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Payday loans news and analysis from The Nation
July 9, 2018
Can a New Kind of Payday Lender Help the Poor?
Oakland’s Community Check Cashing offers an unusual alternative for the underbanked.
March 10, 2016
Hillary Clinton Is Exposing the Dark Underbelly of the Democrats’ Money Machine
Her campaign has put a spotlight on the cozy relationships between Democratic operatives and corporate America.
January 26, 2016
Why Is Florida’s Congressional Delegation Defending Predatory Lenders?
It’s hard to rein in the payday lending industry when lawmakers keep protecting it.
January 7, 2016
Postal Banking Worked—Let’s Bring It Back
Regulated, federally subsidized banks serve the wealthy and the middle class. A Wild West hodgepodge of unregulated lenders serves everybody else.
December 2, 2015
How Debt Collectors Ruin Lives
They can dock your pay and ruin your credit—and the industry has only grown in recent years.
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November 20, 2015
Payday Lenders Keep Evading Their Regulators. Can Anyone Stop Them?
The Consumer Financial Protection Bureau has a plan, but it’s full of loopholes.
October 8, 2015
Did Predatory Lenders Pay These 12 Lawmakers to Hobble the CFPB?
An ethics complaint filed this week alleges that industry lobbyists and donors crossed the fuzzy line between routine fundraising and a quid pro quo arrangement.
August 12, 2014
This Week, Look At Real Sharks: Payday Lenders
Activists want to draw attention to some of the most predatory financial companies.
June 27, 2014
Will the Government Finally Regulate the Most Predatory Industry in America?
The Consumer Financial Protection Bureau is poised to issue regulations for businesses that offer small-dollar, short-term loans. Will they be strong enough?
April 6, 2011
Bad Credit: How Payday Lenders Evade Regulation
The $30 billion-a-year industry continues to fleece borrowers with high rates and shady terms.