Latest Payday Loan News
By DOUGLAS MCGRAY
 Many low-income Americans were wary of banks even before the latest round of failures and takeovers. Is a semi-reformed payday lender the right guy to bring the urban poor into the banking system?.. more>>>
By MICHAEL LIND
The United States should go back to using the one government institution that is found in most neighborhoods the post office as local savings bank... more>>>
By BOB DRIEHAUS
To aid borrowers, Ohio lawmakers push for new regulations capping payday loans... more>>>
By DAVID BROOKS
The most rampant decadence today is financial decadence, the trampling of decent norms about how to use and harness money... more>>>
By RON LIEBER
 How likely is it that an identity thief can do you real harm? And do you need to pay $100 a year for protection?.. more>>>
By AMANDA M. FAIRBANKS
Women in Queens are the first U.S. clients of Grameen Bank, the international organization that pioneered “microloans” to third world entrepreneurs... more>>>
By THE ASSOCIATED PRESS
Atty Gen Dustin McDaniel moves to shut down payday lending companies in Arkansas, saying fees they charge harm working poor and violate state Constitution's ban on high-interest loans .. more>>>
By THE ASSOCIATED PRESS
Officials in Oceanside, a military community near Camp Pendleton, approved restrictions on money-lending shops after complaints that troops were getting into debt. The City Council voted, 5 to 0, to require new payday lenders to obtain a special operating permit that requires approval by the Council. Such stores will be classified as adult businesses, much like pornographic bookstores, and will not be allowed within 1,000 feet of a similar business or 500 feet of a home, church, park or school... more>>>
By JOHN LELAND
Nick Sloan, a captain in the Air Force, was $68,021.35 in debt when he decided to go to Iraq, where he receives extra pay and has minimal living expenses... more>>>
By JOHN LELAND
Nonprofit groups are stepping into an industry that has been widely criticized as predatory but that has reached as many as one in 20 Americans... more>>>
By ROURKE L. O'BRIEN
Mayor Michael Bloomberg must adapt his antipoverty plan to the needs and realities of low-income New Yorkers... more>>>
By STUART ELLIOTT
 A coalition of organizations plans to introduce a marketing campaign comparing the effects of so-called unfair lending practices with the havoc wreaked by natural disasters... more>>>
By ROBERT H. FRANK
Outrage directed at payday lenders cannot prevent the hardships it has created. A more deserving target would be legislators who have steadfastly resisted campaign finance reform... more>>>
By ERIK ECKHOLM
 Short-term “payday loans,” which charge high interest rates for quick cash, are effectively banned in 11 states but are flourishing in the other 39... more>>>
Thousands of American troops are being barred from overseas duty because they are so deep in debt that they are considered security risks... more>>>
|