Academics Shill for Predatory Lenders

The Payday industry trade group Consumer Credit Research Foundation (CCRF) paid for a 2011 study conducted by Arkansas Tech University and edited it to fit their purposes, according to the Campaign for Accountability (CfA) report, Academic Deception. The records released by the CfA report show that the CCRF paid Professor Anthony Fusaro at least $39,912 to author a report titled …

Payday News Stories, Week of October 31, 2015

October 29 Washington Post Online Should the post office also be a bank? The article discusses the potential for the U.S. Postal Service to provide banking services and to serve as an alternative to payday lenders in offering short-term loans to consumers in need. Support for the recommendation is growing, as advocates call for safer and more sustainable options for …

Payday News Stories, Week of October 24, 2015

Oct 24 The Gadsden Times Editorial The numbers are astonishing. In the first 10 weeks that payday lenders had to record their transactions on a statewide database, Alabamians took out 462,209 payday loans. Based on those numbers, Alabamians are on course to take out just over 2.4 million payday loans on an annual basis. October 10 Greenville News Online Column: …