The article discusses the impact of what payday loans and payday loan companies upon African Americans and Hispanic Americans as of Spring 2013. It examines whether payday loans are predatory in nature, the financial consequences of payday loans, and the economic background of most payday loan ...
Loan sharks do not require background checks or credit reports. They will lend large sums of money with the intention of gaining high levels of interest in a short time. Loans from loan sharks charge interest rates far above any regulated rate. For example, a loan shark might lend $10,000...
This paper calls for the government to reconsider its position on the high interest rates associated with payday loans and set a cap on the cost of credit. It also recommends that the government give the newly created Financial Conduct Authority the power to do this in November 2013, not Apri...
PS100 Letter IF I could have one wish for 2013 it would be to see the end of payday loan firms. I was shocked to read in last week's Sunday Mirror how one, The Cheque Centre, hounded a man in hospital for money after he tried to commit suicide over his rising debts....
Byline: LESLEY CAMPBELLDaily Record (Glasgow, Scotland)
Jim Kiser: Payday-loan sharks target militaryMy opinion Jim Kiser
Consumer Financial Protection Bureau (CFPB) will ensure nonbank financial institutions and the payday industry comply with federal consumer financial laws. How the CFPB can protect consumers from predatory payday lending, which is financed ...
House votes to close payday loan loophole ; Dayton critic says bill would force poor people to go back to the loan sharks.Laura A. Bischoff Columbus Bureau
Sharks Attacked; WATCHDOG TELLS 50 PAYDAY LOAN FIRMS TO CLEAN UP ACT OR GET STRIPPED OF LICENCESByline: ANDREW PENMAN and NICK SOMMERLAD investigate@mirror.co.ukThe Mirror (London, England)
The Unbanking of America: How the New Middle Class Survives by Lisa Servon Houghton...Colarusso, Laura