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News Headlines - predatory lending

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Springfield Groups Demonstrating for Predatory Lending Reform
SPRINGFIELD, Mo.--Members of Faith Voices and the NAACP in Springfield are coming together to demand predatory lending reform. Right now there is no cap on the annual percentage rate on short term loans. Members of the community met at University ...

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New Pittsburgh Courier

Why are Florida legislators siding with predatory payday lenders?
New Pittsburgh Courier
In the 1980's we saw crack cocaine dealers on every corner in low-income Black neighborhoods. For too long, we've seen payday lenders in many cases occupying the very same corners in the very same neighborhoods. Yet, today, as we speak, our Florida ...

How the rollback of Obama-era financial regulations could affect you
Additionally, the bill would exempt lenders with less than $10 billion in assets from having to prove a borrower's ability to repay their loan and from facing other regulatory scrutiny if they keep the loans on their books. Advocates of these changes ...

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Gov. Says Schools Could Use Retired Officers, NM Proposes New Rules To Rein In Predatory Lending
New Mexico officials who oversee the storefront loan industry have published proposed rules designed to bolster consumer protections and discourage predatory lending. Consumer groups announced Wednesday that the New Mexico Financial Institutions ...

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ANALYSIS: Borrowers seek other sources after payday lenders
When the 36 percent annual rate is applied to loans made only for a week or a month, it made payday loans unprofitable. As a result, just 15 months later, the payday industry in South Dakota is nearly extinct. Backers of IM 21 say they ended a form of ...

South Florida Caribbean News

US House Passes Bill Supporting Triple-Digit Predatory Lending
South Florida Caribbean News
WASHINGTON, DC – The U.S. House of Representatives broke the hearts of a broad and diverse coalition of advocates after Members of Congress passed predatory lending legislation on February 14. A bill passed the lower chamber that would render useless ...


End Predatory Lending Aimed at Veterans
Recent news reports examining predatory lending practices targeting American veterans are failing to account for the efforts of how many respectable lenders are working to help an underserved veteran community access the benefits they have been ...

Washington Post

Consumer lawyers want to end Education Department's partial ...
Washington Post
The Project on Predatory Student Lending at Harvard University, a legal services clinic, has asked a federal judge to stop Education Secretary Betsy DeVos and the Education Department from using earnings data to grant only partial student loan ...
Court filing claims Education Dept illegally got SSN dataABC News

all 21 news articles »

Roanoke Times

Washington: Warner should reconsider predatory lending bill
Roanoke Times
It's no secret that predatory lending predominantly affects certain populations: the poor, minorities, and people who are less educated. With that being said, I can understand why Senator Mark Warner was persuaded into sponsoring a Senate bill (S1642 ...

St. Louis American

U.S. House passes bill supporting triple-digit predatory lending ...
St. Louis American
The U.S. House of Representatives broke the hearts of a broad and diverse coalition of advocates after Members of Congress passed predatory lending legislation on February 14. A bill passed the lower chamber that would render useless state laws in the ...
Udall, Heinrich Cosponsor SAFE Lending Act To Protect Consumers ...KRWG

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