World news | The GuardianJan 18
Expand credit unions to boost cheap credit to low-income people, Labour MPs urge Reeves https://www.theguardian.com/money/2026/jan/18/expand-credit-unions-to-boost-cheap-credit-to-low-income-people-labour-mps-urge-reeves #BorrowingDebt #CreditUnions #Labour #Banking #SavingMoney #UkCostOfLivingCrisis #Business #Money #Politics #UkNews #PaydayLoans #FinancialSector
Expand credit unions to boost cheap credit to low-income people, Labour MPs urge Reeves

Influential MPs including committee chairs say millions could benefit with minor changes to financial inclusion bill

The Guardian
DoomsdaysCWJan 13

#Trump warned #CreditCard crackdown will trigger #FinancialCrisis for millions

Story by Melissa Lawford, Tom Saunders, 1/12/2026

“Consumers denied credit cards will be forced to turn to loan sharks whose rates and terms will be vastly worse for borrowers.”

The BPI said the cap would 'be devastating for millions of American families and small business owners … the very consumers this proposal intends to help'. The ABA said the move would push consumers towards 'less regulated, more costly alternatives'." [Like #PayDayLoans!]

https://www.msn.com/en-us/money/markets/trump-warned-credit-card-crackdown-will-trigger-financial-crisis-for-millions/

#TrumpSucks #USPol #HungerGames

GravitasJan 1

The Forever Debt: Payday Loans & Predatory Lending | deep dive$

https://peertube.gravitywell.xyz/w/8Qew9bDq1onQD6oe43sErn

The Forever Debt: Payday Loans & Predatory Lending | deep dive$

PeerTube
GravitasNov 19

Predatory Lending: Last Week Tonight with John Oliver (HBO)

https://peertube.gravitywell.xyz/w/2JWxrvtFeUzS6HX1ChH6dA

Predatory Lending: Last Week Tonight with John Oliver (HBO)

PeerTube
Show threadKevin Karhan Nov 11
@FluentInFinance tze latter one is basically criminal in any decent juristiction, just like #PaydayLoans!
Kevin Karhan :verified: (@[email protected])

Fortunately, #PaydayLoans [are](https://www.youtube.com/watch?v=hBI_FLYfwmM) *de-facto* #illegal in #Germany [because]( https://www.anwalt-strafrecht-steuerstreit-berlin.de/wucher/) they not only [violate expectable terms and conditions](https://www.gesetze-im-internet.de/bgb/__138.html) but essentially are what's called *"#Sachwucher"* or *"effective extortive terms"* and *require a desperate, "inexperienced or otherwise not able to consent informed" individual*, which makes said deals #exploitative and thus [a felony]( https://www.gesetze-im-internet.de/stgb/__291.html), because #ConsumerProtection is something that exists in the #EU in general! #USpol #Finance #PaydayLoan #LoanSharks #Billionaires #AndressenHorrowitz #LarryEllison #Enshittification #WorkingPoor #AntisocialSystem #Employment #Precariat #Insecurity #USA #US

Infosec.Space
Show threadKevin Karhan Nov 11

@FluentInFinance In Germany, this would be called "#Sachwucher" and is a criminal felony.

  • With added severity for "comitting it commercial for financial gain"…

But so are #PaydayLoans!

Kevin Karhan :verified: (@[email protected])

Fortunately, #PaydayLoans [are](https://www.youtube.com/watch?v=hBI_FLYfwmM) *de-facto* #illegal in #Germany [because]( https://www.anwalt-strafrecht-steuerstreit-berlin.de/wucher/) they not only [violate expectable terms and conditions](https://www.gesetze-im-internet.de/bgb/__138.html) but essentially are what's called *"#Sachwucher"* or *"effective extortive terms"* and *require a desperate, "inexperienced or otherwise not able to consent informed" individual*, which makes said deals #exploitative and thus [a felony]( https://www.gesetze-im-internet.de/stgb/__291.html), because #ConsumerProtection is something that exists in the #EU in general! #USpol #Finance #PaydayLoan #LoanSharks #Billionaires #AndressenHorrowitz #LarryEllison #Enshittification #WorkingPoor #AntisocialSystem #Employment #Precariat #Insecurity #USA #US

Infosec.Space
Don Hawkins - W7DAHOct 12

https://substack.com/@kelsea53/note/c-165604492

#Capitalism #Economy #DemocraticSocialism #Socialism #Boycott #NationalStrike #Activism #Resist #Protest #authoritarianism #Fear #USPol #PayDayLoans #CharlieKirk #Corporations #Labor #Corporatocracy #Oligarchy #ICE #bureaucracy #Organized #Politics #Jobs #Billionaires #Citizens #NoKings #Wallet #CreditCards #Credit #Cars #Homes #RealEstate #Rent #Mortgage #Choice

ksawin0in (@kelsea53)

Substack
Kevin Karhan Oct 1
@jbqueru @santi @ubi4me it's also the reason why #MinimumWage gets codified and why places ban "Factual Exploitation" like #PaydayLoans and "terms that an infomed person without duress would decline…"
Kevin Karhan :verified: (@[email protected])

Fortunately, #PaydayLoans [are](https://www.youtube.com/watch?v=hBI_FLYfwmM) *de-facto* #illegal in #Germany [because]( https://www.anwalt-strafrecht-steuerstreit-berlin.de/wucher/) they not only [violate expectable terms and conditions](https://www.gesetze-im-internet.de/bgb/__138.html) but essentially are what's called *"#Sachwucher"* or *"effective extortive terms"* and *require a desperate, "inexperienced or otherwise not able to consent informed" individual*, which makes said deals #exploitative and thus [a felony]( https://www.gesetze-im-internet.de/stgb/__291.html), because #ConsumerProtection is something that exists in the #EU in general! #USpol #Finance #PaydayLoan #LoanSharks #Billionaires #AndressenHorrowitz #LarryEllison #Enshittification #WorkingPoor #AntisocialSystem #Employment #Precariat #Insecurity #USA #US

Infosec.Space
Show threadKevin Karhan Sep 27, 2025

@stage7 personally I do wish for #FLOSS to have more teeth…

  • I mean, #GPLv2 got confirmed as valid in Germany and the #license terms successfully enforced.

The only restrictions I'm aware of are "[legal and/or business] deals that have unexpectably bad terms and conditions" (aimed at exploiting "someones lack of expefience, ability to make informed decisions or socioeconomic situation [of distress]") which mostly aims at criminalizing #PaydayLoans at extortive APRs, rentseeking, discrimination and other tactics preying on #consumers.

Plus #FLOSS licenses ain't the norm (and I'm pretty shure that we rather see #CCSS banned than #AntifascistLicense|s being struck down!)…

  • OFC this is #NotLegalAdvice and #speculation, tho OFC one has the freedom to decline business based off objective and/or terms/justifications, like throwing a Neonazi out of a bar.

#AntifascistLicenses #Antifascism #Licensing #FOSS #OpenSource

Kevin Karhan Sep 17, 2025

Fortunately, #PaydayLoans are de-facto #illegal in #Germany because they not only violate expectable terms and conditions but essentially are what's called "#Sachwucher" or "effective extortive terms" and require a desperate, "inexperienced or otherwise not able to consent informed" individual, which makes said deals #exploitative and thus a felony, because #ConsumerProtection is something that exists in the #EU in general!

#USpol #Finance #PaydayLoan #LoanSharks #Billionaires #AndressenHorrowitz #LarryEllison #Enshittification #WorkingPoor #AntisocialSystem #Employment #Precariat #Insecurity #USA #US

Billionaires Found a New Way to Steal Your Paycheck

YouTube