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Tag Archives: predatory lending
Here’s How The Nation’s Two Largest States Plan To Crack Down On Predatory Lending
By Alan Pyke View image | gettyimages.com Predatory lenders thrive in Texas, where regulations are scarce on stores that offer payday advance loans and allow borrowers to put their cars up as collateral for high-cost, short-term credit. But a trio … Continue reading
Posted in News from the Soul Brother
Tagged business, California, economy, money, Payday loan, predatory lending, Texas
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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
Posted in News from the Soul Brother
Tagged check cashing, direct deposit, Financial services, money, Payday loan, poor, predatory lending
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The New Financial Scam Driving Workers Deep Into Debt
By Dave Johnson If you can lure people into borrowing then you own them, sometimes literally—it’s a game as old as money itself. Regular people don’t know much about money, loan terms or the trap of debt-slavery. This enables predators … Continue reading
Posted in News from the Soul Brother
Tagged credit, debt bondage, economy, lending, money, Payday Loans, predatory lending, workplace loans
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Congress to Pentagon: Save the Troops From Predatory Lenders
By Erika Eichelberger Six years ago, a major Pentagon investigation revealed that shady lenders were taking advantage of active-duty military by roping them into high-risk loans with astronomical interest rates. The Military Lending Act (MLA), which Congress passed in 2007, … Continue reading
The 182 Percent Loan: How Installment Lenders Put Borrowers in a World of Hurt
By Paul Kiel One day late last year, Katrina Sutton stood at a gas pump outside Atlanta and swiped her debit card. Insufficient funds. But that couldn’t be. She’d been careful to wait until her $270 paycheck from Walmart had … Continue reading
