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 ...
The Federal Deposit Insurance Corporation (FDIC) Supervisory Policy on Predatory Lending (FDIC FIL-6-2007) describes certain characteristics of predatory lending and reaffirms that such activities are ...
Many Americans continue to find it challenging to keep up with the rising cost of living. Most Americans’ household finances feel insecure – especially people who live paycheck to paycheck with little ...
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.
Attorney General Letitia James has initiated a lawsuit against an extensive network of more than 40 lending companies, including notable entities like Yellowstone Capital and Delta Bridge Funding, ...
The Center for Responsible Lending has released a policy brief showing that app-based payday lenders are exploiting underpaid workers with usurious loans, and that Buy Now, Pay Later (BNPL) and Earned ...
The primary sponsor of a bill to reform predatory lending practices in South Carolina says recent reports of its death are at least somewhat exaggerated. “I think there’ve been some good discussions,” ...
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 ...
Petersburg City Council voted unanimously to pass more regulations on potentially predatory short-term loan establishments and limit the number of pawn shops allowed in the city during its meeting on ...
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