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“We wanted competition against the banks, we’ve got competition against the banks in the form of the payday loan, and now there’s an outcry that it’s too expensive – and yet it’s cheaper than the banks,” said Ms Walton, who is also the ...

Payday lenders warned of clampdown

That did not stop Stella Creasy MP from denouncing the company for "legal loan-sharking". She wants interest rate caps on payday lenders, which Mr Damelin said he did not support. Wonga hit back at Ms Creasy's remarks. In a public letter it said that ...

Payday loans: legal loan-sharking or a better bet than the banks?

While D&B does substantial debt collection work for payday lenders, Ms Christian said she supported government proposals to reform the sector by limiting the level of interest that could be charged on short-term loans. "It was a long time coming," she said ...

D&B chief backs payday loan curbs

On average, clients with payday loan debts had eight debts, while those without payday loans had five, said Ms Guy. Borrowers’ increasing reliance on high-cost loans to solve deeper financial problems flies in the face of advice from politicians and ...

Calls grow for clamp on payday lenders

Unless you work in the banking industry or a non-bank financial business like a mortgage company, debt-collecting or payday lending ... Private student loan lenders will continue to operate in the shadows. The bureau was created by the Dodd ...

GOP senators and the consumers’ loss

Ms. Gaskin said that FICO was still tweaking the credit ... Will that be fully and fairly reflected on the report? Payday loans are another issue, she said. “Payday loans and other high-cost credit are very onerous, and people have trouble ...

A Credit Score That Tracks You More Closely

payday loans, and other consumer products. The Republican Party is vehemently opposed to this agency as demonstrated by their filibuster against its proposed director, Richard Cordray. Against this backdrop it is critical that supporters of Ms. Warren ...

Don't buy GOP's smears of Warren

"Battle looming over Missouri payday loan restrictions" (Nov. 25 ... home-based or center-based care or individual babysitters. As Ms. Cambria's series highlighted, Missouri needs to do more to protect children in child care settings.

Letters to the editor, December 4

Ms. Lambkins asked rhetorically ... that’s one thing but you have this kind of conflict where people are taking out payday loans at exorbitant interest rates and that’s real tragic.” The huge push by advertisers and high spending among ...

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