predatory lending

Reparations and a conversation about America's redemption

April 1, 2015 - Last week, writer Ta-Nehisi Coates of The Atlantic and several scholars gathered at Duke University to discuss reparations and the moral debt the U.S. owes to African Americans for centuries of oppression. While resistance to reparations is great, the panelists discussed why a serious consideration of them could transform the country.

To dodge law, high-cost lender offers cash for free

September 5, 2013 - After several Texas cities passed laws banned certain high-cost lending practices, a company called TitleMax found a way around them: It's giving away cash for free to lure in customers who can then find themselves stuck with loans that have annual interest rates as high as 310 percent.

In North Carolina, full speed in reverse

January 30, 2013 - The legislative session that starts today promises to bring big changes to North Carolina as the leaders of the once-progressive state seek to slash unemployment insurance, create a more regressive tax code, impose voter ID requirements, increase private control of public schools, and enshrine right-to-work in the state constitution.

Cracking down on abusive lenders: it works

February 24, 2006 - Each year, consumers lose $25 billion due to predatory mortgages, payday loans, and other lending abuses like overdraft loans, excessive credit card debt, and tax refund loans. These nefarious banking practices strip away wealth from low-income people and communities, and transfer them to powerful finance interests.