Baltimore has filed a lawsuit against fintech company MoneyLion, alleging the app traps residents in high-cost, short-term loans known as “Instacash.” City officials say the company’s misleading ...

Scholar calls for regulatory protections for small businesses facing abusive lending practices. Levitin explains that, ...

In 2017, the federal government was poised to give low-income consumers a respite from the myriad abuses and rip-offs visited on them by the payday lending industry. The Consumer Financial Protection ...

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 ...

Defenders of Colorado's law say payday lenders have been skirting the state's voter-approved interest rate limit.

Federal appeals court upholds Colorado’s right to apply its interest rate limits to loans made by out-of-state banks to state ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

One in 30 homeowners in Philadelphia has been hurt by predatory lenders who target people who live in moderate-income neighborhoods and whose homes are often their only asset, illustrating a problem ...

The primary sponsor of a bill to reform predatory lending practices in South Carolina says recent reports of its death are at least somewhat exaggerated. “I think there’ve been some good discussions,” ...

The Securities and Exchange Commission (SEC) is taking tougher measures against schemes that have victimized and trapped thousands of Filipinos in “cycles of debt,” as it plans to impose ...

SALEM, Ore. (KATU) — The Oregon House of Representatives passed a bill on Feb. 27 aimed at protecting consumers from predatory lending practices by capping interest rates. The bill, HB2561, is backed ...