payday lenders

How the Predatory Tribal Lending Industry Has Survived

Joel Jacobs, Megan O’Matz / ProPublica Dec 27, 2024 Despite lawsuits, prosecutions and federal crackdown attempts, the tribal lending industry has adapted, providing exorbitant loans to financially vulnerable consumers. Dig deeper ( 10 Min. Read )

The Trump Administration Is Proving a Gift to Predatory Lenders

Anjali Tsui and Alice Wilder / ProPublica Jun 6, 2019 A new proposal by the federal Consumer Financial Protection Bureau is giving industry officials cause to celebrate. Dig deeper ( 16 Min. Read )

The Hamstringing of a Consumer Protection Agency

Jesse Eisinger / ProPublica Feb 16, 2018 The Consumer Financial Protection Bureau has quickly been subsumed into the Trump administration, and banks, student-loan agencies and payday lenders are the winners. Dig deeper ( 9 Min. Read )

John Oliver on Why You Should Resort to ‘Anything Else’ Before Taking Out a Payday Loan

Natasha Hakimi Zapata / Truthdig Aug 12, 2014 Payday loan providers have been around for 20 years or so, and in that time their growth rate has been exponential for one reason alone: The services they provide are a huge, undeniable, legal scam. Watch John Oliver and comedian Sarah Silverman explain why you need to avoid them at all costs. Dig deeper ( 1 Min. Read )

Payday Lenders

Pat Bagley, Cagle Cartoons, Salt Lake Tribune Apr 20, 2014 Dig deeper

Warren’s Post Office Proposal: Palast Aims at the Wrong Target

By Ellen Brown, Web of Debt Mar 13, 2014 Investigative reporter Greg Palast is usually pretty good at peering behind the rhetoric and seeing what is really going on. But in tearing into Sen. Elizabeth Warren’s support of postal financial services, he has done a serious disservice to the underdogs -- both the underbanked and the U.S. Postal Service itself. Dig deeper ( 6 Min. Read )

Elizabeth Warren Wants to Save the Post Office by Having It Replace Payday Lenders

Staff / Truthdig Feb 4, 2014 Sen. Elizabeth Warren endorsed a proposal by the United States Postal Service's inspector general over the weekend that could prevent the poor from having to shell out billions of dollars in fees and maybe even save the post office from sinking. Dig deeper ( 2 Min. Read )

Payday Lenders’ Protection

Nick Anderson / Truthdig Jan 6, 2014 Dig deeper

Payday Lenders

Nick Anderson / Truthdig Dec 20, 2013 Dig deeper

When Lenders Sue, Quick Cash Can Turn Into a Lifetime of Debt

Staff / Truthdig Dec 14, 2013 High-cost lenders -- the makers of payday, auto-title and installment loans -- exploit laws tipped in their favor to sue tens of thousands of Americans every year. The shocking result? A $1,000 loan grows to $40,000. Dig deeper ( 14 Min. Read )

How Payday Lenders Bounce Back When States Crack Down

By Paul Kiel, ProPublica Aug 6, 2013 In 2008, payday lenders suffered a major defeat when the Ohio legislature banned high-cost loans. That same year, they lost again when they dumped more than $20 million into an effort to roll back the law: The public voted against it by nearly two-to-one. But five years later, hundreds of payday loan stores still operate in Ohio, charging annual rates that can approach 700 percent. Dig deeper ( 7 Min. Read )

Big Banks Have Found Another Way to Rip You Off

Tracy Bloom / Truthdig Feb 25, 2013 Meet the major banks' newest partner: payday lenders, the owners of those check cashing stores that offer short-term loans with interest rates that sometimes exceed 500 percent. Dig deeper ( 2 Min. Read )