Tag: payday loans
Paul Kiel: Feds Put Forward New Payday Rules as Lenders Scramble to Evade ThemMarch 2015
New rules put forward by the Consumer Financial Protection Bureau would have a major impact on the high-cost loan industry. But if history is any guide, lenders will quickly find some loopholes.
Paul Kiel: Protecting Soldiers from Predatory LendingJune 2014
To protect service members, the Defense Department plans broad ban on high-cost loans.
Paul Kiel: Whack-a-MoleAugust 2013
When states crack down, predatory lenders bounce right back.
Paul Kiel: The 182 Percent LoanMay 2013
How installment lenders put borrowers in a world of hurt.