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Subprime Borrowers Aren't the Only Ones Using Payday Loans - LendEDU News


LendEDU News

Subprime Borrowers Aren't the Only Ones Using Payday Loans
LendEDU News
This would lead one to believe that all payday loan borrowers have wrecked credit; however, new data begs to differ. According to an analysis of credit, not all borrowers using payday loans have subpar credit scores. The report was compiled by ...

Payday lending bill's limits could increase with possible amendment - cleveland.com


cleveland.com

Payday lending bill's limits could increase with possible amendment
cleveland.com
COLUMBUS, Ohio - Ohio Sen. Matt Huffman said he is working on an amendment to a payday lending limitation bill to allow people to borrow more money. Huffman said he wants to increase the $500 per loan ceiling in House Bill 123 to $1,000 or $2,500.

Bankrupted KC financier of payday lenders owed $120 million by Joel Tucker and others - Kansas City Star


Kansas City Star

Bankrupted KC financier of payday lenders owed $120 million by Joel Tucker and others
Kansas City Star
A Kansas City company that financed payday loan operators has declared bankruptcy while holding $120 million worth of claims and judgments that it has been unable to collect. NorthRock LLC listed among its assets a $29 million claim against Johnson ...

Payday Lenders Are Making Bank on High-Interest Products - Bloomberg


Bloomberg

Payday Lenders Are Making Bank on High-Interest Products
Bloomberg
These products quickly became so popular that Enova and Curo now report that a vast majority of their revenue comes from them rather than payday loans, as before. Enova now mostly offers installment loans and lines of credit. Curo is also largely ...

In some states, a debate over payday lending unfolds in the black church - Washington Post


Washington Post

In some states, a debate over payday lending unfolds in the black church
Washington Post
The Rev. Frederick Newbill is not the typical face of the payday lending industry. Recruited by Florida's largest small-dollar lender, Amscot, the senior pastor at First Timothy Baptist Church in Jacksonville was among several faith leaders to visit ...

Texas Court Rules Against CFPB's Payday Lending Act Delay - PYMNTS.com


PYMNTS.com

Texas Court Rules Against CFPB's Payday Lending Act Delay
PYMNTS.com
A Texas court ruled on Tuesday (June 12) against delaying the compliance date for the Consumer Financial Protection Bureau's rule on payday loans. A lawsuit had aimed to block the new federal rules that would limit these short-term loans that some ...
Federal Court Rejects Mulvaney and Payday Lenders' Scheme to Delay CFPB Payday Rule ImplementationPaymentsJournal

all 52 news articles »

Banks Should Lead the Way Out of the Payday Lending Trap - Fortune


Fortune

Banks Should Lead the Way Out of the Payday Lending Trap
Fortune
For the 40% of Americans who don't have the cash reserves to cover a $400 emergency expense, payday and other high-cost loans may be the only option when they face an unexpected cost. But these loans quickly drain consumers' pocketbooks as interest ...

'A horrible cycle' of payday lending: 5 things you need to know - WHIO


WHIO

'A horrible cycle' of payday lending: 5 things you need to know
WHIO
Financial advisors have known for a long time that Payday loans are terrible for the way they charge high interest rates on people who desperately need money. And now Google is saying that it will no longer allow Payday loan companies to ...

This RSS feed URL is deprecatedThis RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Subprime Borrowers Aren't the Only Ones Using Payday Loans - LendEDU News


LendEDU News

Subprime Borrowers Aren't the Only Ones Using Payday Loans
LendEDU News
This would lead one to believe that all payday loan borrowers have wrecked credit; however, new data begs to differ. According to an analysis of credit, not all borrowers using payday loans have subpar credit scores. The report was compiled by ...

Payday lending bill's limits could increase with possible amendment - cleveland.com


cleveland.com

Payday lending bill's limits could increase with possible amendment
cleveland.com
COLUMBUS, Ohio - Ohio Sen. Matt Huffman said he is working on an amendment to a payday lending limitation bill to allow people to borrow more money. Huffman said he wants to increase the $500 per loan ceiling in House Bill 123 to $1,000 or $2,500.

Bankrupted KC financier of payday lenders owed $120 million by Joel Tucker and others - Kansas City Star


Kansas City Star

Bankrupted KC financier of payday lenders owed $120 million by Joel Tucker and others
Kansas City Star
A Kansas City company that financed payday loan operators has declared bankruptcy while holding $120 million worth of claims and judgments that it has been unable to collect. NorthRock LLC listed among its assets a $29 million claim against Johnson ...

Payday Lenders Are Making Bank on High-Interest Products - Bloomberg


Bloomberg

Payday Lenders Are Making Bank on High-Interest Products
Bloomberg
These products quickly became so popular that Enova and Curo now report that a vast majority of their revenue comes from them rather than payday loans, as before. Enova now mostly offers installment loans and lines of credit. Curo is also largely ...

In some states, a debate over payday lending unfolds in the black church - Washington Post


Washington Post

In some states, a debate over payday lending unfolds in the black church
Washington Post
The Rev. Frederick Newbill is not the typical face of the payday lending industry. Recruited by Florida's largest small-dollar lender, Amscot, the senior pastor at First Timothy Baptist Church in Jacksonville was among several faith leaders to visit ...

Texas Court Rules Against CFPB's Payday Lending Act Delay - PYMNTS.com


PYMNTS.com

Texas Court Rules Against CFPB's Payday Lending Act Delay
PYMNTS.com
A Texas court ruled on Tuesday (June 12) against delaying the compliance date for the Consumer Financial Protection Bureau's rule on payday loans. A lawsuit had aimed to block the new federal rules that would limit these short-term loans that some ...
Federal Court Rejects Mulvaney and Payday Lenders' Scheme to Delay CFPB Payday Rule ImplementationPaymentsJournal

all 52 news articles »

Banks Should Lead the Way Out of the Payday Lending Trap - Fortune


Fortune

Banks Should Lead the Way Out of the Payday Lending Trap
Fortune
For the 40% of Americans who don't have the cash reserves to cover a $400 emergency expense, payday and other high-cost loans may be the only option when they face an unexpected cost. But these loans quickly drain consumers' pocketbooks as interest ...

'A horrible cycle' of payday lending: 5 things you need to know - WHIO


WHIO

'A horrible cycle' of payday lending: 5 things you need to know
WHIO
Financial advisors have known for a long time that Payday loans are terrible for the way they charge high interest rates on people who desperately need money. And now Google is saying that it will no longer allow Payday loan companies to ...