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PaydayLenders

As many as 60 million Americans have limited or no access to banking services, and many of them will get tax refunds this spring. Typically, this is where payday lenders come in, cashing the checks for big fees, but now there's a new cashier offering to do it for much less: Walmart.
Payday lenders already get a bad rap for offering high-priced loans to cash-strapped consumers. Now here's another reason that cash advance outlets may come under attack: Researchers say the proliferation of payday lenders in low-to-moderate income neighborhoods fuels violent crime and drives down...
Dr. Boyce Watkins recently took Montel Williams to task, in a fairly mild way, for the daytime talk icon's decision to serve as a spokesman for Money Mutual, a payday lender. Watkins writes that "No, Montel is not a crook. And neither are Magic Johnson and Russell Simmons, two other people who...
In an op-ed piece (subscription required) in the Wall Street Journal, Virginia governor Tim Kaine explains a new loan program being offered to state employees: the Virginia State Employee Loan Program, "a unique partnership between the Virginia State Employee Assistance Fund and the Virginia Credit...
Three years ago more than 250 payday lenders were doing business in Arkansas. As of this week, all are out of business.Arkansas represented a unique opportunity for opponents of payday lending. The state constitution includes a cap on interest rates that state officials and advocates used to drive...
Have you ever wondered how smart your state is? If you look closely at the decisions made in your statehouse the evidence may be all too clear. But just in case your gut isn't good enough, now you can see how your state's IQ measures up to its neighbors. The data has been compiled from several...
This post is part of a series about real-life signs we're in a recession. For years, I've lived by a couple rules. For instance, I never eat yellow snow, and I never step foot inside one of those payday lending establishments.Well, at least my yellow snow rule is still intact.Like many Americans,...

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