Texas is among states that have least regulation for payday loans
Texas is one of 28 states that have the least regulation when it comes to payday loans, according to a new study released today by The Pew Charitable Trusts. In those states, Pew found that payday loan...
View ArticleElderly Turn to Payday loans
I recently wrote about how more seniors are shouldering debt. Here’s an element of that. A recent analysis by the Center for Responsible Lending found that more than 25 percent of all bank payday loan...
View ArticleUpdate: Payday loans “debt traps” for consumers, federal regulators say
UPDATE 9:40 A.M. Payday lenders say federal report “looks narrowly at payday loans.” Original post For many consumers, payday and deposit advance loans are “debt traps,” according to a report released...
View ArticleFederal bank regulators release proposed guidance on deposit advance loans
The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency released today proposed guidelines to banks that offer deposit advance products, which they say pose the same...
View Article4 out of 5 five payday loans are rolled over or renewed, federal regulators say
Four out of 5 payday loans are rolled over or renewed within 14 days, causing borrowers to sink deeper into debt, according to a report released today by the federal Consumer Financial Protection...
View ArticleIrving payday lender ACE Cash Express pays $10 million in case brought by feds
ACE Cash Express has agreed to pay $10 million, including $5 million in customer reimbursements, in a settlement with the Consumer Financial Protection Bureau. (File 2005/Staff Photo)visit site to...
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