Politics Jun 09 House panel moves to block Obama regulations on payday loans WASHINGTON — A powerful House panel is coming to the aid of payday lenders, moving to delay Obama administration regulations aimed at cracking down on the much-criticized industry. By Andrew Taylor, Associated Press
Politics Jun 02 Watch 6:24 News Wrap: Obama cracks down on predatory payday loans In our news wrap Thursday, the Obama administration called for strict regulations on short-term, high-interest payday loans used by an estimated 12 million Americans each year. Also, Donald Trump picked up a major endorsement from House Speaker Paul Ryan after… By PBS News Hour
Economy Jan 29 Why are millennials turning to payday loans and pawn shops? More millennials are turning to payday loans and pawn shops for much needed cash -- moves that can provide immediate relief, but often result in deeper debt. By Kristen Doerer
Economy Jan 06 Watch 8:26 Fighting the debt trap of triple-digit interest rate payday loans Payday loans are supposed to be a short-term quick fix for those who can't get traditional credit. But the loans are rarely actually short-term, and borrowers frequently need to take out a second loan to pay off the first. Special… By PBS News Hour
Jan 06 Watch 3:34 Left behind by banks, poor Americans pay more to borrow By PBS News Hour It’s expensive to be poor. Unable to maintain a minimum balance or provide the necessary ID to open a bank account, many low-income Americans rely on fringe financial services like check cashing stores and payday lenders, which charge interest rates… Continue watching
Feb 01 Federal regulators plan payday loan rules to protect borrowers By Hope Yen, Associated Press Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first-ever rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt. Continue reading
Mar 16 Watch Payday Lenders Face Increasing Scrutiny Starting off a two-part look at plans to overhaul the nation's financial industries, Ray Suarez reports on the call for more regulation of payday lenders. These businesses have been criticized for preying on the poor by offering short-term, high-interest loans. Continue watching