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Back ground on Predatory Banking & Payday Lending

Back ground on Predatory Banking & Payday Lending Topic Published year “Usury is a severe sin: it kills life, tramples regarding the dignity of men and women, is a car for corruption and hampers the normal good. It weakens the social and financial fundamentals of a nation.” -Pope...
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OFT forces payday loan providers out of market

OFT forces payday loan providers out of market The OFT published to 50 loans that are payday telling every one exactly exactly what it needed seriously to do in order to bring its financing methods based on the legislation. Almost a 3rd of this payday loan providers ordered...
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At a current legislative committee hearing, Frederick Haynes, pastor of Dallas’ Friendship-West Baptist Church, told the committee he thinks the industry intentionally chooses bad areas for the storefront operations.

At a current legislative committee hearing, Frederick Haynes, pastor of Dallas’ Friendship-West Baptist Church, told the committee he thinks the industry intentionally chooses bad areas for the storefront operations. “There are 20 of those inside a five-mile radius” of their church, Haynes stated. ” just what does that...
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