Research & Updates

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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Interested in how Payday loans compare to the other financial issues faced by underbanked populations? You’re in luck! In the following draft PDF, CDF founder Dan Leibsohn shares draft research conclusions from data generated through CDF’s flagship Community Check Cashing nonprofit money services storefront.

Click to view or download via PDF: Payday Loans, Debt […]

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Community Check Cashing, the only nonprofit check cashing store in the country located in the Fruitvale neighborhood of Oakland, California, offers much lower prices, provides financial coaching for individuals and groups, maintains ties to banks and credit unions for referring people for accounts and loans, and develops policy proposals. It has saved an estimated $1.2 million for its customers […]

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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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Originally published on The Huffington Post.

There has been lots of controversy over the U.S. Postal Service’s plan to sell off dozens of post office properties across the country by a real estate firm chaired by the husband of the Senior U.S. Senator from California, presumably to raise money to save the agency. […]

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Originally published on The Huffington Post.

Almost four years ago, I wrote about a new non-profit check cashing and payday lender that opened in the Fruitvale area of Oakland, California in the San Francisco Bay Area. This alternative to private sector financial parasites, for-profit check cashers and […]

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Originally published on BankAct.org.

In January of this year, the Office of Inspector General of the U.S. Postal Service published “Providing Non-Bank Financial Services for the Underserved,” arguing that that the Post Office (PO) could provide financial services at significantly lower rates than check cashing and pay day lenders charge. These postal banking services, the […]

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