CFPB Hounds eBay For Payday Loan Service
The CFPB is investigating eBay’s Bill Me Later service for allegedly violating short-term loan regulations by effectively offering financing that is little more than payday…
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Regions Bank Battles It Out With Anti-Payday Loan Coalition
Another battle in the Payday Loan War is unfolding as Regions Bank faces off against a coalition of anti-payday loan activists in Illinois, Missouri, and…
→ Read MoreTribal-Owned Western Sky Ceases Lending Payday Loans
Western Sky, a tribal owned payday loan company, has announced it will be ceasing operations. The company rose to prominence as being one of the…
→ Read MoreMixing Religion and Money — Church Sanctioned Loans in the UK
Beneath the religious texts and weekly church services, there exists a business model in organized religion. Some churches exist simply to help others, whereas others…
→ Read MoreMilitary Insiders Say Payday Loan Education is Sufficient
In 2007, the Military Lending Act (MLA) was implemented to shield members of the armed forces from the difficulties that could potentially ensue by borrowing…
→ Read MoreReport Shows Millennials Turn to Payday Loans
A new report from Think Finance has found that Millennials are turning to payday loans amidst the ongoing but struggling economic recovery. Interestingly, many of…
→ Read MoreCredit Union CEO Defends Payday Loans
The CEO of Louisiana Federal Credit Union recently defended her credit union’s lending of payday loans. Her defense of the credit union’s cash advance products…
→ Read MoreUK Report Paints New Picture of Payday Loan Borrowers
A recent report argues that payday loan borrowers in the UK are tech-savvy and financially literate, countering reports that paint borrowers as vulnerable. The “Credit…
→ Read MoreNC Attorney General Protects Marines from Payday Loans
The North Carolina Attorney General is taking up arms to protect Marines and members of the military from predatory payday loan lenders. On May 15,…
→ Read MoreRI Becomes the Next Payday Loan Battleground State
Rhode Island may be the next state to dramatically lower their payday loan interest rate cap, depending on how the General Assembly votes on a…
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