Houston The United States Postal Service is looking for a way to become more self-sufficient in an era where email has increasingly replaced stamped letters and bills more than love letters flood mailboxes. In a recent report, they have suggested that providing financial services to the “underserved” might be the ticket, and I for one …
Tag: predatory loans
Big Data Finally Helping Poor Fight Predatory Payday Lenders
Oshawa, Ontario For a change, big data seems to have been enlisted in a good fight rather than for spying on us or selling politicians and schlock. With the recent action of the state legislature Alabama became the thirteenth state along with Illinois and Florida to require payday lenders to report their customers to a …
World Acceptance Pay Day Lending Rip-offs
New Orleans Most cases of payday lending abuse come to me in the normal channels, which is to say right from the mouths of the victims. This time the shock and awe at the abuses of some payday lenders, like that of large, but low profile small loan, payday lender, World Acceptance, are so offensive …