Foreclosure numbers across the U.S. hit a six-year low in April, according to data from national real estate listing firm, RealtyTrac. South Carolina, however, saw a 20% increase from April 2012 in the number of filings, pushing the state into the top five for the rate of foreclosures for the month. RealtyTrac data found that one … Continue reading »
For over 30 years, the Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp Program, has served as the foundation of America’s national nutrition safety net, working to end hunger and improve the health of low-income people by helping families buy the food they need for a nutritionally adequate diet. It is a lifeline to over 800,000 South … Continue reading »
According to a new report from the Insight Center for Community Economic Development, payday loans cost the U.S. economy nearly $1 billion and thousands of jobs in 2011. Designed to meet the need for emergency cash, the short-term loans are essentially advances on wages and meant to be repaid on the next payday—usually within two … Continue reading »
Some new rules are in the works for banks and other financial institutions offering so-called deposit advance products, which are similar to payday loans. We applaud the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) for directing banks to stop making predatory loans that trap borrowers in a … Continue reading »
