payday lender

(Banking & Finance) a person or group that offers short-term loans, in advance of payday, at high rates of interest

payday lending n

References in periodicals archive ?

When these cards are overdrawn, the payday lender then can reach into the consumers bank account and charge the overdraft fee, piling on further debts.

United States : Udall, Heinrich Cosponsor SAFE Lending Act To Protect Consumers From Predatory Practices In Online Payday Lending

Mick Mulvaney's Consumer Financial Protection Bureau (CFPB) quietly closed an investigation into a payday lender headquartered in Mulvaney's home state Monday.

CFPB Drops Investigation Into Payday Lender That Contributed To Mulvaney Campaigns

Most of us regard banks as more reputable and fair than payday lenders, and so it is a bitter irony that it is a better deal for some people who need short-term credit to go to a payday lender than to go to their high street bank.

Bank fees 'more than payday lenders'

Citizens Advice found a number cases where a payday lender asked Follow us on Twitter: @WalesOnline people to share their internet banking details including login and password so a lender could directly access their account and adjust funds without advance permission from the borrower.

Payday lenders 'trapping people with loans they cannot afford'

British payday lender Wonga is expected to reveal that its losses roughly doubled last year, amid tighter regulations, Sky News reported on Tuesday.

Wonga losses attributed to payday price cap

The guidance comes after payday lender Wonga recently launched a new advertising campaign featuring "hard-working dinner ladies and mums" after ditching its controversial puppet ads.

Rules tighten on TV loans; BRITAIN TODAY

Given the different constrains on interest rates and other aspects of the payday loan products, we empirically examine the relationship between the number of payday lender stores and various demographic and economic characteristics.

Banks and payday lenders: friends or foes?

The UK's biggest payday lender, Wonga, is shedding 325 jobs due to the impact the rules have on its profit.

100 payday lenders quit due to caps

MOUNTAIN VIEW -- Deadlier than a loan shark is the predatory payday lender.

Community groups help borrowers out of payday loan debt traps

Recurring payments A recurring payment (otherwise known as a continuous payment authority) lets the payday lender take money directly from your account on the repayment date.

Fend off those payday moans; The People's Champion

This basically gives the payday lender the right to dip into your bank account or credit card and take your money.

What you need to know when it comes to payday borrowing

Its findings suggest that someone who is turned away by a payday lender is twice as likely to go a loan shark as they are to seek help from a credit union.