As the groundswell of resentment to all things associated with debt grows, some communities are taking action to prevent payday lenders from setting up shop in their neighborhoods. Galveston City Council last week denied...
A group of Dallas-Fort Worth pastors are initiating a battle against car title and payday loan stores popping up in disadvantaged neighborhoods. The pastors are saying that the payday lenders are failing to offer...
Payday lenders provided $30.3 billion in loans to consumers in 2009 via their stores and an additional $8.2 billion in payday loans online, generating over $10 billion in profits. But many of those profits...
The FDIC announced the results of a two-year pilot program designed to help banks offer alternatives to payday loans that would be "safe, affordable and feasible." Under the test program, the FDIC worked with...
Law enforcement officials around the country are reporting that consumers who have applied for or received payday loans in the past are being targeted by scammers posing as debt collectors, federal agents, attorneys and...
State Representative Joe Farias has been fighting to get legislation passed that will regulate the 2,800 payday lenders in Texas and provide caps on loan interest rates which can increase up to 400% for...
As of July 1st Payday Loans stores are illegal in Arizona, should Texas follow their lead? After years of lobbying against payday loans which are predatory by their very nature, Arizona legislators have successfully...
