January 21, 2016 Yahoo Finance U.S. agency seeks $1.3 bln in racecar driver’s payday lending case U.S. regulators have asked a federal judge in Nevada to order a professional racecar driver and various entities he and his late brother controlled to pay more than $1.32 billion for engaging in a scheme to deceive payday lending customers. For more coverage: Law360 …
UNITE HERE: 32 Community Organizations Call on Lone Star Funds to Stop Predatory Payday Lending
DALLAS–(BUSINESS WIRE)–UNITE HERE announced that 32 consumer advocacy and fair lending organizations are calling on Lone Star Funds to end predatory payday lending. The organizations published an open letter calling for fair lending practices at Lone Star Funds’ DFC Global, a major payday lender. “Today, we’re calling on Lone Star Funds to stop trapping borrowers in a cycle of debt.” …
Payday News, week of January 15, 2016
February 2016 Sojourners How to Practice Safe Banking Advertised as “EZ Cash” and “24-7 Finance,” the perils of payday loans, with exorbitant interest rates upward of 300 percent, trap households in long-term debt. January 15, 2016 The Digital Universe Orem lawmaker continues proposals to reign in payday lenders An Orem lawmaker continues to push measures that regulate payday lending firms …
Payday News, December 21 – January 8
January 5, 2016 The Hill Blog Stop the debt trap Gary Kalman from CRL posted a response to Jeffrey H. Joseph’s blog about the CFPB rule on payday loans. January 6, 2016 PBS Newshour Fighting the debt trap of triple-digit interest rate payday loans South Dakota has been the epicenter of high interest since the 1980s, when the state repealed …