<div id="subtitle">Lenders claims working families worse off in states that ban payday loans</div><div><p>A working paper that claims working families are worse off in states with strong consumer lending laws is coming under fire from consumer protection groups.</p><p>The report was ...
<div id="subtitle">Lenders Fight Back</div><div><p>A Philadelphia woman has filed a multi-million dollar class action lawsuit against a Utah-based lender that makes payday loans through numerous Internet sites.</p><p>According to the suit, Direct Financial Solution of Utah has unlawfully charged Pennsylvania consumers ...
<div id="subtitle">Report finds lenders clustering near senior housing</div><div><p>Predatory lenders are zeroing in on the elderly and disabled, targeting their government-backed Social Security payments,The Wall Street Journal reports. </p><p>"These people always get paid," said the former manager of a payday ...
<div id="subtitle">Lawmakers vote to close loophole enabling high-cost loans</div><div><p>The Virginia General Assembly appears to be ready to take more action against payday lenders in the state.</p><p>Lawmakers Wednesday voted to close a loophole, outlawing payday lenders from offering open-ended loans ...
<div id="subtitle">Proposed legislation would cap interest rates</div><div><p>While much of Washington is focused on President Obama's hugely ambitious budget, another measure has given hope to opponents of payday lending. Sen. Dick Durbin (D-IL) has proposed a cap on consumer interest rates at 36 ...
<div id="subtitle">Report shows heavy concentration in minority communities</div><div><p>Payday lenders are nearly eight times more concentrated in California's black and Latino neighborhoods than in white neighborhoods, according to new research from the Center for Responsible Lending.</p><p>The report contends that ...
<div id="subtitle">THE INFLUENCE GAME: Payday lenders deploy lobbyists, campaign cash to fight regulation</div><div><p>The payday loan industry, threatened by Congress with extinction, has deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself.</p><p>The strategy has ...
<div id="subtitle">Today’s ‘hot’ sector may soon disappoint</div><div><p>Warren Buffett is known for investing only in businesses that he understands. He says individual investors should look at being a shareholder as being a “part owner” of the business. </p><p>Too often this ...
<div id="subtitle">Arkansas Supreme Court rules that payday lending law violated state constitution</div><div><p>A 1999 state law allowing so-called payday lenders to charge high fees for short-term loans violates the state constitution, the Arkansas Supreme Court ruled Thursday.</p><p>In a 6-0 decision ...
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