U.S. Supreme Court Hears City’s Case Against Predatory Lending.

 
When banks lenders charge more to people of color, who is hurt? The individual, obviously, but what about the city? The U.S. Supreme Court has taken up the question and will soon decide whether a city has the authority to sue for predatory lending under the Fair Housing Act.

Obama Speaks Out In Support of Payday Loan Regulations

Many low-income families rely on payday loans to stretch their money from paycheck to paycheck. But these short-term loans often take advantage of consumers. That's why President Obama and the Consumer Financial Protection Bureau are calling for regulations that balance credit availability and predatory lending protections.