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Blog » Predatory Lending

The Business of Taxes
Apr 18, 2012

The Business of Taxes

Filing taxes is something just about every American has to do. But how each of us does this necessary task varies greatly, as does the price tag attached. While logic would dictate that those with less complicated returns in the middle to...

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Banks devise new way to cash in: Charge consumers twice
Apr 04, 2012

Banks devise new way to cash in: Charge consumers twice

Financial issues, particularly those of a predatory or fraudulent nature, have dominated headlines over the past few years. One topic in particular that has drawn a lot of well-deserved attention is the practice of big bank’s selling old debts to collectors with...

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The Walking Debt
Mar 22, 2012

The Walking Debt

Maybe you’ve heard of zombie debt. But aside from the catchy name, do you really know what it is? For an in-depth description, check out this article from Forbes. For the Cliff’s Notes enthusiasts, it’s basically debt so old that it’s often...

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Send a brick to your bank (or, Trick or Treat - Wall Street style)
Oct 31, 2011

Send a brick to your bank (or, Trick or Treat - Wall Street style)

You can also view this post on our Move Your Money website, where you'll find all the resources you need to make the switch from your big bank to a community bank or credit union. The video below, “Keep...

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Backseat Driver
Sep 30, 2011

Backseat Driver

Usury is the act of charging an unconscionable or exorbitant rate or amount of interest. Most people have heard this term, particularly in regards to things that are anti-usury, such as laws passed in Oregon to protect consumers from predatory payday lenders. But...

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<i>Bulletin</i> in Bankruptcy
Aug 26, 2011

Bulletin in Bankruptcy

The company that owns one of Central Oregon’s most prominent media outlets, the Bend Bulletin, has filed for Chapter 11 bankruptcy protection. While a newspaper going broke is nothing new these days, the reason why is what’s especially interesting in this case....

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Small business struggles tied to foreclosures
Aug 19, 2011

Small business struggles tied to foreclosures

A recent article in American Banker delves into the strong connection between small businesses and the foreclosure crisis. Samuel Bornstein, an accounting professor who has been studying small business failures since 2000, shares his insight. "There's an unrecognized link between small businesses,...

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A Losing Deal
Mar 23, 2011

A Losing Deal

With just a few weeks left until tax day, thousands of Oregonians are getting ready to file their taxes. Unfortunately, many of them will be taken for a ride. The tax preparation industry’s latest “innovation” is the Refund Anticipation...

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Stamp Out Predatory High-Cost Loans
Mar 11, 2011

Stamp Out Predatory High-Cost Loans

From the Portland Business Journal by Angela Martin, executive director of Economic Fairness Oregon Date: Friday, March 11, 2011, 3:00am PST With tax season upon us, you’ve undoubtedly heard the onslaught of advertisements promising “instant refunds” or fast cash. What you...

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Big profits don
Jan 14, 2011

Big profits don't equal good business

Despite most Americans feeling the stress of a struggling economy, things are looking bright on Wall Street. J.P. Morgan Chase announced this morning that its profits were up nearly 50% from a year before – with the bank raking...

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