Skip to main content

Payday loans trap the borrower in an end...

Payday loans trap the borrower in an endless cycle of debt Predatory payday loans have been a scourge for many families in our community, yet at the state and national level, payday loan stores are more plentiful than McDonald’s. A quick trip through some of Shreveport’s poorest neighborhoods will give you a striking picture of […]

The Consumer Financial Protection Office...

Two recent actions that broadly support employer-based programs, observed risks for certain wage deduction practices Pay-on-demand providers have become increasingly common in employer-facilitated employee benefits in recent years to help employees avoid predatory alternatives like payday loans, late fees, and fees. for bank overdrafts. If employees need cash before a pay period, pay-on-demand providers transfer […]

The fine print of payday loans and buy n...

Vulnerable Australians are at risk of serious financial hardship from payday lenders and similar services, and more needs to be done to safeguard their rights when things go wrong. Payday loans, consumer leases, and “buy now, pay later” services such as Subsequent payment and ZipPay are not in the same legal framework as traditional credit […]

Shaming Wonga is great, but it won’t hel

JJust a few years ago, payday loans, which offered sky-high-interest loans to keep the borrower until the next payday, were a small business. Today it is worth over £ 800 million a year. Millions of our fellow citizens are so close to financial advantage that they will accept absurd interest rates, paying, say, £ 37 […]

Online Lenders Under Investigation by Re...

The New York Department of Financial Services is leading a multi-state investigation that could snag a Silicon Valley startup backed by Andreessen Horowitz and rapper Nas, The Post learned. The investigation, backed by 10 other state banking regulators and Puerto Rico, will focus on a new generation of online lenders charging people potentially usurious rates […]

Strengthen your financial resilience wit...

When your finances are strained, making the right money decisions is critical. To better navigate tough times, ask yourself these three questions. How much of an emergency fund is necessary? The answer Even a few hundred dollars can protect you. Don’t be discouraged if you don’t have an emergency cushion or if you feel very […]

Americans owe $ 9.86 trillion in mortgag...

Image source: Getty Images. While it does not influence our opinions about the products, we do receive compensation from partners whose offers appear here. We are on your side, always. See our full advertiser disclosure here. Collectively, Americans owe a lot of money. In fact, according to recent research by The Ascent, total family debt […]