National religious leaders staged a virtual “pray-in” Feb. 22 to emphasize the power of prayer and Scripture in the effort to end predatory lending in the U.S. Members of the Faith and Credit Roundtable, a project of the Center for…
Reins on payday lending called good start
Consumer advocates welcomed new rules proposed by the federal government to rein in abuses in payday lending, a nearly $40 billion industry currently regulated by the states. Regulations released June 2 by the Consumer Financial Protection Bureau, a five-year-old federal…
What’s the matter with Florida?
To channel Thomas Frank who famously asked “What’s the matter with Kansas?” — I have the same question for the Sunshine State. What’s the matter with Florida? Or, more specifically, what’s the matter with the (almost) entire Florida Congressional Delegation…
Payday loans and potato chips
“Payday loans are the Lay’s potato chips of finance; you can’t have just one and they’re terrible for you.” Comedian John Oliver dropped that line during a segment on his new show Last Week Tonight back in August. The HBO…