As regular readers of Consumerist know, we’re not exactly fans of the payday loan industry. If we were snotty teens and lived in the same neighborhood as Mr. Payday, we’d leave a flaming bag of dog poo on his doorstep. That’s why it was so nice to see our disgust for payday loans shared by John Oliver on HBO’s Last Week Tonight. [More]
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![Is Cash America Getting Out Of The Payday Loan Business? Not Exactly](../../consumermediallc.files.wordpress.com/2014/07/payday-small.png?w=121&h=173&crop=1)
Is Cash America Getting Out Of The Payday Loan Business? Not Exactly
Sometimes there’s no better feeling than the one you get when you return to your so-called roots. Maybe that’s what Cash America International is looking for now that the company is making plans to separate itself from payday lending and returning to its first moneymaker: pawnshops. [More]
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Payday Lender To Pay $19 Million For Robo-Signed Collections & Overcharged Servicemembers
Last week, the Consumer Financial Protection Bureau took a big step toward reining in irresponsible, predatory lenders by taking its first enforcement action against a large payday loan operation accused of robo-signing court documents related to debt-collection lawsuits, illegally overcharging military servicemembers and their families, and trying to cover these actions up by destroying documents before the CFPB could investigate. [More]