Tags » PayDay Lending

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

High Interest in Easy Money

Living paycheck to paycheck is a scary fact of life for many Americans. Without any substantial savings, an emergency or accident can land a serious blow to a family counting on that next paycheck going towards housing and food, not something like hospital bills. 511 more words

Los Angeles County Takes Stand Against Predatory Payday, Car Title, Installment Lending Practices, Urges Strong CFPB Rules

Editor’s note: If your organization would like to support strong consumer protections being included in the new CFPB rules for payday, car title, and high-cost installment loans, please contact Liana Molina (liana AT calreinvest.org) at CRC and she can help.   1,232 more words

California Reinvestment Coalition News