Payday Loans Are Bleeding American Workers Dry

We've all seen the ads. “Need cash fast?” a speaker asks. “Have bad credit? You can get up to $1,000 within 24 hours.” The ad then directs you to a sketchy-sounding website, like 44cash.com, or a slightly-less-sketchy-sounding business, like PLS [...]

Payday Loans Are Bleeding American Workers Dry2019-05-21T14:08:51-04:00

Federal Action Against Payday Loans Picks Up

The Consumer Financial Protection Bureau, which began supervising the payday loan industry in January 2012, has begun rein in abuse, producing a report critical of the industry and requiring two payday businesses to provide refunds and pay million-dollar fines. The [...]

Federal Action Against Payday Loans Picks Up2019-05-21T15:30:54-04:00

New York Prosecutors Charge Payday Loan Firms with Usury

A trail of money that began with triple-digit loans to troubled New Yorkers and wound through companies owned by a former used-car salesman in Tennessee led New York prosecutors on a yearlong hunt through the shadowy world of payday lending. [...]

New York Prosecutors Charge Payday Loan Firms with Usury2019-05-21T15:38:46-04:00
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