As a part of the Defense Reauthorization Bill of 2007, Senators Jim Talent, R-Mo., and Bill Nelson, D-Fl, introduced a bipartisan amendment that caps interest rates for all loans to service members ...

Payday loans end up being very costly for families, particularly minorities and those of low income, writes Raul Arce-Contreras. A Dollarwise payday loan store is seen in Kent, WA. Payday loans end up ...

According to a 2023 report from the Center for Responsible Lending (CRL), 27 states across the country allow payday lending companies to issue single-payment loans with triple-digit interest rates. In ...

For many years payday loans dominated the short term lending world. They offered quick cash to people who needed emergency money but at a very high cost. Traditional payday loans often came with ...

A payday loan is a short-term, high-cost loan meant to be repaid on your next payday. Payday loans are easily available if you’re 18 or older, have a valid ID, a bank account and proof of income.

A recent academic study found payday lending targets Black and Latino communities. Mississippi residents who take financial literacy course can obtain low-interest loans. Payday loan industry says ...

Payday loans look like an easy answer to a real cash shortage. but their costs can skyrocket quickly. One woman tells her ...

Payday loans widely condemned as predatory are still freely available in Texas — for a staggeringly steep price — even as a new state law will block cities from adopting new ordinances addressing the ...

Dori Zinn has been a personal finance journalist for more than a decade. Aside from her work for Forbes, her bylines have appeared on CNET, Yahoo! Finance, New York Times, Quartz, Inc. and more. She ...