Category: Credit
All-cash companies. Too good to be true?
Even if these companies are not intrinsically predatory, their play for the most part seems to be using their databases to get around the exorbitant real estate agent, appraisal, and closing fees, and I suspect collect…
Microfinance is now a mega-mess
by Wade Rathke New Orleans A little less than a decade ago, in mid-2011, ACORN International stirred up a bit of a hornets’ nest by opposing the international development consensus in a series of reports we…
They sued thousands of borrowers during the pandemic — Until we started asking questions
Months into the pandemic, a lender that markets to Latino immigrants continued to sue borrowers after they lost jobs and missed payments. But they reversed course when we started asking questions. by Kiah Collier and Ren…
Trump team greenlights predatory payday lending
by Wade Rathke New Orleans We can count the days until we pray that’s it is over, but until then the drumbeat of woe is bound to continue. The gutted Consumer Financial Protection Bureau proved…
The Billionaire and Right-Wing’s racist lies about Redlining
New Orleans With the Office of the Comptroller of the Currency leading the way to gut the Community Reinvestment Act along with some other federal regulators, the last thing we should be doing is having to…
How credit cards make us more unequal
Credit card companies fleece retailers to give high-end spenders cash back — a system the rest of us end up subsidizing. By Sam Pizzigati | February 10, 2020 What happens when we use our credit cards?…
