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Arkansans Against Abusive Payday Lending
After over six years of work by the Coalition known as Arkansans Against Abusive Payday Lending (AAAPL), the last predatory payday lender left the state of .
http://www.stoppaydaypredators.org/

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Payday lenders respond to Attorney General McDaniel's crackdown ...
that shows 101 of the 156 payday lenders ordered by Arkansas Attorney . On March 18, 2008, Attorney General McDaniel ordered all 156 licensed and . a few months has significantly reduced the number of predatory payday lenders in our .
http://www.stoppaydaypredators.org/press/Payday%20lenders%20respond%20to%20Attorney%20General%20McDaniel's%20crackdown;%20most%20comply,%20some%20defy.pdf

The Predators' Creditors
Their predatory practices have made the industry a favorite object of ridicule. The Washington Post referred to payday lending as “legalized parasitism” in a 2008 .
http://showdowninamerica.org/files/payday-final-091410.pdf

Predatory lending - Wikipedia, the free encyclopedia
Short-term loans with disproportionally high fees, such as payday loans, credit card late fees, . Such parties consider predatory lending a pejorative term. . In an article in the January 17, 2008 New York Times, George Mason University .
http://en.wikipedia.org/wiki/Predatory_lending

Taking the Predator Out of Lending: The Role Played by Community ...
poor by predatory vendors, payday lenders, and subprime mortgage brokers, it is . 2009 the foreclosure rate increased by another 21% from 2008 and 120% .
http://www.coas.howard.edu/centeronraceandwealth/reports&publications/0810-taking-the-predator-out-of-lending.pdf

Additional findings from the survey are:

  • Eliminating Payday Lending: A Model for Other States
    Feb 1, 2012 . The last payday lender in Arkansas closes . Predatory Payday Lending . followed in November 2008 by an Arkansas Supreme Court .
    http://southernpartners.org/assets/SBCP_WKKF_KnowledgeProducts_20120201_PL.pdf

  • DeCoteau: The new money changers
    Apr 28, 2008 . Fast-forward to 2008, on the brink, some say, of the worst financial crisis since . practices, such as payday loans and loans against tax refunds, also known as . Now predators are reaching directly into Natives' pockets for .
    http://www.sdibaonline.org/Archive/DeCoteauThenewmoneychangers.pdf

  • Big Banks Finance Billions in Predatory Payday Lending
    Dec 6, 2011 . Big Banks Finance Billions in Predatory Payday Lending . mentioned banks received TARP bailout funds in 2008-09 and have benefited from .
    http://readersupportednews.org/news-section2/320-80/8762-big-banks-finance-billions-in-predatory-payday-lending

On introductory bonuses, the survey found that:

  • A 36% APR cap on high-cost loans promotes financial recovery
    2008 tax rebate was designed to . In May of 2008, the IRS sent . Payday lending alone costs American families $4.2 billion in predatory fees, while other types .
    http://www.responsiblelending.org/payday-lending/policy-legislation/congress/payday-and-the-economy.pdf

  • Legal Tips & Commentary: Payday Loan Pitfalls
    Sunday, September 14, 2008 . Payday loans are short-term loans where a borrower writes a postdated check to a lender who . If you have been the victim of a predatory payday loan or simply see no way out of your financial struggles, .
    http://blog.chs-law.com/2008/09/payday-loan-pitfalls.html

  • Testimony on HB 182: Payday Lending | Kentucky Center for ...
    Feb 16, 2011 . In 2008, Kentuckians paid upwards of 400 percent APR on an estimated three . When we say “predatory fees” we refer only to those fees paid by borrowers . Just 2.5 percent of payday lending revenue was generated by .
    http://www.kypolicy.org/Testimony-HB-182

Predatory
Apr 13, 2012 . companies for making predatory payday loans; charging higher fees and interest rates than . in 2008, Wells Fargo provided a $33.3 million .
http://b.3cdn.net/seiumaster/8d12293e77f902e9d0_55m6bvs8o.pdf

The Predators' Creditors: How the Biggest Banks are Bankrolling the ...
Feb 25, 2012 . Big banks financing major payday lenders received $105 billion in TARP funds in . late 2008. Bank of America received $45 billion, and Wells .
http://www.virginia-organizing.org/content/predators%E2%80%99-creditors-how-biggest-banks-are-bankrolling-payday-loan-industry

For more information for boomer consumers, see my blog 20 fixed mortgage rate yr.

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