Posted on February 3, 2016

Citing the current volatility in US equity markets, non-bank consumer lender Elevate has decide to withdraw its proposed initial public offering of common shares. 

Elevate is the company behind Rise, Sunny, and Elastic. I recently wrote about Elastic, the line of credit product that Elevate markets in tandem with Republic Bank of Kentucky and a variety of subsidiaries owned by Victory Park Capital. 

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Posted on February 1, 2016

There are several flavors of payday loans. They are all bitter, but some are not even legal.

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Posted on January 26, 2016

Harvest Capital's critique doesn't add up.

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Posted on January 12, 2016

They're back. But free? Nothing is free.

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Posted on January 4, 2016

Companies serving the underbanked continued to have difficulties in 2015.

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Posted on December 21, 2015

This is the list of the fifteen banks that took in the most revenue from consumer overdrafts during the first three quarters of 2015.

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Posted on December 17, 2015

The Secrets of Overdraft: How Banks are Making Billions on Our Small Dollar Mistakes” 

Using newly published federal  data, I show that banks are on pace to generate more than $10 billion in overdraft fees from consumer transaction accounts.   

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Connecting the Dots: How Wall Street Brings Fringe Lending to Main Street

At-risk students, for-profit college

"I Feel Like I was Set Up to Fail: Inside a For-Profit College Nightmare."

This story was published in Salon Magazine on January 27th, 2014. In March, Senator Richard Durbin cited this story when speaking on behalf of his bill, The Student Loan Borrowers Bill of Rights.

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