Ross D. Franklin

The new rules are good, but could be better. Read more

Economic Policy

Concern over the predatory practices of the payday lending industry has forged an unorthodox partnership in Virginia between religious, consumer-rights, and anti-poverty groups. Read more

Article