Loan Sharks

The Latest

Payday loan expansion means fast money and cycle of debt for Michigan's poor, bishops say

Dec 2, 2020

A Michigan proposal to quadruple the maximum lending amount allowed for payday lenders would exploit the poor and trap many... Read more

Nebraskans vote to limit 'exploitative' payday loans

Nov 4, 2020

Voters in Nebraska sided with efforts to limit payday loans, passing an initiative Tuesday that the Nebraska Catholic Conference had... Read more

US Catholic bishops lament end to federal limits on payday loans

Jul 13, 2020

The revocation of restrictions on payday lenders by the Consumer Financial Protection Bureau exposes poor and vulnerable persons to 'predatory... Read more

Catholics leaders in US call for nationwide limit on payday loan interest

Feb 13, 2020

Catholics in the US are pushing for a national, bipartisan bill that would limit the interest rate on payday and... Read more

In bill veto, Oklahoma takes a stand against loan sharks

May 9, 2017

The governor of Oklahoma vetoed a bill that would have drastically increased the interest rates of payday loans, joining the... Read more