Adventures in HousingI've Always Wondered ...My EconomyTrump's Second Term

Loading...

0:00
0% played
It's the LAST DAY to donate and pick up any of our thank-you gifts at a discount. 🔥 Give Now!
Stories Tagged as

Payday loans

Could financial warning labels help borrowers avoid risky loans?

by Scott Morgan
May 29, 2023
Some experts back the idea for certain high-interest loans. But it likely wouldn't put off desperate short-term borrowers.
A man exits a payday loan store in London. Some experts say a warning label for certain high-interest loans could be beneficial.
Dan Kitwood/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE
Elections 2020

Nebraskans vote to cap interest rates on payday loans

by Samantha Fields
Nov 11, 2020
Voters overwhelmingly approved limiting annual interest on small-dollar loans to 36%.
A new report from the Joint Economic Committee in Congress finds that Black, Hispanic, and poorer Americans are much more likely to be considered "unbanked" or "underbanked".
Oli Scarff/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

CFPB rolls back restrictions on payday lenders

by Samantha Fields
Jul 9, 2020
Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans
About 12 million Americans take out payday loans every year, mostly to cover necessities like rent or utilities.
EHStock via Getty Images
Share Now on:
SHARE

Savings app aims to combat predatory payday loans

by Peggy Lowe
Aug 9, 2019
Still in its pilot phase, Onward promotes saving in small increments with a view to building a nest egg and eventually creating credit.
Oli Scarff/Getty Images
Share Now on:
SHARE

CFPB will take another look at the payday lending rules

by Sabri Ben-Achour
Jan 17, 2018
Last year, the Obama administration enacted new rules regarding payday lending. They haven’t yet come into effect. Now, the Consumer Financial Protection Board says it will reconsider the tighter regulation that would have required payday lenders to make sure the people they lend to can actually repay their loans. The rule was bitterly opposed by […]
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

Payday loan business facing tougher rules

by Sabri Ben-Achour
Oct 5, 2017
Lenders would have to check a borrower’s ability to repay a loan but there are lots of loopholes protecting the loan business.
A neon sign above a branch of Payday Loans, who offer cash for gold and instant check cashing services.
Oli Scarff/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE

Who are the unbanked?

by David Brancaccio
Jun 29, 2017
Income volatility is increasingly driving low- and middle-income Americans to check cashers and payday lenders.
Oli Scarff/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

For public good, not for profit.

Donate

In Louisiana, kids learn about balancing the books and paying bills

by Marketplace Contributor
Dec 2, 2016
Last May, Louisiana made financial literacy a mandatory topic in state public schools.
At the Finance Park, a financial literacy simulation in Baton Rouge, middle school students learn the basics of paying bills and taxes, and how to balance a monthly budget.
Jesse Hardman
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

Consumer bureau proposes new rules for payday lenders

by Kimberly Adams
Jun 2, 2016
CFPB rules target payday, auto title, and high-interest installment loans.
Dan Kitwood/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE
Economic Anxiety Index®

Where to turn when there's nowhere to turn

by Kimberly Adams
Mar 17, 2016
There are limited options for many people when hit with an unexpected expense.
The LIFT program in Los Angeles has a pilot program to provide small emergency grants to members facing unexpected financial emergencies.
Kimberly Adams/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE