Payday Lenders at Play on Caribbean Yachts
More than 150 other customers said in Federal Trade Commission complaints that debt collectors calling for CashJar and CashYes harassed them. One borrower says in an interview that CashJar contacted...
View ArticleThe Legal Trick Payday Lenders Are Using to Skirt the Law
A 60-year-old Navy veteran needed money fast. So he did what far too many people do in that situation and applied for a short-term “payday-type” loan. When all was said and done, he was charged well...
View ArticleFederal Agency Says Payday Loan Customers Bilked out of Millions
Federal authorities have asked a U.S. district judge to freeze the business activity and assets of a network of payday loan companies purportedly controlled by two local men. The Federal Trade...
View ArticleCFPB Files Suit Against Payday Lender
A federal judge has temporarily halted the operations of an online payday lender at the request of the Consumer Financial Protection Bureau, which claims the company illegally deposited payday loans...
View ArticleThis Multi-Billion Dollar Industry Is Ravaging America’s Working Class
Right now, 12 million Americans are caught up in a cycle of loans that boast interest rates of 400 percent or more. Borrowers will spend an average of 212 days out of the year repaying these loans, and...
View ArticleRelease: Aggressive Campaign Targeting Payday Lenders Launched as CFPB...
Effort Will Expose Industry’s Destructive and Underhanded Practices And Encourage Consumer Financial Protection Bureau to Crack Down WASHINGTON, DC – A new campaign launching today will aggressively...
View ArticleOpinion: Time to End Payday Loan Industry’s Escape Act
For more than 12 million American men and women who are lured into the payday loan debt trap each year, escape from a crushing debt cycle can feel impossible. Meanwhile, the payday loan industry has...
View ArticleYear in Review 2014
It was quite a year for Preyday Lenders. This week we interrupt our regularly scheduled weekly release of a new predator profile with a look back at those we profiled in 2014. We’ll be back next week...
View ArticleClik here to view.
Payday Lenders Gather for ‘Luxurious’ Conference at California Golf Resort
Each year, payday lenders from around the country gather together for the annual meeting and conference of the Community Financial Services Association of America – a payday lending industry trade...
View Article