December 15, Palm Beach Post Holiday shopping: Gifts bought with “payday loans” come with hefty price tag
This piece features StopTheDebtTrap.org’s holiday payday lending release detailing how much popular toys would cost this year if bought with a payday loan.
More Coverage:
OzarksFirst: Holiday “Debt Hangover” Can Linger for Months
WSJM: Experts Urge Holiday Shoppers To Avoid Going Into Debt
San Francisco Gate: Christmas Loans: The Coal in Your Financial Stocking
Salina Journal: How to Protect Your Credit Score During the Holidays
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December 15, WRGT ABC22, Springfield pastor fed up with payday lenders
This tv news segment describes efforts by pastors and other advocates to urge Ohio lawmakers to regulate payday lending in the state.
December 15, The American Prospect: Trump Team Wants to Wipe Out Consumer Protections, and Obama Administration Just Handed Them the Tools
This article discusses concerns among progressives about how the OCC fintech charter could allow high-cost lenders to circumvent state consumer protections.
More Coverage:
The Nation: Obama Was Not An Economic Radical. Trump Will Be
December 15, Times Daily: Financial Literacy Report Should Raise Alarms
A recent report graded Alabama with a ‘D’ on its financial literacy, one indicator being the abundance of payday lending stores in the state.
December 15, Public News Service: Are Payday Lending ‘Debt Traps’ Leaving Families Hungry?
Oregonians are falling into debt traps due to payday loans despite the state having a 36 percent interest rate cap, leaving some families without money for basic needs such as food.