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Public Service Commissioner Foster Campbell on move to hike payday loan rates in Louisiana.Author Rachel Slade on her book, “Into the Raging Sea.” The…
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The Consumer Financial Protection Bureau is readying new regulations on payday loans and other high-cost forms of credit. Officials with the agency say the loans can trap borrowers in a cycle of debt.
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Efforts to get payday loan reform in Louisiana failed in the state legislature during the recently concluded session. The advocacy group Together…
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You live on a limited income, paycheck to paycheck. Now your next paycheck is in jeopardy, because your car won’t start. What to do?There’s that payday…
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Participants in these social networks pool their money to give each other informal, no-interest loans. They're called cundinasortandas, and politicians are taking notice.
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Penny Fisher says she got caught in the payday loan trap.“I borrowed $300 back in ’95, and ended up paying $4,983.30 back.”Thelma Fleming had two jobs,…
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Federal regulators are cracking down on banks that are offering services called deposit advances. Many argue that the service is the same as payday loans and could lead consumers into a cycle of debt.
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For months, NPR's Pam Fessler got calls from around the world offering her short-term loans. She had fallen into the world of online lead generation.