Tag: Consumer Financial Protection Bureau

Payday Loan Customers Know More about Short Term Loans than Voters with no Payday Loan History

What is it that makes some folks look down on the payday lending industry, alternative financial products and the companies that offer these types of loans? New data from a recent survey indicates that misrepresentations being spread around instead of facts and actual experience may be partly responsible. In fact, these very factors may we…




Federal Trade Commission Puts a Hurting on Several Shady Debt Collectors

It doesn’t get much lower than this: A debt collection representative called an 84 year old woman and notified her that they had a warrant for the woman’s daughter. Another mother was then told she would not be able to see her kids. Yet another collector is alleged to have constantly harassed consumers over outstanding…




Democrats, Republicans and the Payday Lending Industry

It might be easy to assume that the regulations on the payday lending industry are pretty clear cut between states that are controlled by Republicans or Democrats. A new study conducted by the experts at Auburn University however, seems to indicate quite the opposite. The study was completed in August of 2015 and it may…