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6 Outrageous Facts That Show How Payday Lenders Screw Consumers
Payday loan stores tend to aggregate in areas with higher rates of poverty. The six counties in Cal…
Hayley Peterson
Oct 25 2013 19:47 IST
How Marketers Use Big Data To Prey On The Poor
"The products companies described to the Committee include consumer profiles characterizing consume…
Aaron Taube
Dec 19 2013 17:49 IST
Payday lenders target communities of color. But fintechs offering small-dollar loans and flexible wages may help break the debt trap.
Fintechs offering small-dollar loans and early access to wages could help break minority communitie…
Shannen Balogh
Jun 30 2021 14:15 IST
A Rare 'Payday Lending' Case Sheds Light On A Mysterious Multibillion-Dollar Industry
The problem persists because payday lending companies find ways to skirt legislation in many states…
Corey Adwar
Aug 12 2014 18:38 IST
A Rare 'Payday Lending' Case Sheds Light On A Mysterious Multibillion-Dollar Industry
The problem persists because payday lending companies find ways to skirt legislation in many states…
Corey Adwar
Aug 17 2014 14:29 IST
Montel Williams won't be doing those short term loan commercials anymore
It appears MoneyMutual wasn't the only usurious player in the payday lending game, Lawsky's office …
Jonathan Marino
Mar 10 2015 16:18 IST
Thousands are flocking to a credit card that helps people repair their bad FICO scores and avoid payday loans
Without access to credit cards or traditional bank loans, these people have turned to alternative l…
Alex Morrell
Aug 25 2024 17:49 IST
These 5 paycheck-advance startups have attracted a big wave of VC funding. Here's a rundown of the fees they're charging to break you out of the 2-week pay cycle.
But in August 2019, the New York State Department of Financial Services announced it was leading a …
Shannen Balogh
Jan 24 2020 13:07 IST
The agency the White House just took over is about to feed us to loan sharks
The CFPB, created by Dodd-Frank legislation during the financial crisis, is tasked with keeping Ame…
Linette Lopez
Jan 17 2018 17:38 IST
Controversial payday lender Wonga cutting 325 jobs to save £25 million
"However, Wonga can no longer sustain its high cost base which must be significantly reduced to ref…
Lianna Brinded
Feb 24 2015 10:42 IST
Well Done, Washington! Your Stupid New Rules Have Made Banks Refuse To Serve Poor People
Clamping down on payday loans would make more sense if regulators had not made it harder for retail…
The Economist
Feb 18 2013 13:21 IST
In unearthed audio, payday lenders were caught discussing how to raise money for Trump's reelection in order to thwart new regulations
The webinar opens a window into the payday lending industry's strategy as it attempts to fend off t…
Joseph Zeballos-Roig
Oct 29 2019 16:57 IST
Judge says race car driver Scott Tucker owes $1.27 billion to the Federal Trade Commission for payday lending scheme
In a decision late on Friday, Chief Judge Gloria Navarro of the federal court in Las Vegas, Nevada …
Jonathan Stempel
Oct 03 2016 20:40 IST
Fintech Wagestream helps 50,000 furloughed staff access wages early as coronavirus ravages hospitality and travel
Wagestream, founded in 2018, has raised £59.5 million ($73 million) to-date from Balderton Capital …
Callum Burroughs,Callum Burro…
Apr 03 2020 11:06 IST
DailyPay, the payday advance startup used by Berkshire Hathaway and Six Flags, is launching a savings product to help customers break the paycheck-to-paycheck cycle
Founded in 2015, DailyPay's first product was a payroll advance feature where employees can draw on…
Shannen Balogh
Feb 26 2020 14:02 IST
This is why a lot of economists aren't sure payday lending is such a bad thing
Researchers have only begun to investigate the cause of rollovers, and the evidence thus far is mix…
Mike Bird
Oct 19 2015 12:36 IST
Britain's biggest payday lender is getting destroyed by regulation
"Following the end of the financial year we secured a €30 million debt facility, a major vote of co…
Matthew Nitch Smith
May 04 2016 09:58 IST
The high-frequency trading firm KCG is up 23% on a report Virtu Financial wants to buy it for $1.2 billion
KCG, founded in 2013 and based in New York, does high-frequency trading, electronic execution, inst…
Portia Crowe
Mar 15 2017 20:18 IST
I paid off $40,000 of student loans in 2 years thanks to 3 smart habits
By putting every spare dollar toward his student loan debt, he was able to pay back his student loa…
Eric Rosenberg
May 26 2020 18:49 IST