Tags » PayDay Lending

Payday Lending and the Church

A week or so ago, the small group I lead watched this video at the suggestion of some of the pastors at my church. I had planned to write a little more about it, but haven’t really found the time. 307 more words

Christian Life

Illinois Sues Payday Lender For Forcing Employees To Sign Non-Compete Agreements

The state of Illinois has filed a lawsuit against payday lender Check Into Cash, but not for its short-term lending practices. Instead, the company is accused of exploiting its low-wage employees by forcing them to sign non-compete agreements that restrict their ability to find jobs elsewhere. 498 more words

Retail Services

Civil Rights Leaders, Clergy Support Federal Crackdown on Payday Lending

After five years of field hearings, town hall meetings, multiple research reports, and over one million comments, the Consumer Financial Protection Bureau (CFPB) has announced a new rule to rein in predatory payday and car-title loans. 715 more words

Community

Operator Of Payday Lending Venture Found Guilty Of Racketeering, Other Charges

Nearly two years after federal authorities arrested the man behind the company responsible for one of the scammiest payday loans Consumerist has ever seen, the man and his lawyer were convicted of racketeering related to running a $3.6 million online payday lending operation that exploited more than 4.5 million people.  994 more words

Financial Products

Where Do You Stand On Payday Lending?

More than any other mandate imposed by the CFPB, your opinion about what it accomplished yesterday by severely restricting the payday lending industry  depends on what you think the financial industry can and should do to help consumers. 883 more words

Regulatory

Financial Protection Bureau Finalizes New Rules To Curb Predatory Lending, But Will Congress Let It Happen?

In an effort to rein in short-term, high-cost loans that often take advantage of Americans who need the most help with their finances, the Consumer Financial Protection Bureau has finalized its new rule intended to make these heavily criticized financing operations to be more responsible about the loans they offer. 1,778 more words

Government Policy

This Government Agency Is Seriously Overstepping Its Bounds

The Consumer Financial Protection Bureau (CFPB) has a mission: to protect consumers from unfair, deceptive, or abusive practices. According to a new national poll by the Cato Institute in collaboration with YouGov, protection from deceptive practices is just what the American public wants. 709 more words

Commentary