Business

7 Reasons Why America’s Businesses Aren’t Investing In America

Powerpoint Presentation — 7-reasons-why-americas-businesses-arent-investing-in-america PDF Document — 7-reasons-why-americas-businesses-arent-investing-in-america After the Great Recession, it would seem that the U.S. economy is improving nicely. For instance, the country’s current unemployment rate is just half of what it was when it reached its lowest levels, personal wealth has grown by more than $20 trillion and the housing market

A New Credit Bureau Is Born for Payday Loans

A New Credit Bureau Is Born for Payday Loans The Consumer Financial Protection Bureau, according to Blog.credit.com, has defined the rough outline of a proposed new credit bureau for short-term and payday loan borrowers and lenders. This proposal has stunned many payday loan critics because the proposal could be viewed as acknowledging the industry instead

Payday Loans and Their Not-So-Friendly Replacement

Proposed regulatory action at the federal level has payday loan lenders making drastic changes to their product lines. Many lenders are now offering installment loan products as well. The not-so-friendly replacement to payday cash loans extends a borrower’s repayment terms, which has the after-effect of keeping people in debt longer. While these new loans are

Should Payday Loans Online Be More Strictly Regulated?

For years, consumer financial protection groups and regulators have warned the public about the dangers of borrowing funds from traditional storefront payday lenders. However, there’s less advice about payday loans online from a company that operates on the internet. Most states have regulations in place for payday loan lenders, but they seem to have more

Delaware Payday Cash Loan Lenders Find Creative Ways to Skirt Regulations

In an attempt to clamp down on predatory lending practices, Delaware’s legislators passed regulations in 2012 that limited the number of payday loans that a borrower could take out in one year. However, Delaware payday cash loan lenders found creative ways to skirt regulations, and it was business as usual. Delaware Payday Lenders Use Their

Installment Loans Gain Ground as Payday Loans Online Draw Fire

The payday loan industry has mastered the art of transformation. In the past, it’s done this by transitioning from operating out of classic storefronts to processing payday loans online as well as by offering title loans instead of traditional payday loans. With new federal restrictions on the horizon, the industry is finding that it needs

Nevada Attempts to Restrict Payday Merchants

Attacks on fast cash payday lenders have increased dramatically in recent years. At the national level, the Office of the Federal Register has published the final regulations proposed by the Consumer Financial Protection Bureau, commonly known as the CFPB. The new regulations take direct aim at payday lenders as well as lenders who offer title

Payday Loans – Are They as Bad as Some Make Them Out to Be?

Most of the payday loan industry’s criticism is politically motivated and calls to mind the classic meme of a scout trying to help an old lady across the street when she doesn’t want to go. Politicians are filled with good intentions to legislate from ivory towers while down-to-earth people struggle when they don’t have financial

Should Installment Loans Be Subjected to Interest Rate Caps?

Although many payday lenders offer installment loans as well as payday loans, the two products are quite different. Payday loans require repayment in full within a very short time, which can be as little as 14 days. Installment loans, however, are repaid through multiple monthly payments. Many different lenders, including credit unions and banks, offer

Oil Continues Decline as New Rigs Come On Line

American drivers have had to deal with fluctuating gasoline prices for many years. However, in February 2016, the average price for all grades of gasoline dropped to slightly more than $1.87, according to the U.S. Energy Information Administration. Prices crept up over the next months, peaking at almost $2.47 per gallon in June before declining

Cash Advance Industry Under Siege as CFPB Violates Dodd-Frank

Cash advance companies are being wrongfully targeted by the Consumer Financial Protection Bureau, or CFPB. The CFPB was created as a tool of financial reform in the legislative package that was authorized by the Dodd-Frank Act, but the law specifically includes terms that prohibit setting interest rate limits, as they are trying to do with

Postal Banking – A Possible Payday Loans Alternative

While some consumers turn to payday loans in a pinch to cover unexpected expenses, a growing group is now relying on the high-interest credit lines to supplement their inadequate income until the next paycheck. There are limited ways that people who do not have a financial cushion or strong credit history can access quick cash

Merchant Cash Advance Loans vs Business Loans – Pros and Cons

Merchant cash advance loans and traditional business loans are two options for increasing cash flow. Whether your goal is building up inventory, launching an advertising campaign or investing in new equipment to help operations run more efficiently, finding working capital is a major challenge for most business owners. Two options for increasing cash flow are

Payday Loans – Symptoms of an Economy Failing Millions

While the Consumer Protection Financial Bureau, or CPFB, is busy looking for ways to reign in or decimate the payday loan industry, it’s becoming clear that payday loans aren’t the problem. Instead, they are the symptom of a failed system. When did the system fail? Some would argue that it never got off the ground.

As Business Fundamentals Continue to Deteriorate, Markets will Eventually Follow

While it appears that emerging markets are rising, business fundamentals continue to deteriorate. This means that markets will eventually follow. For 2016, emerging markets are seeing the most trade action. In fact, ValueWalk reports that over the last few weeks, debt funds and emerging market equities have seen record movement. As Business Fundamentals Continue to

Will Installment Loans be Impacted like Payday Loans by the CFPB?

The Consumer Financial Protection Bureau, commonly known as the CFPB, has announced its proposed regulations for lenders who make small-dollar loans. Most of the media attention has been focused on payday loans, but the new regulations will also impact title loans and installment loans. Ever since the CFPB began evaluating ways to regulate payday loans,

Cash Advance Store Owners can Remain Secret in South Dakota Ruling

In recent years, the cash advance industry has faced mounting criticism from a wide range of opponents. President Obama and Hillary Clinton have both gone on record as supporting stringent new regulations for the industry. State legislators, celebrities and debt-relief agencies have also spoken out against lenders who offer cash advances or payday loans. In