They market themselves as a fast, financial fix. But now some players in the payday loan industry are accused of using the pandemic to target distressed and out-of-work consumers. It is a situation ...

Illinois, which has nearly as many registered short-term lenders (548) as it has McDonald's stores, is one of 11 states that allow payday loans with unlimited fees. A battle has developed in ...

Seeking to stop the cycle of unsophisticated borrowers getting trapped in a recurring cycle of debt, multiple states have imposed regulations on payday lenders in recent years – regulations that will ...

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The Illinois state legislature passed a bill Thursday that will impose a 36% interest rate cap on all consumer loans, including payday and car title loans. Illinois becomes the 18 th state plus the ...

When Cobi was 23 years old, he had a steady job, but it didn’t pay enough for him to save up and move out of his mom’s place on Chicago’s West Side. He planned on supplementing his income with an ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

CHICAGO — For those living paycheck to paycheck — or really anyone in need of a loan to get by until that next paycheck — a short-term loan or payday loans as they are called, can seem like a ...

Tyler O'Neil is senior editor at The Daily Signal and the author of two books: "Making Hate Pay: The Corruption of the Southern Poverty Law Center," and "The Woketopus: The Dark Money Cabal ...

A new state law that takes effect Tuesday puts new restrictions on payday loans to prevent people from being gouged by high fees and costs. Here is a look at the new rules, according to information ...

MANHATTAN (CN) — Standing up for vulnerable Americans whom the Covid-19 pandemic has brought to the brink, seven attorneys general joined New York’s top prosecutor Tuesday in a court challenge of ...