This is the most expensive column I have ever written, as it cost me over $80 to research. I wanted to understand how millions of our fellow citizens manage between two paychecks – like 12 million Americans a year, according to The Pew Charitable Trusts — so I took outRead More →

If you need the cash – fast – make sure that a payday loan is really your last resort. Cash strapped consumers may have more options than they realize. The Consumer Financial Protection Bureau is to propose According to the agency, new rules to restrict payday lending practices can leadRead More →

Google, the search engine company of Alphabet Inc GOOGL, +0.14% announced plans Wednesday to ban payday lender ads. This decision comes after pressure from outside groups. More than 200 members of a coalition led by the Leadership Conference on Civil and Human Rights voted unanimously in December 2013 to urgeRead More →

Google on Wednesday said it would ban all advertisements for payday loans and related products on its website because they often result in unaffordable repayment terms and financial harm to consumers. David Graff, director of global product policy at Google, announced in a blog post that the global ban wouldRead More →

Payday loans, which tricking low-income borrowers into swapping temporary cash for unsustainable interest rates, are a blight on the US financial system. That’s why it’s such good news that Google will ban payday loan ads starting this summer. If you are unfamiliar with the practice of payday loans, you areRead More →

Google released a update of its advertising policy on personal loans this will impact many advertisers across all financial verticals. According to Google, ads and websites that promote dangerous payday loan offers will be banned from advertising with AdWords. …we prohibit advertisements for payday loans and certain related products fromRead More →

Imagine that you find yourself in some kind of financial crisis: the rent is due, but your car broke down a few weeks ago, gobbling up a few hundred dollars. Now you are small. You know your family and friends can’t help you, so you type the phrase “can’t doRead More →

The CFPB has published a new report titled “Online Payday Loan Paymentssummarizing data on returned ACH payments made by bank customers to repay certain online payday loans. The latest report is the third report released by the CFPB under its payday loan regulations. (Previous reports were published in AprilRead More →

Woman shares her story with The ABC News Fixer so others don’t suffer the same fate. Through THE ABC NEWS SECURE STEPHANIE ZIMMERMANN 20 October 2015, 15:35 • 4 minutes to read Share on FacebookShare on twitterEmail this article ?? – Dear ABC News fixer: I tried an online loanRead More →

More than a million people will see the cost of borrowing lower now that new price caps on payday loans have taken effect. However, early indications are that many of the biggest players in the industry will charge the maximum amount allowed by the new regime, instead taking the opportunityRead More →

Online payday loan operators threaten their customers, encourage loans designed for long-term debt, and charge exorbitant interest rates, according to a study by Pew Charitable Trusts. “Online lump sum loans typically cost $ 25 per $ 100 borrowed per pay period, an annual percentage rate of around 650%,” Pew noted.Read More →

RICHMOND, VA (WWBT) – Scammers have set up a sophisticated scheme to steal from people asking for emergency money through a company offering payday loan services. If you have to send money to borrow money, it is a bad decision. Jacob Coker has seen many red flags, he says, afterRead More →

RICHMOND, VA (WWBT) – Scammers have set up a sophisticated scheme to steal from people asking for emergency money through a company offering payday loan services. If you have to send money to borrow money, it is a bad decision. Jacob Coker has seen many red flags, he says, afterRead More →

Jamie Dimon, chief executive of JPMorgan Chase, pledged on Tuesday to change the way the bank deals with internet payday lenders that automatically withdraw payments from borrowers’ checking accounts. At an investor meeting on Tuesday, Dimon called the practice, which was featured in The New York Times on Sunday, “terrible.”Read More →

RICHMOND, VA (WWBT) – Local consumer advocates warn of an online payday loan company targeting the public. Tom Gallagher of the Richmond Better Business Bureau is sounding the alarm. Organization wary of online payday loan company called Qxlonline. “The very first thing they ask you, go right to their coverRead More →