Community Legal Services (CLS) has long been a national leader in the fight against predatory lending and recently, as a result of a unique collaboration with the U.S. Attorney's Office, that work has ...
Apps like DailyPay and MoneyLion have already trapped workers in cycles of debt with fees averaging over 800% APR In an announcement this week, nearly 200 labor, consumer, and civil rights ...
Civil rights and labor advocates are urging California lawmakers to pass AB 2558, a bill that would cap the annual percentage ...
Despite the success of the anti-predatory lending law in keeping credit accessible to low-income New Mexicans at dramatically lower interest rates, threats to the law are looming.
Payday loans in our community are like seawater to the thirsty — they may seem like relief at first, but ultimately cause more harm than help. Recently, an op-ed was published (“Dunleavy was right to ...
Since the federal Truth in Lending Act doesn’t extend protections for small businesses seeking commercial loans, a handful of states, including New York, have stepped up to help small-business ...
This article originally appeared on ProPublica. In December 2023, the U.S. Justice Department sued a Texas land developer it accused of duping tens of thousands of Hispanic residents into predatory ...
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Root cause of predatory lending
Alarmed by exorbitant interest rates and other fees imposed by lending platforms, Finance Secretary Ralph Recto had ordered the Securities and Exchange Commission to adopt stricter measures on abusive ...
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