Payday Loans News
Americans are dying with an average of $62k of debt
You're probably going to die with some debt to your name. Most people do. In fact, 73 percent of consumers had outstanding debt when they were reported as dead, according to December 2016 data provided to Credit.com by credit bureau Experian. Those consumers carried an average total balance of
The Wraith Black Badge sets a new standard for Rolls-Royce
In the latest edition of "Lifestyles of the Rich and Kendis," ABC's Kendis Gibson tests drives the $350,000 Rolls-Royce.
Trump administration wants freer hand to fire head of agency
The Trump administration is making a legal case that would make it easier for President Donald Trump to fire the head of the government's consumer finance watchdog agency
OPINION: Why the CFPB is in danger of getting 'trumped'
Just beyond the Trump swelter of the hour, lawmakers have been busy concocting plans to dismantle key achievements of the Obama years. Among those accomplishments currently targeted is a concerted effort to destroy, defang, scrap (feel free to select the word) the Consumer Financial Protection
Analysis: Trump's Dodd-Frank Rollback and the 'Little Guy'
Dear Readers: The ABC News Fixer works for the little guy. When this column helps someone who got overcharged on their cell phone bill or was underpaid on their insurance settlement, politics never enters into it. Having trouble with your mortgage? Bumped from a flight? Movers broke your furniture?
How Democratic VP Pick Tim Kaine's Camp Is Already Pushing Back on Liberal Critics
Democrats in Philadelphia are unlikely to greet Tim Kaine with a unified hero’s welcome when he takes the stage at the Democratic National Convention tonight. In fact, about 165 Bernie Sanders delegates answered a survey saying they’d be interested in “nonviolently and emphatically” protesting
Friday Rewind: Police Shooting of Alton Sterling
Taking a look back at this week's top stories, including the deadly police shooting of Alton Sterling.
Consumer Financial Protection Bureau to Crack Down on Payday Loan 'Debt Traps'
A federal consumer watchdog group proposed a new rule today aimed at cracking down on the payday loan industry, saying in a press release that "consumers are being set up to fail with loan payments that they are unable to repay." Payday loans, sometimes called "cash advances" or "check loans,"
Missouri Man Paid $50,000 in Interest After Taking $2,500 in Payday Loans
Small payday loans are touted as quick, short-term access to money, but people like Elliott Clark of Kansas City, Missouri, call them "debt traps." A retired and disabled Marine, Clark still has a hard time talking about the more than 5 years in which he says he struggled to pay $50,000 in interest
Google Will Ban Ads for Payday Loans
Google will ban ads by payday lenders, saying the new policy aims to protect people from "deceptive or harmful financial products." The tech giant announced today that it will ban ads for loans where repayment is due within 60 days of the date of issue. In the U.S., it will also ban ads for loans