WHY BANKS & CREDIT UNIONS HATE PAYDAY LOANS
NO WONDER BANKS & CREDIT UNIONS HATE PAYDAY LOANS! So, when consumers use payday loans to avoid these bank and credit union fees they cremate the net income of banks and credit unions!
Payday Loan Movie Coming: Easy Money or Prestige Payday Loans
The cast of “Easy Money,” a new one-hour drama about a family that runs a high interest loan business. In “Easy Money,” 28-year-old Morgan Buffkin (Hephner) finds himself in charge of Prestige Payday Loans, his eccentric family’s enormously successful short-term loan business. Any doubts Morgan has about running his family’s business are quickly replaced by dealing with family business:
Arkansas Payday Loan Industry
Roughly one-third of the payday loan companies Arkansas Attorney General Dustin McDaniel ordered to shut down or face the possibility of lawsuits have remained open and restructured their businesses to avoid state regulation, an advocacy group said in a report released Wednesday.
Bernanke Says the Answer to Payday Loans is Competition
Fed Chairman Ben Bernanke, testifying before the Senate Banking Committee today, said the best approach for reducing the reliance by consumers for payday loans is more competition. He further stated that banks and CU’s (credit unions) should be encouraged to develop and offer new products that could compete with payday loan “store-fronts”.
This makes the most [...]
Clinton Steps on His D$%^^& Again
So ex-president Bill Clinton, “also called on more governors to follow the lead of California Gov. Arnold Schwarzenegger (R) and former Arkansas Gov. Mike Huckabee (R) and reduce childhood obesity by bringing healthier lunches and more exercise to schools. He also urged states to go after pay-day lending operations, whose short-term, high-interest loans hit the poor [...]
Ohio Payday Loan Laws Update
Ohio payday loan regulators seem to think they know what is best for all of us!
Canada Payday Loans Manitoba
Manitoba Provincial legislation to put a cap on interest rate loans takes effect this fall. The province has approved the rate upheld by the federal Criminal Code, to set maximum interest rates for short-term loans.
Payday Loans & Indian Affairs
Senate Indian Affairs Committee hearing weighs testimony
WASHINGTON - A hearing of the Senate Indian Affairs Committee on predatory lending dwelt more on payday loans, and came with several cautions as to the difference.
Statistician Patricia Cirillo explained after the hearing that predatory loans - high interest rates and onerous terms, usually to people whose impaired [...]
Payday Loan & Check Cashers-Consumer Protectionists Know What’s Best for All of Us
Once again, the people who know what’s best for all of us have restricted our financial choices. We cannot continue to open payday loan and check cashing stores in Long Beach. So, Long Beach City residents will continue to pay the maximum fees prescribed by law for these services.
During the past several weeks [...]
Payday Loan ACH Processors Take Some Heat
Panic caused by rumors of the Feds attacking payday loan ACH providers began late last week! After MANY frantic faxes, emails and phone calls it appears the companies at risk are all off-shore payday
loan companies who lack Federal Tax ID’s and failed to file US tax returns. Questionable activities also include the potential lack of [...]
