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Checking: Savings deterrent to payday loans
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Online Savings Account Payday Loan News

Analysis: U.S. payday lenders point fingers to blunt crackdown

WASHINGTON (Reuters) - Payday lenders facing oversight from the new consumer protection agency are warning that tough regulations may push customers into the arms of unscrupulous online lenders, in a pitch for lighter, or at least equal, new rules. The storefront payday lending industry has been slowly bleeding over the last few years as states, until now the industry's major regulators, have ...

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Groups launch payday loan, minimum wage petitions

When Rep. Mary Still told a group of about 70 community activists Saturday that they have the power to rein in “predatory” payday lenders, a member of Grass Roots Organizing dressed as a shark circled around the Columbia Democrat who for two years has unsuccessfully sponsored legislation to reform the payday loan industry.

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Refund anticipation loans coming to an end

After years of bilking consumer tax refunds through refund anticipation loans fees, tax preparers are finally closing them down

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Richard Cordray, CFPB Chief, Promises New Scrutiny Of Banks That Make Payday Loans

Picking his first public fight with the banking industry, Washington's top consumer cop, Richard Cordray, promised on Thursday that his examiners will scrutinize a handful of big banks that make high-cost loans. Inspection of major financial institutions will be part of a broader review of payday lenders, he said at a public hearing organized by the Consumer Financial Protection Bureau in ...

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How Credit Unions Support Community Development

Credit unions give back to their local communities in a variety of creative and generous ways.

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