Posted on April 20, 2016

There is plenty in the CFPB's new report on payday lending that re-iterates why it is important to have a strong payday rule. But perhaps the most interesting part is how it reveals the ways that banks are complicit in trapping consumers in the cycle of debt.

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Posted on April 4, 2016

Americans are spending a lot on overdraft fees.

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Posted on March 30, 2016

People are borrowing from Conn's to buy electronics and furniture that they really can't afford. As those vintages mature, the cost of easy credit is becoming more and more apparent.

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Posted on March 22, 2016

High fees and overdraft are the hallmarks of second-chance checking accounts. Some banks no longer offer these accounts, and instead are emphasizing checkless DDA accounts and prepaid cards.

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Posted on February 25, 2016

It seems to be the case that Green Dot is going to put Harvest Capital's plan into its playbook.

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Posted on February 22, 2016

Don't believe they hype. No one makes a free non-recourse loan. The new free RAL is neither free nor transparent.

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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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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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