An Oportun storefront in Austin, Texas. The company announced on Tuesday that it would drop all the lawsuits it has filed against borrowers who fell behind on payments, including during the pandemic. (Allie Goulding/The Texas Tribune)
Posted in Coronavirus Credit Debt Pro Publica

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…

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Posted in Columns Credit Income Equality Rathke: Chief Organizer Report

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…

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Posted in Analysis Banks Columns Community organizing Credit economic justice Housing Policy Neighborhoods Rathke: Chief Organizer Report

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…

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Posted in Banks Credit economic justice Income Equality Opinion OtherWords

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?…

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