Tag: predatory lenders
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Proposals Strip Away Payday Loan Rate Caps
By Charlene Crowell For most people who either work, receive retirement or other fixed benefits, it seems that your money always goes a lot quicker than it comes. While some economists marvel at Wall Street’s brisk trading and declare that the economy is better than ever, not everyone has been included. On Main Street America, ... -
Civil Rights Leaders Support Rules to Crackdown on Payday Lending
By Charlene Crowell After five years of field hearings, town hall meetings, multiple research reports, and over one million comments, the Consumer Financial Protection Bureau (CFPB) announced on October 5 a new rule to rein in predatory payday and car-title loans. “These protections bring needed reform to a market where far too often lenders have ...