New Orleans For working families payday loans pretty much define predatory lending. A family desperate for money takes a loan against their next paycheck. In years of campaigns ACORN Canada has won increased regulation of such loans in a number of provinces. The story in the United States where financial institutions of all sizes and …
Tag: payday loans
Laundry List for new Consumer Bureau
New Orleans After much sound and fury the Obama Administration seems to have slipped Professor Elizabeth Warren in through the side door of the White House to setup the new Consumer Financial Protection Bureau. It’s all confusing since the Bureau is squeezed between the Federal Reserve and Treasury Departments, and Warren herself has been snuck …
Payday Lending Loopholes
Takoma Park Financial reform for consumers has been in deep water and drowning ever since Rep. Barney Frank nixed the White House inserted CRA protection from the bill, but in the “something is better than nothing” world we’re forced to live in these days, at the least we have to draw the line at giving …