Predatory lending might sound like a finance buzzword, but its impact is all too real. Picture signing up for a loan that seems like a quick fix, only to discover hidden fees and sky-high interest ...
The Federal Deposit Insurance Corporation (FDIC) Supervisory Policy on Predatory Lending (FDIC FIL-6-2007) describes certain characteristics of predatory lending and reaffirms that such activities are ...
Many Americans continue to find it challenging to keep up with the rising cost of living. Most Americans’ household finances feel insecure – especially people who live paycheck to paycheck with little ...
Financial technology companies that issue loans through mobile apps at annual interest rates above 330 %, marketing these loans as earned wage access (EWA), are quietly draining the financial ...
In December 2025, the City of Baltimore initiated a lawsuit against Dave Inc. (Nasdaq: DAVE), a Los Angeles-based financial ...
Through a $1 billion settlement announced by New York Attorney General Letitia James, Yellowstone Capital agreed to wipe out more than $534 million in debt of its small-business clients. It resolves ...
The city of Baltimore has lodged a lawsuit against MoneyLion, alleging that the fintech company runs a modern-day payday lending scheme that manipulates residents into taking out high-cost, frequent, ...
Imagine you learn a family member has defrauded your mother of $800,000 in home equity — and that they did it with help from an unscrupulous mortgage lender. This is the story of Reginald Byron ...
Petersburg City Council voted unanimously to pass more regulations on potentially predatory short-term loan establishments and limit the number of pawn shops allowed in the city during its meeting on ...
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