Tech Companies Want to Replace Payday Loan Shops
High-interest loans are predatory whether you get them at a corner store or in an app.
Browsing Tag
Payday Lenders
6 posts
Will the Fed Ever Be Able to Stop Payday and Other High-Cost Lenders?
New rules put forward by the Consumer Financial Protection Bureau would have a major impact on the high-cost loan industry. But if history is any guide, lenders will quickly find some loopholes.
Can Alabama Crack Down on Predatory Lending?
With skyrocketing annual interest rates on payday loans, borrowers often don’t have enough money left over to cover rent and groceries.
The Link Between Payday Lenders and High Crime Rates
They seem to go hand in hand, but it's unclear which comes first.
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.