Monthly Archives: April 2020

As Ky. Payday lenders see dip in business, industry seeks forgivable loans

As members of Congress push to allow payday lenders access to federal loans, data shows their business in Kentucky plummeted precipitously when the pandemic hit. The industry processed about 20% fewer loans in March than the previous March, according to a monthly report provided to the Kentucky Department of Financial Institutions by loan processing firm […]

As Banks Cut Rates On Loans, Many Payday Lenders Are Still Charging As Much As They Can | New

Jodi Dean has seen first-hand what a spiral of debt can do to a family: stress, uncertainty and dependence on high-interest loans that can span years. Now, as the COVID-19 crisis leaves a million Canadians out of work, Dean has an idea of ​​where some of the most vulnerable will turn to pay their bills. […]