Law and Order/Legislation

Trustee Irving Picard sues JPMorgan Chase for Madoff fraud

Trustee Irving Picard levied a $6.4 billion lawsuit against JPMorgan Chase for allegedly aiding and abetting Bernie Madoff's Ponzi scheme...
Outdoor photo of one of JPMorgan Chase & Co's offices, taken in the late afternoon/early evening.

Kansas Payday Loan Store Employee Foils Robbers

Kansas seems to be a pretty popular place for payday loan store robberies. However, the workers at payday loan stores are getting wise. READ MORE ...
store

Boy Found in Wall | Mother Hid Him From the Sun

After a two-year disappearance, Ricky Chekevdia is the boy found in a wall. He was hidden in a secret room with his mother, who had abducted him and kept him…
Rickey Chekevdia has been found by Illinois State Police after two years of being hiding in the walls of his maternal grandparents' home. (Photo: missingkids.com)

Payday loan APR Fees and How They Compare To Other Financing Rates

A fee of $32 on a $100 bounced check can have an APR as high as 2,336%. You would be surprised to see how other fees measure up.
A fee of $32 on a $100 bounced check can have an APR as high as 2,336%. You would be surprised to see how other fees measure up.

Strip club ATMs banned from TANF use in California

California strip clubs can no longer distribute welfare funds via their ATMs. Gov. Schwarzenegger is cracking down on waste…
A sign in red light bulbs indicating the presence of an ATM machine.

Recessionomics: Santa Claus robs yacht club

The recession has hit even Santa where it hurts. Reports indicate that Santa Claus robbed a yacht club in Rhode Island.
A comic photograph of a “Bad Santa.” He's wearing brass knuckles and brandishing a baseball bat.

Credit score can affect insurance rates, court rules

A Michigan supreme court has ruled that using credit scores to determine insurance rates is not discriminatory. READ ON...
Credit

Installment Loans Online and How They Differ From The Average Payday Loan

One of the most liked features of installment loans is being able to pay them back over a much longer period of time then normal loans you may find locally.
One of the most liked features of installment loans is being able to pay them back over a much longer period of time then normal loans you may find locally.

LGBT group lobbies UK Parliament for heterosexual equality

On behalf of opposite-sex and same-sex couples, LGBT group OutRage! is campaigning U.K. Parliament for heterosexual equality in partnerships.
Evening photograph of Big Ben and the houses of British Parliament

Pedro Espada charged with stealing from nonprofit foundation

Pedro Espada has been indicted along with his son for embezzling from the Soundview HealthCare Network, a nonprofit health care organization.
Pedro Espada

UK Office of Fair Trading says no to payday loan rate cap

The United Kingdom's Office of Fair Trading has ruled that a payday loan rate cap is unnecessary and would harm free market competition…
A T-shirt parody of the "Enjoy Coke" logo. This shirt reads "Enjoy Capitalism." Part of capitalism is a free market economy that would not restrict the payday loan with unnecessary (or even harmful) rate caps.

The Ease and Convenience of Short Term Loans Needs To Be Managed In A Smart Way

It is not wise to go crazy with short term loans just because you can get them online with no credit checks, no collateral and without having to fax in tons of documents.
It is not wise to go crazy with short term loans just because you can get them online with no credit checks, no collateral and without having to fax in tons of documents.

Jaycee Lee Dugard, 29, Found After 18 Years

Jaycee Lee Dugard, who had been missing for 18 years, may have revealed herself. Now 29, Dugard will meet with her long-lost mother Terry today…
Oceans of time have passed. Oh, to feel that joy of reunion. It is indescribable joy. (Photo: flickr.com)

Montana I-164 | Payday lending on the ballot

Montana voters are set to accept or reject new regulations on payday lending with I-164. Arguments on both sides, though, may be misleading.
Montana

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.
A Bank of America branch logo.

What You Need To Know To Keep From Getting Trapped By Cash Advance Addiction

Cash advances are not a long term financial fix for spending spree addictions. Using them should be done so responsibly and in a realistic manner.
Cash advances are not a long term financial fix for spending spree addictions. Using them should be done so responsibly and in a realistic manner.

Intercollegiate faker Adam Wheeler scams Ivy League schools

Adam Wheeler scammed Harvard and numerous scholarship organizations out of the money to buy a quality education. It was illegally inventive…
Example of Harvard University architecture. These classical columns hold up the roof for a place of learning; Adam Wheeler's Harvard scam held up an entire administration to the flames of their own burning ignorance.

Houston teacher beats student and gets caught on tape

A Houston charter-school science teacher was recorded beating a 13-year old student. What happened to the teacher, and will she be arrested?
Handcuffs

Elias Abuelazam believed to be serial stabber and killer

Police have taken Elias Abuelazam into custody. He is suspected to be the man who stabbed 20 people in three states, killing five in Michigan.
Arrest

No Credit Check Personal Loans From The Comfort Of Home - A Good Thing or a Bad Thing?

Personal loans are so easy to get it worries some consumer groups. Like anything on the internet it pays to be informed before you pursue any online transactions.
Personal loans are so easy to get it worries some consumer groups. Like anything on the internet it pays to be informed before you pursue any online transactions.

Mortgage Lenders Network USA told loan documents are protected

One sub prime mortgage lender has lost its bid to destroy thousands of original loan documents. This ruling does not apply to all lenders, though.
Documents

Maryland challenges sovereign immunity in tribal lending case

Maryland is taking personal loans portal Western Sky Financial to court over personal loan rates. The company claims sovereign immunity.
The Western Sky Financial corporate logo, which depicts three teepees within the image of a setting sun.