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payday lending
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Wall St. Journal: Financial Watchdog’s Key Tool: Consumers’ Complaints
Wall Street Journal — Thousands of consumer complaints about credit cards, home loans, debt collectors and payday loans are turning into a pivotal tool for a new federal consumer watchdog as it steps up scrutiny over the financial system.
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News 12 Bronx: Gov. Andrew Cuomo Cracks Down on Illegal Online Payday Loans
News 12 Bronx — Gov. Andrew Cuomo is cracking down on online companies offering illegal payday loans.
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Daily News: Cuomo Guts the Loansharks
Daily News — With little fanfare or warning, the Cuomo administration has dealt a crippling blow to the payday lending industry, an unsavory collection of financial bottom-dwellers who profit by saddling the desperate and the unwary with loans that frequently exceed 700% — and in some cases, even top 1,000% in annual interest charges.
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Times Union: Cuomo Cracks Down on Payday Lenders
Times Union — Gov. Andrew Cuomo and his financial services Superintendent Ben Lawsky are announcing a crackdown this morning on on-line payday lenders who charge annual interest rates as high as 1,095 percent.
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Times Union: State Targets ‘Payday Lenders’
Times Union — Gov. Andrew Cuomo and financial services Superintendent Ben Lawsky are cracking down on Internet-based “payday lenders” who charge annual interest rates as high as 1,095 percent.
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The Case for Banning Payday Lending: Snapshots from Four Key States
A report comparing efforts to regulate or ban payday lending in New York, California, Illinois and North Carolina. The four organizations that co-authored the report offer their perspective as financial justice advocates in the thick of payday lending battles in their home states.