New Orleans In the US we are seven years out from the Great Recession, depending on how you count the pain and mark the scars. Homeowners have lost their homes through 7 million foreclosures in that period. More than 9 million homeowners are still underwater, owing more than the value of their homes now, with the banks, like …
Tag: predatory lending
Predators Cashing in on the Wild West of the Internet
New Orleans The on-going fight against predatory and payday lenders is becoming a whack-a-mole operation. Every time we put a cap on them in one state or province or another, too many of them just jump on the internet and charge whatever they want wherever they want, including of course places where such charges are …
Employer Facilitated Workplace Loans Skirting Payday Loan Restrictions
New Orleans A bunch of payday lenders skirted state by state bans on payday lending by offering their predatory products directly through the internet. New York State and some others are suing to stop these practices, but as soon as one snake’s head is cut off, another one seems to crop up and one of the …