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How One State Succeeded in Restricting Payday Loans
In 2009, consumer advocates in Washington State decided to try a new approach to regulating payday loans. Like reformers in other states, they’d tried to get the legislature to ban high-cost loans outright — but had hit a brick wall. … Continue reading
The Payday Playbook: How High Cost Lenders Fight to Stay Legal
By Paul Kiel As the Rev. Susan McCann stood outside a public library in Springfield, Mo., last year, she did her best to persuade passers-by to sign an initiative to ban high-cost payday loans. But it was difficult to keep … Continue reading
Posted in News from the Soul Brother
Tagged bad loans, economy, loan, middle class, Missouri, money, Paul Kiel, Payday loan
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