You Searched For "predatory lending" and got 20 results
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4 mins read
Inside the scandal-ridden for-profit education industry, which churns out quick degrees and loads student-loan borrowers up with debt
There's a reason lawmakers are increasing scrutiny over for-profit colleges: it largely boils down …
Ayelet Sheffey
3 mins read
Apple's buy-now-pay-later rival to AfterPay. A lawyer who helps victims of predatory lending says Apple could use the data it has on you to push reckless spending.
A lawyer who represents victims of predatory lending said Apple's entrance into Buy Now, Pay Later …
Rosie Bradbury
2 mins read
Biden's Education Dept. just hired Elizabeth Warren's student-loans expert, who studied predatory lending at Harvard
Warren cited Toby Merrill's research, from Harvard's Project of Predatory Student Lending, that Bid…
Ayelet Sheffey
3 mins read
Here’s why India hasn’t joined the multi-billion dollar ‘21st century Silk Road’ regional connectivity project
China’s regional forum for its Belt and Road Initiative (BRI) - dubbed the “21st Century Silk Road”…
4 mins read
RBI tightens norms for Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…
5 mins read
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
3 mins read
Predatory banks rake in billions of dollars in overdraft fees from their poorest customers every year. The Consumer Financial Protection Bureau is trying to put a stop to it.
Over the years, banks have layered a number of financial complexities on top of their overdraft pol…
Paul Constant
1 min read
GOP Congressman Says There's No Such Thing As Wall Street Crime
Though, the congressman went on to decry bank bailouts, and added that individual financial decisio…
Steven Perlberg
1 min read
New Research Says The Subprime Crisis Would Have Happened Even Without Predatory Lending
An upcoming study in the Journal of Financial Economics found that "predatory lending was responsib…
Steven Perlberg
3 mins read
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
2 mins read
Some student-loan borrowers with private debt have a chance to get their balances wiped out — but they have to ask for it
Student-loan company Navient has a process for borrowers with private debt to apply for relief if t…
Ayelet Sheffey
2 mins read
Why thousands of defrauded student-loan borrowers are still waiting for the debt cancellation they were promised over a year ago
The Sweet v. Cardona settlement said defrauded student-loan borrowers were entitled to debt relief …
Ayelet Sheffey
3 mins read
Trump's pardoning of a Kushner-linked drug smuggler undercut a larger DOJ investigation
On his last day in office, Trump pardoned Jonathan Braun, a convicted smuggler, despite later calli…
Lloyd Lee
8 mins read
These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
Biden forgave student loans for borrowers who went to schools accused of fraud. Private borrowers a…
Ayelet Sheffey
2 mins read
Do not make student-loan payments if you're in one of these 3 groups of borrowers
Student-loan borrowers who are waiting for their debt to be discharged do not need to enter repayme…
Ayelet Sheffey
3 mins read
St. Louis is giving some families $500 a month. So far, it's helped them pay off debt and their bills, the city says.
St. Louis Treasurer Adam Layne said participants in the guaranteed basic income pilot program are s…
Kelsey Vlamis
3 mins read
Why 4 Arizona cities have emerged as havens from financial stress
A study found Arizona cities are among the least financially stressed in the US while Chicago, Hous…
Cork Gaines
2 mins read
Jonathan Braun, the drug smuggler Trump pardoned, once flew to California to beat an associate with a belt, prosecutors alleged
Trump's decision to pardon Drug smuggler Jonathan Braun at the end of his presidency derailed a Jus…
Sonam Sheth
2 mins read
Jonathan Braun, the drug smuggler Trump pardoned, once flew to California to beat an associate with a belt, prosecutors alleged
Trump's decision to pardon Drug smuggler Jonathan Braun at the end of his presidency derailed a Jus…
Sonam Sheth
3 mins read
Social Security, Medicare, and other key programs Americans rely on could become 'vulnerable' depending on an upcoming Supreme Court ruling, a former federal official says
On Tuesday, the Supreme Court will hear a case challenging the funding structure of the CFPB. A for…