Calls to Regulate Cash Advance Industry Continue

Calls to regulate the cash advance industry seem to focus primarily on rollovers and a borrower’s ability to repay a loan. When repayment in full of a loan does not occur before the end of the term, a borrower needs an extension or renewal that initiates a new transaction. The industry can impose limits on

Commodities Rebound on Dollar Decline

A weakened U.S. dollar inspired a recent rebound in commodities. Speculation that this year’s global growth won’t be strong enough for the Federal Reserve to raise interest rates was another factor that fueled commodity growth. These stocks saw widespread increases with gains that ranged from gold to copper. A few weeks ago, oil reached new

Gold Looks Set for Continued Rally

Since gold is frequently the investment choice for those who are too cautious to invest in regular stocks or other assets, the price of it often holds steady. This year, the commodity rallied. According to some analysts, gold’s recent rally could continue. The Recent Rise Gold rose steadily during this year’s economic melancholy. Estimates show

Should the Installment Loan Industry Be More Tightly Regulated?

When it comes to the installment loan industry, there are many opinions. Those who have good credit, access to credit cards and middle class paychecks tend to view the industry as predatory and in need of major regulation. However, people who earn low wages, have poor credit and face limited borrowing options often view the

Global Shipping Drops to New Lows

The first quarter of 2016 has been a rough period for many investors and business people. Most people who follow the financial news are aware that oil stocks are low, but the global shipping industry is also suffering. While oil and shipping are separate industries, oil prices can have major effects on the revenues of

Why Georgia Outlawed Payday Lending

When Georgia’s legislators signed the Georgia Industrial Loan Act of 1955 into law, the regulation was designed to outlaw payday loan lending. It did this by requiring loan companies to obtain state licensing. The state also required them to register. With this law, Georgia even imposed austere usury limits for financial institutions that were in

Buying for Time – The Global Debt Bubble

While Paul Krugman, the well-known economist who writes for the New York Times, made a recent recommendation that America’s debt load should not be the country’s main concern, another voice is speaking out that it must be a priority. David Stockman, the first budget chief for President Reagan, believes that it’s time for the country

Should Online Payday Lending Be More Closely Regulated?

Payday loans generate lots of controversy because they’re offered to people who have bad credit or limited credit histories, which makes them high-risk borrowers. Traditional lenders seldom approve loans for these types of borrowers and never quickly enough when a cash emergency occurs. Unfortunately, many of these same people don’t use payday loans as intended

War for Profit – How Defense Contractors Influence Washington Policy

When President Dwight D. Eisenhower left his post on January 17, 1961, he warned the country of what he thought was a major threat. According to the leader, the military industrial complex formed of lobbyists and military contractors is a great threat to the nation since it will strive to keep America at war for

Why Do Some States Outlaw Payday Lending?

When used responsibly, payday loans can provide a way to meet unexpected expenses, make sure that bills are paid on time or prevent overdrafts and associated bank fees. Several states, however, have banned payday loans, and other states have enacted laws that regulate the amount a consumer may borrow and how often. Typically, the states

Are Economic Sanctions Against Russia Working?

Opinions about the effectiveness of sanctions on Russia vary. Some experts say that they are damaging the economy, and others counter by pointing to the lack of consequences in the political arena. Understanding the purpose of the sanctions can help you develop an informed opinion about whether or not they are working. Considering the Causes

Regulatory Outlook for the Payday Loan Industry

The Consumer Financial Protection Bureau, or CFPB, made an announcement about a year ago regarding the lending practices of the payday loan industry. Last year, the agency issued a report that included a list of proposed restrictions for short-term loans, long-term loans and the industry’s collection practices. The director of the small dollar loans project

Can Emerging Market Economies Pull Out of Nose Dive?

Signs of financial trouble in emerging markets appear when investors take their money and leave. A slowing economy in China has caused the country to reduce the number of commodities that it usually purchases. The glut of oil on the world market has significantly hurt exporters in emerging markets. Understanding the Scope of Capital Outflow

China’s Debt Bubble Raises Fears of Hard Landing

For more than 10 years, China’s economy has been the backbone of world growth. A few months ago, the country’s stock market experienced a big crash sending industry experts into a prediction tizzy. Some claim that if the nation’s economy comes to a halt, countries that depend on their trade agreements with China should prepare

Global Economy Gears for Major Slowdown

The impact of the global financial crisis in 2008 continues to reverberate around the world as countries adjust economic projections year after year. A pattern of downward forecasts causes concerns about the world economy as leaders search for a reversal of the trend. The International Monetary Fund (IMF) cites subdued demand as a cause of

Stocks Primed for a Devastating, 1930’s Style Collapse

A stock market crash appears imminent. A number of renowned economists and even a few well-known investors are warning the industry that a crash is on the horizon. With sales and earnings rolling over sharply, the markets are on shaky ground since earnings drive stocks. Economist Andrew Smithers said, “U.S. stocks are now about 80

Stocks Heading for a Major Crash – Why the Smart Money is Getting Out

A stock market crash appears imminent. A number of renowned economists and even a few well-known investors are warning the industry that a crash is on the horizon. With sales and earnings rolling over sharply, the markets are on shaky ground since earnings drive stocks. Economist Andrew Smithers said, “U.S. stocks are now about 80