LANSING — The Michigan Senate voted Thursday to significantly cap what payday lenders charge borrowers for short-term loans, a big step forward for efforts to crack down on a "predatory" industry that ...

Payday loans come with high-interest rates and fees that mean you could pay 25% of the loan value or more for a two-week loan. With annual percentage rates (APRs) or 400% or more, if you aren’t able ...

Payday loans seem like a convenient way to get some extra cash when you need it most before your next check arrives, but that convenience could come at a higher cost than you anticipated. These loans ...

If you have to borrow money to fix your car so you can get to work and have no alternative but to take out a payday or car title loan, at least be sure you understand what you’re signing up for. What ...

ORLANDO, Fla. – “Need money NOW?” “Instant cash!” “No credit check!” Not too long ago, your average payday lender was a strip mall storefront wedged between businesses like a laundromat, a pizzeria, a ...

(NNPA) – New research from the Center for Responsible Lending has found payday lenders are nearly eight times more concentrated in California’s Black and Latino neighborhoods as compared to White ...

In today's high-cost, high-stress economy, it can be tempting to turn to your short-term borrowing options, like credit cards and payday loans, just to stay afloat between paychecks. But while payday ...

Illinois got rid of storefront payday loans. But savvy marketing campaigns have tricked consumers into turning back to paying ...

Proposition S will appear on the March 7 primary election ballot and ask voters to approve charging a $5,000 annual permit fee for short-term lending institutions – such as payday loan stores – to ...

Randy Hutchinson is the president of the Better Business Bureau of the Mid-South. If you have to borrow money to fix your car so you can get to work and have no alternative but to take out a payday or ...