Posts Tagged ‘payday lending’

I just read the NYT Magazine article Check Cashers, Redeemed on the rise of the alternate financial industry and would highly recommend it.
The article looks at the recent rise of alternative banking through Nix Check Cashing, which is now owned by Kinecta Federal Credit Union. It is interesting because Kinecta is trying to integrate Nix [...]

Sarah Byrnes of Americans for Fairness in Lending is an occasional guest contributor to Caveat Emptor.
Great news for consumers and advocates – citizens in Ohio and Arizona voted on Tuesday, November 4th to reject payday lending.  Ballot measures proposed by the industry were soundly defeated in both states, showing that voters weren’t swayed by the [...]

Sarah Byrnes of Americans for Fairness in Lending is an occasional guest contributor to Caveat Emptor.
In addition to all the other excitement surrounding this election, Ohioans and Arizonans will get the chance to vote on payday loan protections on November 4.  If you live in either of those states and you read this blog, you [...]

Enacted Payday Lending Legislation - 2008 Session | Nat’l Conference of State Legislatures (via Payday Lending Association)

The website of the Predatory Lending Association* is chock-full of great information for payday lenders, such as racial profiling tools, tips on lending to members of the military (no, 20 payday loan stores by a military base are not too many), and a working poor finder, which uses Google Maps to help predatory lenders find [...]

This Payday America store is going into a huge space across from one of my favorite coffee shops in Minneapolis.

In a new staff study from the Federal Reserve Bank of New York, Donald Morgan and Michael Strain take another look at whether payday loans are predatory or, in Morgan’s terms, welfare enhancing. This time around, Morgan takes a look at the “afermath” when Georgia and North Carolina banned payday lending.
(Dr. Morgan has commented on [...]

Consumer attorney Nick Slade has joined the Caveat Emptor blog as a contributing editor. Nick has been taking consumer cases since 2000, when he refocused his practice from criminal defense to consumer law.
Nick deals with a variety of consumer issues, including auto fraud, equity stripping (also called foreclosure rescue scams), predatory lending, the Truth-In-Lending Act, [...]