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Community Financial Corporation

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Top Community Financial Corporation Articles see all

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  • Payday lender will pay $10 million to settle consumer bureau's claims

    Payday lender will pay $10 million to settle consumer bureau's claims
    Consumer advocates have long warned that payday lenders purposely try to lure borrowers into an expensive and debilitating cycle of debt. Now, the nation's consumer financial watchdog says it has proof.
  • Most payday loan borrowers get stuck in 'revolving door of debt'

    Most payday loan borrowers get stuck in 'revolving door of debt'
    WASHINGTON — Four out of five people who take out a short-term payday loan either roll it over or take out another one within two weeks, pushing them into a cycle of debt, according to a report to be released Tuesday by the Consumer Financial...

    Payday loans easy to get, hard to get out of

     
    Some state lawmakers want to allow payday loan stores to open in Pennsylvania, saying there are people who need access to that short-term credit despite the potentially high cost. Legislation made it through the House but not through the Senate...

    Payday loans are useful and legal

    Your recent editorial on payday lending ("Rein in payday loans," Aug. 25) is a rare combination of falsehood, misinterpretation, and bias. It presents an inaccurate picture of the payday loan industry, its customers and the important role short-term...

    No surprise: Los Angeles police union backs Bernard Parks' opponent

     
    The union representing rank-and-file LAPD officers has endorsed Forescee Hogan-Rowles in her bid to unseat City Councilman Bernard C. Parks, the former police chief who is running for his third term representing the 8th District in South Los Angeles.