Business & Economy

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 )

Editorial Cartoons

Biden Forgives

Christopher Weyant Apr 11, 2024 Dig deeper

Editorial Cartoons

In Debt

Peter Kuper Apr 1, 2024 Dig deeper

Editorial Cartoons

Modern Tragedy

Christopher Weyant Mar 2, 2023 Dig deeper

Bloomberg Once Blamed End of ‘Redlining’ for 2008 Collapse

BRIAN SLODYSKO / The Associated Press Feb 13, 2020 The Democratic presidential candidate attributes the financial crisis to discriminatory housing practice as opposed to predatory lending. Dig deeper ( 4 Min. Read )

Student Loan Borrowers Lose an Advocate at Consumer Financial Protection Bureau

Ilana Novick Aug 27, 2018 Seth Frotman, in a scathing resignation letter to acting director Mick Mulvaney, says the agency “has turned its back on young people and their financial futures." Dig deeper ( 3 Min. Read )

17 Ballot Initiatives to Watch if You Care About Inequality

By Sarah Anderson and Josh Hoxie / AlterNet Nov 6, 2016 Voters in many states will have the opportunity Tuesday to weigh in on a wide variety of inequality-related issues, from taxing the wealthy to tackling price-gouging on drugs. Dig deeper ( 4 Min. Read )

‘Absolute Crap’ but Brilliant: Corporate America’s Plan to ‘Misbehave Without Reproach’

By Jon Queally / Common Dreams Nov 2, 2015 "Only in the senile, decrepit, and unbelievably corrupt modern version of the United States would this sickening decadence even be considered possible, let alone doable." Dig deeper ( 4 Min. Read )

L.A. Sues America’s Biggest Bank Alleging Predatory Lending

Donald Kaufman / Truthdig Jun 3, 2014 On Friday, the city of Los Angeles filed a lawsuit against JPMorgan Chase accusing it of pushing minority borrowers to take on risky home loans that would ultimately cost the city at least $1.7 billion in lost revenue and maintenance. Dig deeper ( 1 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 )

The Occupy Movement’s Next Frontier

Staff / Truthdig Dec 7, 2011 Those critics of Occupy Wall Street who claimed the movement lacked direction might look to foreclosed homes around the country, as well as housing auctions at select banks, where activists turned up Tuesday as part of the Occupy Our Homes initiative. Dig deeper ( 1 Min. Read )

You Can’t Teach an Old Predatory Lender New Tricks

Staff / Truthdig Apr 14, 2009 Like an abused spouse, America continues to stand by the banks, hoping they'll change their ways. TARP funds were supposed to trickle down to the average taxpayer, but Congress is now investigating complaints that bailed-out banks such as Bank of America and Citigroup are jacking up interest rates and engaging in predatory lending. Dig deeper ( 1 Min. Read )