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 ...
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.
The Biden administration sued a Texas land developer accused of duping tens of thousands of Hispanic residents. Trump’s DOJ ...
Many Americans continue to find it challenging to keep up with the rising cost of living. Most Americans’ household finances feel insecure – especially people who live paycheck to paycheck with little ...
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 ...
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 ...
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 ...
$68M Houston Settlement: Predatory Lending Alleged A land developer must halt new residential sales for three years to settle federal and state allegations it targeted Hispanic borrowers with ...
SEATTLE, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Radix Financial Group, a financial services firm with over $600 million secured in funding for small businesses, today announced the launch of Go SBA Express ...
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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 ...
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.
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