Law and Order/Legislation
Man apologizes in court for shooting payday loan clerk
A payday loans clerk was shot point blank during an October robbery. The shooter apologized to her in court and was sentenced to prison.
Thursday, June 23rd, 2011 by By Shadra Beesley
Consumers should watch for payday loan collection scams
Many debt collections are legal, but there are some fraudulent debt collection scams out there, including phony payday loan collection scams.
Wednesday, June 22nd, 2011 by By Peter Stone
Judge rules bank is not responsible for hacked accounts
Maine Judge John Rich ruled that Ocean Bank is not responsible for money lost when a company's online bank account was hacked.
Wednesday, June 8th, 2011 by By Steve Tarlow
How Can Your Credit Score Be Saved With Something As Simple As A Payday Loan?
Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.
Bank of America settles overdraft fee lawsuit for $410 million
Bank of America has settled a class action suit over processing transactions out of order to collect more overdraft fees for $410 million.
Thursday, May 26th, 2011 by By Peter Stone
CFTC taking action against precious metal investment businesses
The Commodity Futures Trading Commission has filed suit against American Precious Metals, a company that offered fraudulent investments.
Monday, May 23rd, 2011 by By Mary Rice
Three congressional bills trying to weaken the CFPB
Despite the fact it is not yet operational, the Consumer Financial Protection Bureau already is facing challenges from Congress.
Monday, May 16th, 2011 by By Mary Rice
Facts About Installment Loans Everyone Should Know Before Applying Online
Are installment loans online safe and secure? Is applying a big hassle with tons of hoops to jump through? We have the facts you want to know.
Wisconsin Republicans attempting to re-legalize auto title loans
The Joint Finance Committee in the Wisconsin State Senate has suggested re-legalizing auto title loans in the state.
Friday, May 13th, 2011 by By Mary Rice
Texas legislature passing new payday lending regulation
The Texas legislature is slowly changing regulations on payday lending with three separate bills under consideration.
Thursday, May 12th, 2011 by By Mary Rice
Payday loan amendment threatens to gridlock Colorado legislature
An amendment tacked on the end of the Rules Bill in the Colorado legislature could end up costing taxpayers hundreds of thousands of dollars.
Wednesday, May 11th, 2011 by By Mary Rice
How To Get A Cash Advance Without Providing Collateral or Submitting To A Credit Check
Credit checks can hurt your credit score and providing collateral for a loan is an unneccessary risk which can be avoided.
Obama, HUD considering home renters tax credit
President Obama and the U.S. Department of Housing and Urban Development have proposed a home renter's tax credit to offset soaring rents.
Tuesday, April 26th, 2011 by By Steve Tarlow
Precious metal and gasoline theft increasing nationwide
Economic conditions have caused a noted rise in thefts of precious metals, including catalytic converters and copper wiring, and gasoline.
Tuesday, April 26th, 2011 by By Peter Stone
Debt collection agency barred from social media harassment
Complaints about abusive debt collection agencies have been increasing, and Facebook has become a vehicle debt collectors use to harass.
Thursday, April 21st, 2011 by By Thomas Hart
How Personal Loans Online Can Prevent Your FICO Credit Score From Going Down
Traditional loans require a credit check which puts a hard inquiry on your credit report which in many cases lowers your overall credit rating.
Six payday loan companies charged with financial fraud
The FTC has filed suit against several payday loan companies run by Michael Bruce Moneymaker and others, saying fraud cost customers millions.
Wednesday, April 20th, 2011 by By Mary Rice
CARD Act could strip stay-at-home partners of financial identity
The consumer-protection CARD Act is supposed to protect consumers, but some stay-at-home spouses hit snags because they can't prove income.
Friday, April 15th, 2011 by By Mary Rice
Federal agencies agree to cooperate on gas price investigation
Two federal agencies have signed an agreement to cooperate in investigating gas prices.
Thursday, April 14th, 2011 by By Mary Rice
How To Use Short Term Loans To Get Through a Budget Crisis Wisely
Everyone finds themsevles in a budget crisis from time to time and short term loans are only the answer in some circumstances when used wisely.
Banks under SEC antitrust investigation for rate manipulation
The SEC and Justice Department are investigating whether a group of world banks colluded to manipulate the LIBOR interest rate.
Thursday, April 14th, 2011 by By Steve Tarlow
Credit bureau Experian accused of fraud in California lawsuit
Experian, one of the three credit reporting bureaus, is being sued for fraud for selling credit reports information that is worthless.
Friday, April 8th, 2011 by By Peter Stone
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