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How OCC can help banks disrupt the payday loan industry ... - American Banker (subscription)


American Banker (subscription)

How OCC can help banks disrupt the payday loan industry ...
American Banker (subscription)
With the future of payday lending in flux, the Office of the Comptroller of the Currency has the ability to help provide consumers with a better credit option.
Payday Loans Are Dying. Problem Solved? Not Quite - WHIO.comWHIO

all 4 news articles »

Payday loans are dying. Problem solved? Not quite - USA TODAY


USA TODAY

Payday loans are dying. Problem solved? Not quite
USA TODAY
Payday loans — the “lifesavers” that drown you in debt — are on the decline. Fines and regulatory scrutiny over high rates and deceptive practices have shuttered payday loan stores across the country in the last few years, a trend capped by a ...

Banks Want a Piece of the Payday-Loan Pie - Wall Street Journal (subscription)


Wall Street Journal (subscription)

Banks Want a Piece of the Payday-Loan Pie
Wall Street Journal (subscription)
Financial firms, spurred by the Trump administration's promises to deregulate, hope to return to offering short-term, high-interest loans after being pushed out of the sector by Obama-era rules. Two leading trade groups, the American Bankers ...

Under fire, Emanuel defends 'payday loan' plan to borrow $389M for CPS - Chicago Sun-Times


Chicago Sun-Times

Under fire, Emanuel defends 'payday loan' plan to borrow $389M for CPS
Chicago Sun-Times
Ald. Brian Hopkins (2nd) acknowledged that, “Payday loans are desperate acts.” But, he said, “We are in a desperate moment with CPS. No one likes this, but no one had a solution. We can express our anger, but our backs are against the wall. We have to ...
City To Borrow $389 Million To Fill Chicago Public Schools Budget GapDNAinfo
Emanuel unveils latest CPS money-borrowing plan for district already $9 billion in debtChicago Tribune
Chicago Teachers Union: High-interest, predatory borrowing is not the answerChicago Defender

all 36 news articles »

The Build credit card helps people with bad credit scores - Business ... - Business Insider


Business Insider

The Build credit card helps people with bad credit scores - Business ...
Business Insider
Bad credit scores prevent millions of Americans from getting a credit card. The Build card endeavors to get these people on track and avoid expensive lending.

and more »

Here are some alternatives to taking out a payday loan - ConsumerAffairs


ConsumerAffairs

Here are some alternatives to taking out a payday loan
ConsumerAffairs
Cash strapped consumers with subprime credit scores have a growing number of alternatives to payday lenders, which often charge 400% interest.

and more »

Predatory Payday-Loan Lending, Out of Hand in Ohio and Toledo? - Toledo City Paper


Toledo City Paper

Predatory Payday-Loan Lending, Out of Hand in Ohio and Toledo?
Toledo City Paper
The Center for Responsible Lending (CRL) has found that 76 percent of payday loans are due to “loan churn” – where the borrower takes out a new loan within two weeks of repaying an earlier loan. This allows payday lenders to exploit dire circumstances, ...

Programs would offer alternative to payday loans - Crain's Detroit Business


Crain's Detroit Business

Programs would offer alternative to payday loans
Crain's Detroit Business
Last year, when her car needed repairs, Tameka Massengale borrowed $300 from a Detroit payday lender to fix it. Two weeks later, when the loan came due, she couldn't spare the full $300 and $60 fee. So she borrowed the money right back and paid ...

How OCC can help banks disrupt the payday loan industry ... - American Banker (subscription)


American Banker (subscription)

How OCC can help banks disrupt the payday loan industry ...
American Banker (subscription)
With the future of payday lending in flux, the Office of the Comptroller of the Currency has the ability to help provide consumers with a better credit option.
Payday Loans Are Dying. Problem Solved? Not Quite - WHIO.comWHIO

all 4 news articles »

Payday loans are dying. Problem solved? Not quite - USA TODAY


USA TODAY

Payday loans are dying. Problem solved? Not quite
USA TODAY
Payday loans — the “lifesavers” that drown you in debt — are on the decline. Fines and regulatory scrutiny over high rates and deceptive practices have shuttered payday loan stores across the country in the last few years, a trend capped by a ...

Banks Want a Piece of the Payday-Loan Pie - Wall Street Journal (subscription)


Wall Street Journal (subscription)

Banks Want a Piece of the Payday-Loan Pie
Wall Street Journal (subscription)
Financial firms, spurred by the Trump administration's promises to deregulate, hope to return to offering short-term, high-interest loans after being pushed out of the sector by Obama-era rules. Two leading trade groups, the American Bankers ...

Under fire, Emanuel defends 'payday loan' plan to borrow $389M for CPS - Chicago Sun-Times


Chicago Sun-Times

Under fire, Emanuel defends 'payday loan' plan to borrow $389M for CPS
Chicago Sun-Times
Ald. Brian Hopkins (2nd) acknowledged that, “Payday loans are desperate acts.” But, he said, “We are in a desperate moment with CPS. No one likes this, but no one had a solution. We can express our anger, but our backs are against the wall. We have to ...
City To Borrow $389 Million To Fill Chicago Public Schools Budget GapDNAinfo
Emanuel unveils latest CPS money-borrowing plan for district already $9 billion in debtChicago Tribune
Chicago Teachers Union: High-interest, predatory borrowing is not the answerChicago Defender

all 36 news articles »

The Build credit card helps people with bad credit scores - Business ... - Business Insider


Business Insider

The Build credit card helps people with bad credit scores - Business ...
Business Insider
Bad credit scores prevent millions of Americans from getting a credit card. The Build card endeavors to get these people on track and avoid expensive lending.

and more »

Here are some alternatives to taking out a payday loan - ConsumerAffairs


ConsumerAffairs

Here are some alternatives to taking out a payday loan
ConsumerAffairs
Cash strapped consumers with subprime credit scores have a growing number of alternatives to payday lenders, which often charge 400% interest.

and more »

Predatory Payday-Loan Lending, Out of Hand in Ohio and Toledo? - Toledo City Paper


Toledo City Paper

Predatory Payday-Loan Lending, Out of Hand in Ohio and Toledo?
Toledo City Paper
The Center for Responsible Lending (CRL) has found that 76 percent of payday loans are due to “loan churn” – where the borrower takes out a new loan within two weeks of repaying an earlier loan. This allows payday lenders to exploit dire circumstances, ...

Programs would offer alternative to payday loans - Crain's Detroit Business


Crain's Detroit Business

Programs would offer alternative to payday loans
Crain's Detroit Business
Last year, when her car needed repairs, Tameka Massengale borrowed $300 from a Detroit payday lender to fix it. Two weeks later, when the loan came due, she couldn't spare the full $300 and $60 fee. So she borrowed the money right back and paid ...