Predatory lending might sound like a finance buzzword, but its impact is all too real. Picture signing up for a loan that seems like a quick fix, only to discover hidden fees and sky-high interest ...

Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle ...

Washington, D.C. — On September 12, 2024, the Consumer Financial Protection Bureau (CFPB) filed a request for a permanent ban to be issued against student loan servicer Navient, citing repeated ...

The private equity firm controlled a network of 25 companies that extended predatory loans to over 1,000 small businesses in the state. The judgement marks the largest single-state consumer settlement ...

High-cost subprime mortgage loans are widespread in Washington and in Prince George's County, raising the possibility that borrowers might be targets of predatory lending, a study released this week ...

Usury is the practice of lending money at an exorbitantly high rate, so high that any reasonable person would find the rate to be unconscionable, even immoral. Every state in the union has laws to ...

Coastal Enterprises Inc.'s February report on predatory mortgage lending shows that predatory lenders are active in Maine. It also says that state law is not protecting Mainers from these lenders.

Payday loans in our community are like seawater to the thirsty — they may seem like relief at first, but ultimately cause more harm than help. Recently, an op-ed was published (“Dunleavy was right to ...