Consumer bureau seeks to limit payday lending

(Ross D. Franklin / AP)

The $50B industry markets itself as a helping hand for customers dealing with a short-term cash crunch, but borrowers often take out new loans, often many times over, to pay back the initial loans and their fees.

    Latest News

    Main Street Morning: Entrepreneurs on welfare

    Main Street Morning: Entrepreneurs on welfare

    osbapp; msmorning; bizpage; small business; business; economy; washington; startups; government; small business owners; jobs; congress; welfare;

    Pair of suburban office buildings drop $126M in value since 2007

    Pair of suburban office buildings drop $126M in value since 2007

    A slowdown in federal spending hurt. So did a growing desire by tenants to be closer to mass transit and places with a downtown feel.

    Why investors like AOL co-founder Steve Case are betting big on food

    Why investors like AOL co-founder Steve Case are betting big on food

    The food industry’s huge opportunities for disruption are now attracting one of tech’s biggest names.

    Washington’s most prophetic economy watchers

    Washington’s most prophetic economy watchers

    Last year, we asked local economists for their 2014 predictions. Here’s who had the best crystal ball.

    A surprising cost to posting negative reviews

    A surprising cost to posting negative reviews

    Some businesses are suing individuals for poor online reviews, citing defamation.

    Mortgage rates fall as Treasury yields decline

    Mortgage rates fall as Treasury yields decline

    The 30-year fixed-rate sinks to its lowest level since mid-February, dropping to 3.69 percent.

    Columnists

    Michelle Singletary

    Michelle Singletary

    Handling a heart-stopping letter from the IRS

    Take a deep breath, read through the notice carefully, then prepare to wait to talk to a live person at the agency.

    Barry Ritholtz

    Barry Ritholtz

    Ritholtz: Admitting my 2014 mistakes

    If a columnist writes about other people’s financial errors, he has to admit his own. Mea culpa.

    Allan Sloan

    Allan Sloan

    The Dow we know and love, but don’t really use

    Despite is high profile, the famous stock average isn’t useful as an investment tool.

    Thomas Heath

    Thomas Heath

    Kids’ playing time comes with a price tag

    Koa Sports’ board of directors includes prominent local names. The goal of the league’s programs, which can run as high as $1,200 per player, is to put fun ahead of everything else.

    Market News

    Stocks recover their poise ahead of US economic data

    Stocks recover their poise ahead of US economic data

    Global stock markets on Friday recovered their poise after the previous day’s losses when investors were spooked by the escalating conflict in Yemen. However, oil prices slipped back from Thursday’s sizeable advance when traders worried about the conflict’s impact on oil supplies.

    Wonkblog

    Between banks and unions, Democrats could be squeezed for campaign cash

    Between banks and unions, Democrats could be squeezed for campaign cash

    Both groups are reportedly withholding some donations to put pressure on lawmakers.

    Why Americans overwhelmingly prefer fake maple syrup

    The geography and economy of maple syrup production.

    Why you shouldn’t lose sleep over the biggest ‘bubble’ in the markets today

    Why you shouldn’t lose sleep over the biggest ‘bubble’ in the markets today

    Bonds have crazy-low yields, but don’t call them a bubble.

    More from Wonkblog

    On Leadership

    Only one elected U.S. official makes this year’s ‘world’s greatest leaders’ list

    Only one elected U.S. official makes this year’s ‘world’s greatest leaders’ list

    There’s a serious and alarming lack of leadership in elected office today, and this list is just another reminder.

    Yet another advantage to having more women on boards

    Yet another advantage to having more women on boards

    Boards with higher numbers of women tend to ask for more top-ranked advice, a new study finds.

    More from On Leadership

    Get There

    The case for not paying off your mortgage by retirement

    The case for not paying off your mortgage by retirement

    Being debt free doesn’t beat having cash in the bank, one financial adviser argues.

    Some TurboTax customers had refunds stolen after they filed

    Some TurboTax customers had refunds stolen after they filed

    All of the customers had elected to have their filing fees pulled from their refunds