Archive for the ‘New Hampshire payday loan’ Category

Latinos, Blacks and seniors targeted for high expense loans

Monday, January 11th, 2021

Latinos, Blacks and seniors targeted for high expense loans

Payday Lenders Strip Florida Borrowers of $2.5 Billion in charges, Despite State Law

Contact: Joe Rendeiro jrendeiro@nclr.org 202-776-1566

MIAMI—Floridians have actually compensated a lot more than $2.5 billion in charges on high-cost pay day loans throughout the final ten years, based on brand brand new research by the guts for accountable Lending (CRL). Further, within the most recently reported one-year duration, June 2014 through May 2015, over $311 million in charges had been compensated on loans averaging almost $400. These along with other findings from a written report entitled Perfect Storm: Payday Lenders Harm people Despite State Law refute present claims that an state that is existing has protected customers into the Sunshine State and may be utilized being a model for the country.

Today, CRL joined up with the nationwide Council of Los Angeles Raza (NCLR), Latino Leadership, Inc. plus the Florida Alliance for customer Protection in a phone press briefing where specialists examined just exactly how Florida’s payday financing regulations are not able to protect borrowers, enabling loan providers to a target communities of color.

“Our analysis demonstrates that regulations did absolutely nothing to stop your debt trap,” said Brandon Coleman, co-author associated with the report and a CRL Policy Counsel. (more…)

Payday advances a scourge, but nevertheless a need

Thursday, January 7th, 2021

Payday advances a scourge, but nevertheless a need

Fourteen states prohibit payday lending, calling it predatory. The authorities is stepping in, too. But also for those that require the cash, you can find few choices.

3, 2016 september

  • By Simon Montlake Staff Writer

A trio of outsized blue guitars mounted on a telegraph pole face onto the fertile farmlands of the Mississippi Delta at a highway junction outside town. In blues mythology, this crossroads is The Crossroads, where guitar player Robert Johnson traded his soul towards the devil for musical genius. (more…)