Tag Archives: Financial services

When You’re Poor, Money Is Expensive

_By Derek Thompson Alex was doing the thing he loved most, singing and playing his acoustic guitar onstage when, after one show, he met Melissa. “We kinda hit it off,” Melissa said. “No kinda about it.” Alex corrected. “We just … Continue reading

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4 debt collection practices that need to change

By Gerri Detweiler Major changes may be coming to the debt collection industry. The Consumer Financial Protection Bureau (CFPB) published an announcement asking for comments on issues facing consumers and the industry, while it prepares to develop new rules around … Continue reading

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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

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