New Orleans Payday lenders are weeds that crack the sidewalk. Payday lenders are “broken window” signposts advertising lower income neighborhoods and tending to push communities and families over the edge. There may not be an area in North America that has been more effective in using city zoning policies to aggressively root out payday lenders …
Tag: predatory loans
Payday Lending Regs, Good; Not Going Far Enough, Bad!
New Orleans I was sitting next to an organizer from British Columbia while reading the reports on the new set of regulations being proposed by the Consumer Financial Protection Bureau on payday lending. We have fought payday lenders in Canada for over a decade and we’re batting over .500, but a long way from a …
Plenty of Good Proposals for Replacing Payday Lending
New Orleans Enough of the negative, let’s go positive and not just talk today about how predatory payday lenders are and how they are ripping off lower income families and trapping them in a vicious spiral of debt, but instead look at the ideas and institutions that are doing something different. Let’s start with Senator …