Exorbitant Overdraft Fees Erase Funds of the Working Poor
In the 1960s and 1970s, many of America’s largest banks decided to go “where the money is” by pulling their branches out of the inner cities and focusing more on affluent areas. It may be sheer coincidence that infamous bank robber John [...]
When Traditional Banking Becomes Parasitic
If you’re able to see past the shady origins and history of the Center for Responsible Lending, you’ll see that occasionally they do good work that benefits society. While they’re certainly no friend of the payday loans industry, I find that their recent report on the [...]
Payday Loan Profits Don’t Automatically Equal Predatory Lending
Even if you’ve never been a customer of a payday loan business, you’ve likely seen or heard about the product. You probably also know that payday loan businesses are fairly easy to find in both the brick-and-mortar world and in cyberspace. With such [...]
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Banks get rich by making me poor
I just can’t stop kicking myself. First, I got slammed with $105 in bank overdraft fees. I am still recovering from it. Then, I came across this story in The Huffington Post that says banks made $24 billion from overdraft fees [...]
Critics say adults and kids will love it
Unfortunately for “The Informant!” which was film critics’ favorite opening movie this weekend until now, “Cloudy with a Chance of Meatballs” reviews are in, and so far critics unanimously agree that it’s a great film. This animated film directed by Phil Lord and [...]
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Short Term Loans Online
We are going to share a real life story of a family who avoided additional hardship after being taken advantage of by a bank, thanks to short term loans online. Of course we have to change the names of the people [...]
An American bank that PUNKS you?
According to the blog Dollars and Sense, Bank of America has wronged America once more. Perhaps a lineup change is needed. B of A hasn’t been able to hit its way out of a paper bag lately. They’re shelling out multimillions for sports marketing, so [...]
Citibank reads, believes their spam
Benjamin Weiser of the New York Times proves beyond a shadow of a doubt that even large organizations fall for those fly-by-night Internet scams and need quick loans to dig their way out. But, come on, seriously? You were taken in by a Nigerian con artist, [...]
More anti-tax refund loan evidence; use payday loans
When you need a little bit of extra cash, there are few options as fast, convenient and discreet as payday loans. Yet during tax time, the eyes of some consumers may be captured by the tax refund loan ads of big-box tax preparation [...]
If you’ve been following the news, you may have heard of the $800 billion payday loans of sorts the government is about to give the consumer credit industry. They’ve already spent about $500 billion in bailing out the ailing companies that provide it to keep them from going [...]
Yes David Bowie, there is life on Mars, and no, you can’t get payday loans there.
DISCOVERY!
NASA scientists have discovered gigantic underground reservoirs of frozen water on Mars, away from its polar caps. This is yet another positive sign that life may be – and has been – sustainable on the [...]
The common complaint by Ohio payday loans companies regarding the hotly contested state House Bill 545 is that it makes it impossible for them to conduct business. With an annual percentage rate cap of 28 percent, loan companies are able to charge customers only 1.08 percent interest per $100 of [...]
The Fight Continues for Payday Loan Stores in Arizona
The war over payday loans continues in Arizona. Last week voters rejected Proposition 200, a ballot initiative financed and written by the loan companies to allow them to continue to charge their current interest rates on small loans.
Those who voted [...]
Soon after the New Jersey legislature passed a tough law aimed at controlling predatory lending, State Sens. John Adler (D., Camden) and Gerald Cardinale (R., Bergen) teamed up to sponsor a bill that weakened it.
Quoted With Edits From: Predatory lending is an issue in N.J. (The Philadelphia Inquirer)
Ah, I see [...]
Proposition 200 is coming up for a vote on November 4, and Arizona media is doing their best to cast unwarranted aspersions on an industry – short term installment loans – that wants to maintain its livelihood and continue to compete with other financial institutions in the spirit of the [...]
Soon after the New Jersey legislature passed a tough law aimed at controlling predatory lending, State Sens. John Adler (D., Camden) and Gerald Cardinale (R., Bergen) teamed up to sponsor a bill that weakened it.
Your Payday Loans News Source Quoted With Edits From: Predatory lending is an issue in N.J. [...]
Read this and learn the unbiased truth about a payday loan, Ohio voters.
The Buckeye Institute For Public Policy Solutions, a self-described “nonpartisan research and educational institute devoted to individual liberty, economic freedom, personal responsibility and limited government in Ohio” has weighed in on nine important myths about payday lending. May [...]
Congress will pass legislation next year that will make Wall Street financiers civilly liable for funding predatory and reckless mortgage loans, predicted Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee.
Your Instant Payday Loans News Source Quoted With Edits From: A bill to make Wall Street accountable for [...]
Brought to you by the payday loans moneyblog at Personalmoneystore.com
If you saw 60 minutes last week you might have been just as surprised as I was to learn that Treasury Secretary Henry Paulson had ordered Bank of America and several other banks to take quick payday loans even though [...]
Forty-eight New Jersey property owners have lost more than $3 million in home equity through “foreclosure rescue” schemes operated by Vest Financial and JP Global Property Management Inc., according to civil lawsuits filed by the state Attorney General’s office. The…
Your Payday Loans News Source Quoted With Edits From: State accuses [...]