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Predatory lending news and analysis from The Nation
February 14, 2017
Donald Trump Has Pulled an Epic Bait-and-Switch
Putting a Goldman Sachs alum in charge of the Treasury Department proves the Big Lie.
Robert L. Borosage
August 1, 2016
The Financial Firm That Cornered the Market on Jails
Thousands of arrestees a year are forced into get-out-of-jail-broke cards that are loaded up with deceptive fees.
June 20, 2016
Elizabeth Warren’s Fight Against Payday Lenders Comes to the Post Office
We could save Americans millions with postal banking.
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.
July 23, 2015
Five Years After Dodd-Frank, ‘It’s Still a Financial System That Needs Reform’
A conversation with a former lawmaker who championed many of the law’s most significant provisions.
April 20, 2015
New York City Just Outlawed Running Credit Checks on Job Applicants
Why that’s a big win for the poor, people of color, and economic justice in general.
April 13, 2015
Can Labor Bring Wall Street Back to Main Street?
Wells Fargo workers are protesting the bank’s predatory practices.