Earned wage advance apps are exploiting vulnerable Americans with high-interest debt, warns Consumer Financial Protection Bureau and advocates.

Indiana lawmakers are considering legislation that would allow payday lenders to issue loans at rates currently considered criminal loan sharking. The Indiana House narrowly passed a measure last ...

Lawmakers are pitching the proposal as a lifeline for the little guy – protection from greedy bankers and payday vultures.

The Indiana House has approved a bill that would allow payday lenders to issue loans up to $5,000 with staggering interest rates as high as 149%. The loans would target subprime borrowers ...

A new cap on payday debt will not stop loan sharks making millions from preying on Britain’s poorest, shadow consumer affairs minister Stella Creasy said yesterday. The amount of fees and interest ...

Just like that, “loan shark prevention” becomes “loan shark ... It’s not even consistently applied. Payday loans using a linearized APR under the Truth in Lending Act calculated by ...

Payday lenders have hired lobbyists with close ... not rolling out the red carpet for loan sharks in suits. The Indiana Senate must reject this proposal before it turns financial hardship into ...

Bernie Sanders and Alexandria Ocasio-Cortez are at it again, hawking their “Loan Shark Prevention Act” with a shiny new 10% APR cap. Worse, they each have a Republican joined up ...