Should It Be Illegal to Provide Service Members With High-Cost Loans?
Acknowledging that a previous law did not go far enough, the Defense Department has proposed new rules to protect service members from high-cost lenders.
The Company That Became Known for Suing Soldiers Is Changing Its Name and Promising Changes
USA Discounters, pledging to change how it pursues military debtors, will now be known as USA Living.
The Overly Harsh and Out-of-Date Law That’s So Difficult on Debtors
A 1968 federal law allows collectors to take 25 percent of debtors’ wages, or every penny in their bank accounts.
The Gaps in Federal Law That Are Making It Easy for Lenders to Sue Soldiers
Courts are required to appoint attorneys for service members if they are sued and can’t appear. But the law says little about what those lawyers must do. Some companies have taken advantage.
Thank You for Your Service: How One Company Sues Soldiers Worldwide
With stores near military bases across the country, the retailer USA Discounters offers easy credit to service members. But when those loans go bad, the company uses the local courts near its Virginia headquarters to file suits by the thousands.
Protecting Our Service Members From High-Cost Lenders
Acknowledging that a previous law did not go far enough, the Defense Department says it needs to expand rules.
This High-Cost Lender Is Offering Cash for Free to Avoid the Law
TitleMax, one of the fastest growing high-cost lenders in the country, has found a clever way around laws passed by several Texas cities: offer an initial loan at zero percent interest.
How Payday Lenders Bounce Back When States Crack Down
In state after state that has tried to ban payday and similar loans, the industry has found ways to continue to peddle them.
The Payday Playbook: How High Cost Lenders Fight to Stay Legal
Last year, activists in Missouri tried to limit what high-cost lenders can charge. The ensuing fight exposed something that rarely comes into view so vividly: the high-cost lending industry’s ferocious efforts to stay legal and stay in business.