Tag: Predatory Lending | Voices for Civil Justice

House bill would rein in predatory lenders

Op-Ed (Ohio)

House bill would rein in predatory lenders

December 1, 2017 | Aisha Sleiman , George Thomas | Toledo Blade
But payday borrowers in Ohio face an additional burden: Ohio currently has the most expensive payday loans in the country.
Tags: Consumer Protection | Predatory Lending

Texas bills target ‘wraparound’ mortgage lending practices

News Story (Texas)

Texas bills target ‘wraparound’ mortgage lending practices

March 13, 2017 | Bob Sechler | Austin American-Statesman
Answering advertisements is one way buyers come in contact with unscrupulous lenders who specialize in a practice known as “predatory wraparound mortgages”.
Tags: Consumer Protection | Housing: Mortgage | Predatory Lending

If the Payday Lending Industry Goes Out of Business, What Will Replace It?

News Story (Missouri)

If the Payday Lending Industry Goes Out of Business, What Will Replace It?

October 14, 2016 | Geoff Williams | U.S. News & World Report
Experts predict both good and bad consequences.
Tags: Consumer Protection | Predatory Lending

Lawmakers protect title loan firms while borrowers pay sky-high interest rates

Investigative (NATIONAL)

Lawmakers protect title loan firms while borrowers pay sky-high interest rates

December 9, 2015 | Fred Schulte | Center for Public Integrity
How millions in campaign contributions help block laws to crack down on lending abuses.
Tags: Consumer Protection | Predatory Lending | Title Loans

In America’s Payday Loan Capital, Innovative Microcredit Helps Break The Debt Cycle

News Story (Mississippi)

In America’s Payday Loan Capital, Innovative Microcredit Helps Break The Debt Cycle

June 20, 2015 | Christina Wilkie | Huffington Post
How an innovative microcredit partnership is helping to break the cycle of debt by providing alternatives to predatory lending.
Tags: Consumer Protection | Predatory Lending

Shumlin signs rent-to-own into law

News Story (Vermont)

Shumlin signs rent-to-own into law

June 10, 2015 | Vermont Press Bureau
Governor Peter Shumlin signed consumer protection legislation into law Tuesday that aims to crack down on rent-to-own enterprises targeting low- and middle-income Vermonters.
Tags: Consumer Protection | Predatory Lending

Woman’s car repoed, sues lender over 371% APR

News Story (Ohio)

Woman’s car repoed, sues lender over 371% APR

June 7, 2015 | John Matarese | WKBW (Buffalo) (local ABC affiliate)
Story covering a lawsuit against an auto title lender who allegedly charged a 371 percent APR.
Tags: Benefits of Legal Aid | Consumer Protection | Predatory Lending