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Credit unions remake themselves in image of payday lenders

By Ben Hallman

Credit unions remake themselves in image of payday lenders

Excerpts from this story referencing "Credit":

"… nd education without the profit motive of traditional banks. The National Credit Union Administration (NCUA), which supervises and insures about 4,600 fede …"

"… itted to charge for any other product.  Last September, the National Credit Union Administration raised the annual interest rate cap to 28 percent fro …"

"… more than three of these loans to a single borrower in a six-month period. Credit unions are not allowed to roll over the loans, a practice that typical pay …"

"… ng them to charge significantly more in fees. At Mountain America Federal Credit Union in Utah, a five-day $100 “MyInstaCash” loan costs $12, which wor …"

Maryland challenges online payday lender owned by tribal member

By Amy Biegelsen

Western Sky Financial’s website features a logo with three teepees and a toll-free number for customers to apply for an overnight loan. A no

Payday lenders boost spending on lobbying, campaigns as consumer agency takes shape

By Julie Vorman

Payday lenders more than doubled their spending on federal lobbying to $9.2 million in 2009-10, an investment that defeated Congressional at

Excerpts from this story referencing "Debt":

"… or Public Integrity reported in a February investigation as part of its “Debt Deception” series. Several Internet-based payday lenders say they are en …"

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Fights over tribal payday lenders show challenges of financial reform

By Michael Hudson and David Heath

High-interest payday lenders are teaming up with Native Americans to shield their online businesses from lawsuits and consumer-lending regul

Excerpts from this story referencing "Debt":

"… “We decline to comment on matters in litigation.”‘Revolving Door of Debt’The federal government has mostly left oversight of payday lenders up to …"

With 6 car dealers in Congress, industry revs up horsepower on Capitol Hill

By Kimberly Leonard

Car dealers rev up horsepower on Capitol Hill

Broad reach of new consumer financial agency may fall short in some areas

By David Heath

The Consumer Financial Protection Bureau that opens on July 21 faces Republican lawmakers who want to chip away at its power, companies that
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Excerpts from this story referencing "Debt":

"… rtise.     …"

States are battleground in drive to regulate lawsuit funding

By Ben Hallman and Caitlin Ginley

The latest story in the Center's "Betting on Justice" series about the fast-growing litigation finance industry looks at lobbying efforts in

Lawsuit loans add new risk for the injured

By Binyamin Appelbaum and Ben Hallman

The business of lending to plaintiffs has blossomed over the past decade, part of a growing trend in which banks and hedge funds seeking unt

Elizabeth Warren's hands tied in payday lending oversight

The new Consumer Financial Protection Bureau is given broad powers to regulate non-traditional financial institutions. But it can't cap the

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