Radar

David Dayen, celebrated finance journalist, features Community Check Cashing in a CDFI/CCC-focused article in Salon!

One little storefront in Oakland cannot change the world. Or maybe it can. With enough funding, a non-profit foothold in the small-dollar loan market can ease the burden of perpetual debt on vulnerable communities. And Community Check Cashing’s […]

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Originally published at NonProfitPro, written by Tivoni Devor:

The payday loan industry generates $11 billion in revenue. It is also a hated, predatory sector that uses its size to influence legislation in order to keep it alive and growing. It’s an industry that everybody hates, but nobody has a clear answer on how to […]

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Via The Guardian on October 1, 2015: We’ve created a world where personal data gets passed back and forth between credit agencies, data brokers, and corporations, and we’re obviously not doing a great job of designing and safeguarding those pathways. A system out of control!

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Via Techcrunch on 9/30: SoFi has expanded from Student Loan refinancing to other types of credit, including personal loans and mortgages. It will be interesting to see how the Majors react as these “marketplace” upstarts continue to make noise…

 

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written by Dan Leibsohn

Payday Loans

The issue of payday lending and other high interest installment loans for mostly low income people with poor credit has become a large issue throughout the country recently. The Consumer Financial Protection Bureau (CFPB) has brought this issue into even greater focus recently with the announcement of its […]

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