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Americans are Innumerate and Broke
And not just the ones I tell stories about from my clinical law teaching. Some of our readers have written in to say that these clients of ours, these title loan and payday loan customers, are idiots...
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New Panel Data!
The Fed has just released their data from the 2007-2009 panel Survey of Consumer Finances. The SCF, conducted every three years, includes hundreds of variables on the assets, liabilities, income, and...
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Payday Loans and the Tribal Sovereignty Model
Think about what happens when you pit tribal sovereign immunity against effective consumer protection laws. In my view, no one wins. Yet payday lenders are now very actively seeking tribes with whom...
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Online Payday Lenders Seek More Respect and Less Oversight: Call Them What...
On-line lenders who are not tribal or offshore claim that they need the same lack of oversight that the tribal and onshore on-line lenders are getting. Otherwise, it isn’t fair to them. Hmmm….....
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Payday and Title Loan News Today
If you are interested in two fascinating stories on payday and title lending, check out these two links. The payday article is entitled Payday Lenders Using Courts to Create Modern-Day Debtors’...
View ArticleLenders Use Courts to Create Modern Debtors’ Prison
Payday lenders use courts to create modern debtors’ prison Wakita Shaw’s troubles started with a $425 payday loan, the kind of high-interest, short-term debt that seldom ends well for the borrower. But...
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