Post Profile

How Private Probation Perpetuates Debtors' Prisons

There might be an industry more appalling than the payday lenders who trap low-income Americans into high-interest loans they know can never be repaid. It turns out, private probation companies do much the same thing - except they can also have you arrested, and placed in jail on the public dime. It works like this: You're hit with a minor infraction, like a driving violation.
read more


Related Posts

Report: Auto Title Loans Just As Bad, If Not Worse Than Payday Loans; Should Face Same Rules

Lifestyle / Shopping : The Consumerist

Each year millions of consumers turn to high-interest, short-term loans to make ends meet. While you may be more familiar with payday lenders who charge triple-digit interest rates with the goal of trapping borrowers into taking out...

Money Minute: Payday Lender ACE Cash Express Pays Up

Business & Finance / Investing : Daily Finance

If you took out a loan from ACE Cash Express you may be entitled to a refund. ACE Cash Express, a so-called "payday lender," which provides small loans with very high interest rates that must be repaid quickly, is accused of harassi...

Predatory Payday Lenders Threatening Churches in Missouri

US Politics / Liberal : Crooks and Liars

enlarge Payday lending is just a gentle term for loan sharking. Payday lenders give signature loans to people against future paychecks, locking them in with incredibly high interest rates. Missouri's laws are some of the most lax on...

Payday Loan Companies Make Their Money By Trapping Customers In Debt

US Politics / Liberal : ThinkProgress: Justice

Most people who use payday loans pay them back quickly, but the industry's profits rely entirely on those who get trapped in debt. The post Payday Loan Companies Make Their Money By Trapping Customers In Debt appeared first on Think...

Regulators crack down on Alphabet-backed payday lender

Technology : Post Tech

Just months after Google banned payday loan advertisements, regulators have cracked down on a similar type of company backed by the venture capital arm of Google's parent company, Alphabet. The company, California-based LendUp, bill...


Copyright © 2016 Regator, LLC