The Federal Deposit Insurance Corporation (FDIC) Supervisory Policy on Predatory Lending (FDIC FIL-6-2007) describes certain characteristics of predatory lending and reaffirms that such activities are ...
Predatory lending might sound like a finance buzzword, but its impact is all too real. Picture signing up for a loan that seems like a quick fix, only to discover hidden fees and sky-high interest ...
Many Americans continue to find it challenging to keep up with the rising cost of living. Most Americans’ household finances feel insecure – especially people who live paycheck to paycheck with little ...
Financial technology companies that issue loans through mobile apps at annual interest rates above 330 %, marketing these loans as earned wage access (EWA), are quietly draining the financial ...
In December 2025, the City of Baltimore initiated a lawsuit against Dave Inc. (Nasdaq: DAVE), a Los Angeles-based financial technology company.
Through a $1 billion settlement announced by New York Attorney General Letitia James, Yellowstone Capital agreed to wipe out more than $534 million in debt of its small-business clients. It resolves ...
The city of Baltimore has lodged a lawsuit against MoneyLion, alleging that the fintech company runs a modern-day payday lending scheme that manipulates residents into taking out high-cost, frequent, ...
SEATTLE, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Radix Financial Group, a financial services firm with over $600 million secured in funding for small businesses, today announced the launch of Go SBA Express ...
Albany, N.Y. — Private equity company Yellowstone Capital will pay $1 billion to settle predatory lending charges, the state attorney general’s office said Wednesday. The Houston-based private equity ...
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