ProPublica logo design pay day loans represent just one element of a high-cost financing industry that ta

Lending and Collecting in the usa

Pay day loans represent only 1 section of a high-cost financing industry that targets low income customers, trapping numerous in deep financial obligation. Whenever regulators and lawmakers attempt to break straight straight straight straight down, lenders tweak their products to obtain round the legislation.

Newly Defanged, Top Customer Protection Agency Drops Investigation of High-Cost Lender

Into the latest indication that the customer Financial Protection Bureau is pulling right straight straight right back from aggressive enforcement, it dropped a study set off by a 2013 ProPublica tale of a loan provider that fees triple-digit rates of interest.

Jan. 23, 2018, 6:12 p.m. EST

Allow the Game of Whack-A-Mole Start: Feds Submit Brand Brand New Payday Rules

New rules submit because of the customer Financial Protection Bureau could have an important effect on the high-cost loan industry. However if history is any guide, loan providers will find some loopholes quickly.

March 27, 2015, 12:07 p.m. EDT

Defense Department Proposes Broad Ban on High-Cost Loans to Service Customers

Acknowledging that a past legislation did perhaps not get far sufficient, Defense Department proposes brand brand brand new guidelines to safeguard solution users from high-cost loan providers.

Sept. 26, 2014, 3:05 p.m. EDT

Insta-Loophole: In Florida, High-Cost Lender Skirts the Legislation

Despite a ban on high-interest automobile name loans, the nation’s biggest name loan provider has exposed 26 Instaloan shops in Florida, providing a refashioned form of the loans that efficiently charge the exact same sky-high prices what the law states ended up being built to stop.

Aug. 6, 2013, 9 a.m. EDT

Whack-a-Mole: Exactly Just Just Just How Payday Lenders Bounce When States Crack Down

The industry has found ways to continue to peddle them in state after state that has tried to ban payday and similar loans.

Aug. 6, 2013, 9 a.m. EDT

The Payday Playbook: Exactly Just Exactly How High Price Lenders Fight to Remain Legal

A year ago, activists in Missouri attempted to restrict what high-cost loan providers can charge. The ensuing fight exposed something which rarely has view therefore vividly: the high-cost lending industry’s ferocious efforts to keep appropriate and remain in operation.

Aug. 2, 2013, 9 a.m. EDT

Senator Presses Customer Bureau on Installment Lender World Finance

Citing our research, Sen. Ron Wyden asked an official that is top the customer Protection Financial Bureau as to what can be achieved to handle abuses by installment loan providers.

25, 2013, 9:59 a.m july. EDT

On Victory Drive, Soldiers Defeated by Financial Obligation

A federal legislation is likely to protect solution users from predatory financing. But loan providers exploit loopholes, trapping army workers in high-interest financial obligation.

Might 15, 2013, 5:50 a.m. EDT

The 182 % Loan: How Installment Lenders place Borrowers in a full world of Hurt

Many individuals understand the perils of payday advances. But "installment loans" likewise have sky-high prices and work through getting borrowers — usually that are poor renew over repeatedly. We just just simply just take you inside one of many biggest installment loan providers, billion-dollar World Finance.

Might 13, 2013, 9 a.m. EDT

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