by Carol Thompson For those who run short on cash before the next paycheck arrives, payday lending companies can prevent financial hardship. Conversely, and according to some experts, the can often cause more hardship than they prevent. Known as predatory lending, the...
by Carol Thompson President Obama recently announced that the Department of Defense (DOD) is finalizing updated Military Lending Act rules that close harmful loopholes to better protect our troops and their families from financial abuse. For too long, predatory loans...
by Carol Thompson Washington’s relatively new agency, the Consumer Financial Protection Bureau, has been aggressively cracking down on those who have been taking advantage of consumers (see related story). The most recent action taken by the agency is...
by James O’Connor Two payday lending companies have settled Federal Trade Commission charges that they violated the law by charging consumers undisclosed and inflated fees. Under the proposed settlement, AMG Services, Inc. and MNE Services, Inc. will pay $21...
by Carol Thompson A data broker operation sold the sensitive personal information of hundreds of thousands of consumers – including Social Security and bank account numbers – to scammers who allegedly debited millions from their accounts, the Federal Trade Commission...
