Browsing Category
Arizona payday loans
TN Sports Betting Bill which separated bets and withdrawn loans
A TN The sports betting bill that would prevent sports betting from taking bets from payday loan customers was deemed a bit too broad.
Representative Darren Jerniganof HB 824 was returned to the clerk last week and Senator…
PA AG settles down with a collector on a payday loan program
On April 9, the Pennsylvania Attorney General ad settlements with the former CEO of a since-dissolved lender and a debt collector to resolve claims that the collector was charging borrowers interest rates as high as 448% on loans and…
Pima County Public Library Sharing Ready to Make Money Smart?
It's smart money week! This year, the Consumer Financial Protection Bureau is offering free daily webinars the whole week. Register for the Money Smart Week 2021 webinars below. Saturday April 10: Talk about centsHow do you talk to…
Dallas Entrepreneur’s Loan Application Takes the hassle of Friend and Family Loans
Growing up in social housing, Dennis Cail noticed at the age of 7 that his neighborhood in Monroe, Louisiana, had no banks.But there were plenty of payday lenders, check-cashing stores, and car and furniture rental companies.It was…
What are predatory loans? – NerdWallet
Predatory loans occur when a lender uses unfair or deceptive tactics to trick a borrower into taking out a loan with terms that benefit the lender at the borrower's expense.Some predatory lenders may target low-income borrowers and…
Military and veterans: beware of Paycheck Advance applications and easy “credit”
Mike Saunders is the Director of Military and Consumer Policy at Veterans Education Success
Military and veterans alike should be wary of new forms of credit-like products that have emerged in…
Momentum is building in states and the United States to curb predatory payday lending
By Charlene Crowell
As the nation and much of the world continue to suffer from the ripple effects of COVID-19, the ability of consumers to stay up to date on bills and spending is steadily declining - if not already.
According to the…
The map shows a typical APR in each state
In recent months, several states have taken steps to limit interest rates on payday loans to protect consumers from overindulging in these traditionally expensive loans. In the November general election, voters in Nebraska overwhelmingly…
TN Bill targets bookmaker to partner with high interest lender
A policy reversal effort is underway to address a troubling situation which, according to a Tennessee sports betting regulator, "strikes me as a little funny from a public policy perspective," while…
Does Tennessee Book hold any sports betting winnings to pay off the loans?
Tennessee Representative Darren Jernigan read a copy of the weekly Tennessee Journal when a recent sports betting endorsement caught his eye.
Approval at a January meeting of Tennessee Educational Lottery Sports Betting Committee…