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predatory lending

News
‘Buy now, pay later’ plans come with costly catches
Buy now, pay later (BNPL) plans increasingly are being offered as a convenient credit alternative that enables purchases to be made in installments, typically four payments over six weeks. The so-called “fintech” (financial technology) companies offering these plans often advertise them as providing consumers interest-free payments with no impact to credit scores. 
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Pressley, legislators call for state bank
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News
Pressley, legislators call for state bank
With Massachusetts residents continuing to struggle in the wake of the COVID-19 pandemic, advocates and lawmakers have taken the opportunity to promote an out-of-the-box solution — putting banking power, primarily lending capabilities, in the hands of the state.
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News
Biden signs bill to curb predatory lending
In recent years, consumer finance protections withered through a series of harsh attacks that either outright rejected or significantly diminished financial guardrails in the marketplace. But a new consumer victory, urged by a groundswell of support from everyday people, academicians, and bicameral legislators, signals an important step toward fair financial rules. 
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Momentum builds to rein in predatory lending
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Business
Momentum builds to rein in predatory lending
As the nation and much of the world continue to suffer from the rippling effects of COVID-19, the ability of consumers to remain current on bills and expenses is steadily waning – if not already gone.
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