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At least six federal agencies including the Justice and Treasury departments are coordinating a broad probe of online payday lenders that charge enormous interest and fees to low-income borrowers who need quick cash. Read more»

Title Credit Finance Home Page

Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation's military bases are surrounded by storefront lenders who charge high annual percentage rates, sometimes exceeding 400 percent. Read more»

Of the $43.2 million raised by Restore Our Future, the pro-Romney super PAC, $20.5 million came from finance industry donors. Read more»

In the battle to shield themselves from lawsuits and oversight, some high-interest payday lenders have found unlikely allies: Native American tribes. Some lenders claim tribal sovereignty allows them to operate outside state laws — even when they’re making loans to non-Native Americans living far from Indian lands. Read more»

The fine print in the sweeping overhaul of the U.S. financial system proposed by Sen. Christopher Dodd reveals loopholes, ambiguities and unanswered questions about some key players – among them a new consumer protection bureau, credit-rating companies and payday lenders. Read more»

A payday loan shop in Raeford, North Carolina.

The influential $42 billion-a-year payday lending industry, thriving from a surge in emergency loans to people struggling through the recession, is pouring record sums into lobbying, campaign contributions, and public relations – and getting results. Read more»