More than a dozen states and the District of Columbia currently prohibit payday lenders and other short-term loan companies from charging exorbitant interest rates on their financial products. Last night, the residents of South Dakota added their state to that list, voting to cap interest rates on short-term loans at 36%. [More]
While companies like Target, Walmart, and IKEA have been announcing increases to their employee minimum wage one by one, some cities — and states — have take it upon themselves to approve across the board wage increases for residents. Joining the list that already includes Seattle, Los Angeles, and the state of California, the Washington, D.C. council approved a measure that would raise the minimum wage to $15/hour by 2020. [More]
The Consumerist has been nominated for “Best Writing of a Weblog” and “Best Topical Weblog” in the 2009 Bloggies. Let’s get out the vote and win this thing!
That’s right, despite having its budget slashed and being put up for sale, Consumerist still rocked 2008 with a bunch of cool and/or ridiculously awesome posts, and now we’re in the running for the Best Blog in the 2008 Weblog Awards. You can cast your vote here. Frankly, we haven’t even heard of some of the competitors. Gawk-er? What is that, a peeping tom site? Boing boing? Who names this stuff?