Personal Finance Advice and Commentary

Tuesday, March 25, 2014 12:02 am
By Allison Ross ·

Some consumers end up paying more in fees than the amount of money initially borrowed.

Friday, March 02, 2012 10:22 am
By Marcie Geffner ·

Some financial scams never seem to die, no matter how many warnings government agencies issue to consumers. One example is payday loan collection schemes in which fraudsters call people who don’t actually owe such debts and demand immediate payment. The latest reminder to watch out for this scam comes from the Internet Crime Complaint Center,

Wednesday, January 25, 2012 1:39 pm
By Marcie Geffner ·

Payday lenders are in the spotlight — and not in a good way. The Consumer Financial Protection Bureau, or CFPB, now up and running with its new director, recently convened its first-ever field hearing to collect intel on the industry. Held in Birmingham, Ala., the hearing coincided with the publication of a new CFPB field

Monday, August 01, 2011 9:00 am
By Marcie Geffner ·

The Center for Responsible Lending has issued a scathing report charging that checking account advance loans offered by some U.S. banks are in no respect different from payday loans offered at nonbank storefronts. Here’s a summary from the July 21 report, “Big Bank Payday Loans”: While payday loans have typically been offered by non-bank payday