LANSING — The Michigan Senate voted Thursday to significantly cap what payday lenders charge borrowers for short-term loans, a big step forward for efforts to crack down on a "predatory" industry that ...
Payday loans seem like a convenient way to get some extra cash when you need it most before your next check arrives, but that convenience could come at a higher cost than you anticipated. These loans ...
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'Why are Texans treated this way?': More than half of U.S. payday lending fees are paid by Texans, study says
While many states have moved to end or restrict payday lending, a new study finds that Texas remains a lucrative place for such lenders—thanks to an unusually permissive regulatory environment that ...
More banks are offering customers small-dollar installment loans or lines of credit at lower costs than nonbanks as alternatives such as payday lenders fall out of favor with regulators. Financial ...
(NNPA) – New research from the Center for Responsible Lending has found payday lenders are nearly eight times more concentrated in California’s Black and Latino neighborhoods as compared to White ...
Proposition S will appear on the March 7 primary election ballot and ask voters to approve charging a $5,000 annual permit fee for short-term lending institutions – such as payday loan stores – to ...
LANSING — Michigan lawmakers voted Thursday to require the state to report and make public information about the payday lending industry for seven years, backing a bill that is supported by the ...
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...
AUSTIN - Taking aim at "the cycle of debt" that often entraps short-term borrowers, the Texas Senate Monday passed a bill regulating payday and auto-title loans with limits on refinance fees that ...
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