Family Finances

State Laws Put Installment Loan Borrowers at Risk

BY: - November 5, 2018

When Americans borrow money, most use credit cards, loans from banks or credit unions, or financing from retailers or manufacturers. Those with low credit scores sometimes borrow from payday or auto title lenders, which have been the subject of significant research and regulatory scrutiny in recent years. Another segment of the nonbank consumer credit market—installment […]

States Facing Increased Risk from Online Lending

BY: - September 10, 2015

The Pew Charitable Trusts Typically advertised as short-term emergency loans, payday loans, in reality, keep borrowers in debt for an average of five months. Fourteen states and the District of Columbia ban payday lending, but lenders continue to find ways to offer online payday loans to residents of these states as well as others around […]

Best of #StateReads: N. C. Regulators Miss Catching Cheating Businesses

BY: - August 29, 2012

This week’s collection of #StateReads shows how a lack of cooperation among North Carolina regulators let businesses avoid buying workers’ compensation insurance, how Alaska may be able to boost its waning oil production and why Texas is rethinking a law making repeat offenses for prostitution a felony. These examples of extraordinary journalism about state government […]