Economy Feb 06

Payday loans shop Photo by Steve Rhodes/Flickr
Financial watchdog to gut its payday lending rules

Consumer Financial Protection Bureau is getting rid of a requirement that lenders make sure borrowers could afford to repay a payday loan without being stuck in a cycle of debt, a standard known as "ability to repay."…

Dec 15

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Life in the cash economy for “underbanked” Americans

Nearly 20% of low income US households are "underbanked," according to the FDIC. But is providing access to traditional, mainstream financial services the best solution for everyone? A professor does double duty as a New York City check casher and…