Tag: diane standaert

Ohioans lose more than $500 Million to payday, car title loan fees

Ohioans lose more than $500 Million to payday, car title loan fees

| November 24, 2015

By Charlene Crowell NNPA Columnist Despite a landslide voter decision in 2008 to cap payday lending rates at 28 percent, the state’s small-dollar, high-cost lending has continued to grow and now doubles the amount of fees charged a decade ago. Each year Ohio consumers who only needed a small dollar loan wind up with more […]

Read More

New forms of predatory lending threaten consumers

New forms of predatory lending threaten consumers

| October 20, 2015

By Charlene Crowell NNPA Columnist Over the past decade, no state has authorized either predatory payday or car title loans. That consumer financial progress came about through a combination of state and local advocates working with state lawmakers to bring a sense of financial fairness to their local communities. But just like a bad penny […]

Read More

Congress urges stronger action against payday loan vendors

Congress urges stronger action against payday loan vendors

| July 27, 2015

Charlene Crowell By Charlene Crowell NNPA Columnist The Federal Trade Commission (FTC) will provide $32 million in relief to consumers who were caught in a maze of charges and fees designed to trap them in payday loans they never authorized. The enforcement action announced July 7, affects two lenders based in Kansas City, Mo., who […]

Read More