Congress Moves to Protect Service Members from High-Cost Credit Products
Thanks to provisions included in the National Defense Authorization Act for FY 2013, service members will be better protected against abusive interest rates and loan security requirements in connection...
View Article“Deposit Advances” Land People in the Same Bad Place as Payday Loans, Senate...
When Wells Fargo turned down Annette Smith, a 69-year old widow living off of social security, for a small personal loan to get her car fixed, the bank recommended its online Deposit Advance Program....
View ArticleHo! Ho! Ho! A Season of Opportunity for Payday Lenders
The holidays are upon us, and for many this is a season of financial stress and strain as well as joy – a time when the need for an extra couple of hundred dollars can seem especially acute. For...
View ArticleUnderstanding the SAFE Act
Payday lenders may seem to be everywhere, but they were not always there. The first payday stores opened in the early 1990s – a byproduct of the same anything-goes deregulatory mania that led to a wave...
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