Updates
Updates
Consumer Protection Agency Seeks Limits on Payday Lenders
In the world of consumer finance, they are chameleons: payday lenders that alter their practices and shift their products ever so slightly to work around state laws aimed at stamping out short-term loans that can come with interest rates exceeding [...]
Why You Should Tell Your Children How Much You Make
When Scott Parker wanted his six offspring to know more about the value of money, he decided to do something that many parents would consider radical: show them exactly what he earned. One day, he stopped by his local Wells [...]
Surge in Subprime Loans Linked to Cars Draws Regulatory Scrutiny
It is a tempting offer: Convert that beaten-up car in the driveway into hard cash with a simple loan. But car title loans, which allow owners to borrow money against their cars, are having devastating financial consequences for a growing [...]
Poor Communities Lose Billions to Predatory Lenders
Predatory lenders continue to target poor, Black and Latino communities, siphoning off $103 billion in fees and interests every year, and the rest of us are paying for it, according to a recent report by United for a Fair Economy. [...]
Mobile Apps Build Financial Inclusion Among Unbanked Americans
If you’re among the unbanked in America and you own a smartphone, that little device could be your onramp to the financial mainstream. Mobile apps may encourage the use of traditional banking services, according to a Federal Deposit Insurance Corp. [...]
How Expensive It Is To Be Poor
This month, the Pew Research Center released a study that found that most wealthy Americans believed "poor people today have it easy because they can get government benefits without doing anything in return." "Easy" is a word not easily spoken among [...]
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