LANSING — The Michigan Senate voted Thursday to significantly cap what payday lenders charge borrowers for short-term loans, a big step forward for efforts to crack down on a "predatory" industry that ...

In today's high-cost, high-stress economy, it can be tempting to turn to your short-term borrowing options, like credit cards and payday loans, just to stay afloat between paychecks. But while payday ...

Randy Hutchinson is the president of the Better Business Bureau of the Mid-South. If you have to borrow money to fix your car so you can get to work and have no alternative but to take out a payday or ...

For many years payday loans dominated the short term lending world. They offered quick cash to people who needed emergency money but at a very high cost. Traditional payday loans often came with ...

While many states have moved to end or restrict payday lending, a new study finds that Texas remains a lucrative place for ...

(NNPA) – New research from the Center for Responsible Lending has found payday lenders are nearly eight times more concentrated in California’s Black and Latino neighborhoods as compared to White ...

ORLANDO, Fla. – “Need money NOW?” “Instant cash!” “No credit check!” Not too long ago, your average payday lender was a strip mall storefront wedged between businesses like a laundromat, a pizzeria, a ...

By contrast, same-day emergency loans do not require you to fax documents or go through complicated verifications. This is ...

LANSING — Michigan lawmakers voted Thursday to require the state to report and make public information about the payday lending industry for seven years, backing a bill that is supported by the ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

If you have to borrow money to fix your car so you can get to work and have no alternative but to take out a payday or car title loan, at least be sure you understand what you’re signing up for. What ...