Tags » PayDay Lending

FOS publishes annual review

FOS has published its annual review for 2016/17, a period which it described as ‘immensely demanding’. Similarly to previous years, FOS reported that much of its activity focused on PPI complaints, but this should finally reduce with the August 2019 time limit for potential claims. 229 more words

Investments

The People Are Speaking: Reform Payday Lending!

A recent set of reports from the well-known Pew Charitable Trusts indicates Americans have growing concerns about the payday

lending industry and its uprightness (if that is even a word).   87 more words

Consumer Protection

'Financial Choice Act 2.0' Would Eliminate Government's Ability To Go After Shady Payday Loan Operations

Even though recent surveys indicate that the overwhelming majority of Americans want more regulation of payday lending, federal lawmakers are attempting to strip the Consumer Financial Protection Bureau of any authority over these short-term, high-cost loans. 810 more words

Government Policy

Payday Loans Filling the Void

As payday lenders and check-cashing stores continue to feel the wrath of government regulation, it’s important to understand why they exist in the first place. 683 more words

Regulating Payday Lending

The federal government in the US is developing pioneering rules focused on the short-term, small-sum credit called as payday lending.

Though it appears to be an excellent idea, the plan proposed by the Consumer Financial Protection Bureau is not the method to do it. 419 more words

Finance

How the Other Half Banks: Exclusion, Exploitation and the Threat to Democracy (Baradaran)

Although you wouldn’t think that the history of banking would be exciting, much less the stuff of a musical, Baradaran presents a compelling narrative about how and why we got to the place where we are so far from the democratization of credit that our founders envisioned (and pretty much enacting the fears they anticipated). 145 more words

Non-fiction