Predatory lending might sound like a finance buzzword, but its impact is all too real. Picture signing up for a loan that seems like a quick fix, only to discover hidden fees and sky-high interest ...
The Federal Deposit Insurance Corporation (FDIC) Supervisory Policy on Predatory Lending (FDIC FIL-6-2007) describes certain characteristics of predatory lending and reaffirms that such activities are ...
The Center for Responsible Lending has released a policy brief showing that app-based payday lenders are exploiting underpaid workers with usurious loans, and that Buy Now, Pay Later (BNPL) and Earned ...
Predatory lending benefits a lender at the borrower's expense. Learn the warning signs and how to spot a good lender. Many, or all, of the products featured on this page are from our advertising ...
The primary sponsor of a bill to reform predatory lending practices in South Carolina says recent reports of its death are at least somewhat exaggerated. “I think there’ve been some good discussions,” ...
Coastal Enterprises Inc.'s February report on predatory mortgage lending shows that predatory lenders are active in Maine. It also says that state law is not protecting Mainers from these lenders.
CT Mirror’s independent, nonprofit journalism depends on reader support. Financial technology companies that issue loans through mobile apps at annual interest rates above 330 %, marketing these loans ...
Payday loans in our community are like seawater to the thirsty — they may seem like relief at first, but ultimately cause more harm than help. Recently, an op-ed was published (“Dunleavy was right to ...
Petersburg City Council voted unanimously to pass more regulations on potentially predatory short-term loan establishments and limit the number of pawn shops allowed in the city during its meeting on ...
Through a $1 billion settlement announced by New York Attorney General Letitia James, Yellowstone Capital agreed to wipe out more than $534 million in debt of its small-business clients. It resolves ...
Imagine you learn a family member has defrauded your mother of $800,000 in home equity — and that they did it with help from an unscrupulous mortgage lender. This is the story of Reginald Byron ...
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