by Alan Pyke Posted on March 25, 2014
Most people who use payday loans pay them back quickly, but the industry's profits rely entirely on those who get trapped in debt.
by Alan Pyke Posted on March 13, 2014
A Wells Fargo instructional manual allegedly showed staff how to falsify documents and create missing ones that the bank needed for foreclosures.
by Alan Pyke Posted on March 11, 2014
In just the last eight months, members of the armed forces have reported almost 4,000 separate instances of debt collector harassment.
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by Alan Pyke Posted on March 7, 2014
Payday loan interest rates average 339 percent nationwide. Louisiana legislators want to cap rates at 36 percent in their state.
by Alan Pyke Posted on March 1, 2014
Only 15 states prohibit high-interest payday loans, and that could fall to 14 if a pair of Pennsylania Republicans get their way.
by Alan Pyke Posted on February 20, 2014
Wall Street's entry into being America's landlord is set to explode over the coming years. That's great for banks, but probably terrible for their tenants.
by Alan Pyke Posted on February 18, 2014
The companies that profit off of the 401(k) system are pleased to report that America's retirement accounts have never been so full.
by Alan Pyke Posted on February 14, 2014
By a 44-37 margin, Americans support replacing predatory cash-advance companies with the U.S. Postal Service.
by Alan Pyke Posted on February 12, 2014 Updated: February 12, 2014
House conservatives who oppose the Consumer Financial Protection Bureau turned to Nazi comparisons.
by Alan Pyke Posted on February 10, 2014
The Department of Justice acted "as prosecutor, jury, and judge" in settling with JP Morgan unilaterally rather than seeking judicial review, the suit says.