The predatory payday lending industry -- "'legalized loan sharks collect 75 percent of their fees from people stuck in more than 10 loans a year by charging 300 percent APR" -- is lobbying hard to kill the proposed Consumer Financial Protection Bureau's proposed "debt trap" rule, "that would require lenders to determine whether borrowers can afford to pay back their loans and cut off repeated debit attempts that rack up fees and make it harder for consumers to get out of debt."
These small, sensible steps are the bare minimum to protect the most vulnerable, poorest Americans from the exploitative usury industry.
With one click, you can send an email to the CFPB in support of this move, pushing back against the payday lenders' big money lobbyists.
Payday lenders shouldn’t be able to trap millions of Americans in a cycle of debt they can’t escape. Your comment was sent to the Consumer Financial Protection Bureau, in an effort to urge them to regulate payday lenders and ensure that hard-earned money stays in the hands of those who earn it – and not in the hands of payday loan sharks.
Stop Payday Predators
(via Naked Capitalism)
In The Surprising Breadth of Harbingers of Failure (Sci-Hub mirror), a trio of economists and business-school profs build on a 2015 Journal of Marketing Research paper that claimed that some households' purchasing preferences are a reliable indicator of which products will fail -- that is, if households in a certain ZIP code like a product, […]
On Friday, googlers staged a workplace rally demanding the reinstatement of two suspended co-workers who'd been involved in workplace organizing against collaboration with ICE and tolerance for homophobia; on Monday, four of the organizers of the rally were fired.
The 1941 Disney animator's strike was bitterly fought, as Walt Disney refused to grant the concessions that all the other animation studios had agreed to, and instead grew paranoid and accusatory, convinced the "Communist infiltrators" had turned his animators against him.
Weighted blankets are officially a thing. And if you’ve ever tried one, you know there’s a reason for the fuss. Parents have known for generations that swaddling a baby has a profound calming effect, and the gentle pressure that blanket weights provide can have the same effect on restless sleepers. Pretty much all parts of […]
Walk through any office, and you will likely spot a few bobbleheads. These wobbly figurines are great fun to have around, although most celebrate people we will never meet. For something a little more personal, try Handmade Custom Bobbleheads. These mini caricatures are sculpted and painted by skilled artisans, based on any photo you provide. […]
In the early days of the web, everyone wanted a .com domain for their site. As a result, all the good ones got snapped up. But .com no longer has the cachet it once did. In fact, many new businesses and individuals are opting for other top-level domain extensions. One of the most memorable is […]