Acknowledging that a previous law did not go far enough, the Defense Department has proposed new rules to protect service members from high-cost lenders.
October 13, 2014 • 4:00 PM • Share
USA Discounters, pledging to change how it pursues military debtors, will now be known as USA Living.
October 8, 2014 • 2:00 PM • Share
A 1968 federal law allows collectors to take 25 percent of debtors’ wages, or every penny in their bank accounts.
September 22, 2014 • 4:00 PM • Share
Courts are required to appoint attorneys for service members if they are sued and can’t appear. But the law says little about what those lawyers must do. Some companies have taken advantage.
August 1, 2014 • 4:00 PM • Share
With stores near military bases across the country, the retailer USA Discounters offers easy credit to service members. But when those loans go bad, the company uses the local courts near its Virginia headquarters to file suits by the thousands.
July 31, 2014 • 4:00 PM • Share
Acknowledging that a previous law did not go far enough, the Defense Department says it needs to expand rules.
June 6, 2014 • 2:00 PM • Share
TitleMax, one of the fastest growing high-cost lenders in the country, has found a clever way around laws passed by several Texas cities: offer an initial loan at zero percent interest.
September 9, 2013 • 2:00 PM • Share
In state after state that has tried to ban payday and similar loans, the industry has found ways to continue to peddle them.
August 15, 2013 • 2:00 PM • Share
Last year, activists in Missouri tried to limit what high-cost lenders can charge. The ensuing fight exposed something that rarely comes into view so vividly: the high-cost lending industry’s ferocious efforts to stay legal and stay in business.
August 8, 2013 • 10:00 AM • Share
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Casey N. Cep