Hang on tight to your money belts, payday lenders. The legislative ground seems to be shifting beneath you in the Ohio House and could end up swallowing you whole. The days of sky-high annual percent ...

In 2017, the federal government was poised to give low-income consumers a respite from the myriad abuses and rip-offs visited on them by the payday lending industry. The Consumer Financial Protection ...

If you've ever taken out a payday loan, you know how quickly things can spiral with this type of debt. After all, these types of loans, which are marketed as a quick fix between paychecks, come with ...

I read with great concern Jamie Frauenberg's April 4 letter to the editor defending an APR of 391 percent on payday loans. First, the idea that payday loans prevent bankruptcy doesn't even pass the ...

Following a Supreme Court ruling in May, the federal government is expected to get tougher on regulating payday lenders and other firms that offer high-interest, short-term loans. This type of lending ...

Every year, more than 12 million borrowers take out payday loans in more than 20 states where this type of lending is allowed and interest rate caps are not in place. The interest rate on these loans ...

Trevor Storrs’s recent op-ed (“Predatory lending in disguise — the truth about payday loans in Alaska”) repeats the familiar talking points: payday loans are “seawater to the thirsty,” caps at 36% are ...

NEW YORK (AP) — The Consumer Financial Protection Bureau said Thursday that apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and therefore subject to ...

Colin Beresford is a writer and editor experienced in helping people make the best decisions with their money, whether it's buying a car or taking on a loan. He has written for Bloomberg, The ...