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All posts by ProPublica

  • When Lenders Sue, Quick Cash Can Turn Into a Lifetime of Debt

    by Paul Kiel ProPublica, Dec. 13, 2013, 10:47 a.m. A version of this story will be published in the St. Louis Post-Dispatch on Sunday. Five years ago, Naya Burks of St. Louis borrowed $1,000 from AmeriCash Loans....

    • Posted December 13, 2013
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  • Payday Lenders in Texas Try to Dodge Law

    by Paul Kiel ProPublica Alarmed by the explosion of high-cost lending in the state, cities across Texas have passed ordinances to prevent the cycle of debt that short-term, high-cost loans can create. But some big lenders are...

    • Posted September 3, 2013
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  • How Payday Lenders Fight to Stay Legal

    by Paul Kiel ProPublica, Aug. 2, 2013, 9 a.m. A version of this story was co-published with the St. Louis Post-Dispatch. As the Rev. Susan McCann stood outside a public library in Springfield, Mo., last year, she...

    • Posted August 2, 2013
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  • Bank of America Employees Allegedly Rewarded for Foreclosing

    Paul Kiel ProPublica Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees. The...

    • Posted June 17, 2013
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  • Soldiers Wounded by Debt, Not Bullets

    by Paul Kiel, ProPublica, and Mitchell Hartman, Marketplace, May 15, 2013, 5:50 a.m.by Paul Kiel and Krista Kjellman Schmidt, ProPublica, May 15 This story was co-produced with Marketplace. Listen to their coverage. Seven years after Congress banned...

    • Posted May 15, 2013
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  • How Installment Lenders Put Borrowers in a World of Hurt

    by Paul Kiel ProPublica This story was co-produced with Marketplace. Listen to their coverage. One day late last year, Katrina Sutton stood at a gas pump outside Atlanta and swiped her debit card. Insufficient funds. But that...

    • Posted May 13, 2013
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  • Dead Son’s Student Loans Still Haunt Father

    by Marian Wang ProPublica It’s been four long years for Francisco Reynoso. The California gardener whose son died in a car accident in 2008 left him buried in grief u2014 and in student debt. At last, the...

    • Posted December 19, 2012
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  • Chase Bank Alleged Fraud Executive Responsible for Foreclosure Victim Compensation

    by Paul Kiel ProPublica An executive who the Justice Department says facilitated a scheme to defraud Fannie Mae and Freddie Mac is now spearheading JPMorgan Chase’s role in the government’s program to compensate victims of the big...

    • Posted November 9, 2012
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  • Student Loan Servicers Suck

    by Marian Wang ProPublica, The parallels between the mortgage market and the student loan industry have been frequently noted. Both involve big borrowing and have a history of lax underwriting by lenders. But the two are also...

    • Posted October 24, 2012
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  • Doubts Spread About Independent Foreclosure Reviews

    by Paul Kiel ProPublica The idea behind the Independent Foreclosure Review seems simple. During the peak of the foreclosure crisis, the banks broke laws and made errors that hurt homeowners. In response, the government mandated they compensate...

    • Posted October 19, 2012
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  • ProPublica Raises Concerns Over Bank of America’s Foreclosure Review Process

    by Paul Kiel ProPublica Late last year, the country’s bank regulators launched a massive program to evaluate millions of foreclosure cases and compensate homeowners who fell victim to the banks’ flawed or illegal practices. Regulators dubbed it...

    • Posted October 11, 2012
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  • Student Loan Disability Discharge Process Improved

    Sasha Chavkin, Special to ProPublica The Education Department proposed new rules on Tuesday to revamp its troubled program for forgiving the federal student loans of borrowers who become disabled. The new regulations came after an investigation last...

    • Posted July 20, 2012
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  • Big Foreclosure Compensation, But Only for the Right Wrongs

    by Paul Kiel ProPublica Can you put a price on the damage caused by a wrongful foreclosure? Banking regulators have. And it’s $125,000. Or $60,000. Or $15,000. Or2026 it’s unclear. Last November, banking regulators launched a process...

    • Posted July 4, 2012
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  • Father Struggles to Pay Dead Son’s Student Loans

    by Marian Wang, ProPublica, A few months after he buried his son, Francisco Reynoso began getting notices in the mail. Then the debt collectors came calling. “They would say, ‘We don’t care what happened with your son,...

    • Posted June 14, 2012
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  • Foreclosure Victim Guide on How to Get Compensation You Are Entitled To

    by Paul Kiel ProPublica, If you’re a victim of banking abuses during the foreclosure crisis, the government says it’ll make sure you receive compensation from your bank. It’s a simple idea. But for victims, determining who’s eligible,...

    • Posted June 7, 2012
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