Illinois got rid of storefront payday loans. But savvy marketing campaigns have tricked consumers into turning back to paying ...

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Could there be unintended consequences to ending the payday loan industry in Illinois? Legislation awaiting the governor’s signature could shut down the payday lending industry in Illinois, but payday ...

SPRINGFIELD -- On average, Illinois payday loan businesses charge a 520 percent interest rate, but one state senator has introduced legislation to cap that at 36 percent. Advocates for the industry, ...

They market themselves as a fast, financial fix. But now some players in the payday loan industry are accused of using the pandemic to target distressed and out-of-work consumers. It is a situation ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

Seeking to stop the cycle of unsophisticated borrowers getting trapped in a recurring cycle of debt, multiple states have imposed regulations on payday lenders in recent years – regulations that will ...

When Cobi was 23 years old, he had a steady job, but it didn’t pay enough for him to save up and move out of his mom’s place on Chicago’s West Side. He planned on supplementing his income with an ...

Trevor Storrs’s recent op-ed (“Predatory lending in disguise — the truth about payday loans in Alaska”) repeats the familiar talking points: payday loans are “seawater to the thirsty,” caps at 36% are ...

SPRINGFIELD, Ill. (AP) -- Lawmakers moved closer to a crackdown on the state's payday loan business Tuesday when the Illinois House voted to cap the size and interest rates of short-term loans. Payday ...

Dori Zinn has been a personal finance journalist for more than a decade. Aside from her work for Forbes, her bylines have appeared on CNET, Yahoo! Finance, New York Times, Quartz, Inc. and more. She ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...