Clik here to view.
Meet Educational Credit Management Corporation, the arm-breakers of the...
A private contractor to student debt-holders has a special legal department that goes to bankruptcy court to argue that student loans shouldn't be discharged in bankruptcy, ever. The Educational...
View ArticleClik here to view.
Predatory lenders trick Google into serving ads to desperate, broke searchers
Google bans ads by predatory lenders who promise foreclosure prevention and high-rate short-term loans, but they do allow payday loan ads; when you search for "need rent money fast," the predatory...
View ArticleClik here to view.
Stop paying your student loans and debt collectors can send US Marshals to...
Student debt is a life-destroying trap, engineered by Wall Street and backed by the US government. (more…)
View ArticleClik here to view.
Support the Consumer Financial Protection Bureau's action against predatory...
The predatory payday lending industry -- "'legalized loan sharks collect 75 percent of their fees from people stuck in more than 10 loans a year by charging 300 percent APR" -- is lobbying hard to...
View ArticleClik here to view.
Betsy DeVos ends ban on crooked loan-collectors in the student debt biz
Education secretary (and Ponzi-scheme billionaire heiress, anti-public-education crusader, and sister of notorious war criminal Eric Prince) Betsy DeVos just killed the recent Department of...
View ArticleClik here to view.
Senate Democrat is about to take the brakes off predatory payday lenders
Back in July, Senator Mark Warner [D-VA, @MarkWarner, 202-224-2023] introduced S.1642 - The Protecting Consumers' Access to Credit Act of 2017, which bans states from capping the interest rates...
View ArticleClik here to view.
Wall Street and Trump are about to kill the CFPB, the only government agency...
The Consumer Financial Protection Bureau (previously) is practically the only US regulator we can be proud of -- founded by Elizabeth Warren before she ran for the Senate, the CFRB is a consumer...
View ArticleClik here to view.
States suspend your driver's license over inability to pay court fines,...
Massive income inequality, combined with Republican attacks on the taxation of the wealthiest, has produced a situation in which the state increasingly depends on extracting fines, interest and debt...
View ArticleClik here to view.
Trump's "consumer protection bureau" will let the $50B payday lending...
The Consumer Financial Protection Bureau, founded by Elizabeth Warren prior to her career as a senator, was once the gem of the US political system, a consistently effective force for punishing...
View ArticleClik here to view.
California's lax usury laws means out-of-state loan sharks are charging...
California regulates payday loans (good thing, since Trump's about to kill the federal rules preventing payday loansharking), but not "installment loans" of $2,500 to $5,000 and that means that...
View ArticleKansas judge tells government debt collectors they can't hound a broke...
In 1991, Vicky Jo Metz borrowed $16,613 to pay for tuition; now she's 59, and has paid back 90% of that money -- and she still owes $67,277. Metz is broke and has filed for bankruptcy. But thanks to a...
View ArticleSanders and AOC team up for an anti-loansharking bill that will replace...
Yesterday, Senator Bernie Sanders and Rep Alexandria Ocasio-Cortez jointly introduced The Loan Shark Prevention Act, which will cap credit card interest rates at 15% (and closes the loopholes that...
View ArticleIn Kansas's poor, sick places, hospitals and debt collectors send the ailing...
Kansas is a living laboratory for far-right experimentation with extreme economic cruelty: a state where Medicare expansions were thwarted, where xenophobia has penetrated the state bureaucracy, where...
View Article
