How New Regulations Could Change the Payday Loan Industry Forever

The Consumer Financial Protection Bureau, or CFPB, has proposed drastic new guidelines that could change the payday loan industry forever. Key features of the guidelines include the following points: Full-Payment Test Customers must be investigated to see if they can afford to make the full payment as promised from a single paycheck. Lenders would also

The Ease of Getting a Cash Advance Online Carries a Stiff Price

With access to the internet, people are adapting to new ways to live. From ordering presents from Amazon for the holidays to paying bills online, the internet has made everyday life more convenient. This includes access to cash. Today, when money is tight, consumers can apply for extra funds online, but the ease of getting

Installment Loan Industry Thrives in Face of a Subprime Job Market

Proposed regulations are shaking up the short-term lending industry. Instead of selling borrowers payday and auto title loan products, many lenders are now in the business of installment loans. Reports show that over the last 20 years, this sector of the lending field has experienced major growth. In fact, the installment loan industry is thriving

5 Ways to Escape the Payday Loan Debt Trap (Really)

Millions of Americans take out payday loans every year. In fact, about 12 million of them do so. Consumers who borrow funds from short-term loan lenders take out an average of $375, and they pay an estimated $520 in interest. People often become stuck in payday loans because of financial emergencies. For instance, a desperate

CFPB Forced to Admit Most Payday Loan Testimonies Positive

While frequently vilified by government agencies and consumers who don’t need their services, the payday loan industry serves as a financial lifeline for millions of Americans. According to a 2012 report released by the Pew Charitable Trusts, people borrow more than $7 billion from short-term lenders annually. Despite this, state legislators and the Consumer Financial

Payday Cash Loan Regulations Move into CFPB Review Stage

Payday Cash Loan Regulations Move into CFPB Review Stage For the past few years, criticism of the payday cash loan industry has been mounting. Opponents of payday loans have included celebrities, elected representatives and various consumer groups. However, since June 2, the topic has been extensively covered by national and local media, leading many to

6 Ways to Spot an Overpriced Stock Market (Hint – We Have All Six)

In an article posted in August 2016 on, columnist Mark Hulbert asserts that the United States stock market is currently more overvalued than at virtually any other peak during the last 100 years. This one fact counters the argument that the current valuation is because the market is at one of its highest points

Life in States without Easy Payday Loan Availability

 A decade or two ago, state legislators typically paid little attention to the issue of payday loans. However, after the financial collapse that occurred in 2007, the federal government created the Consumer Financial Protection Bureau, and the CFPB began to research payday lending almost as soon as the agency was formed. The CFPB generated a

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, 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

Bubble, Bonds, Boils and Troubles

The world’s central banks face increasing problems when it comes to planning fiscal policies in today’s climate of financial uncertainties, lower gross domestic production levels, or GDPs, and artificially high bubbles that seem to be artificially upholding inflated stock values. Bubble Finance has Gone to New Extremes recently published a report that examines these

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

There’s Just No Stopping the Chinese Debt Juggernaut

In the financial world, several notable investors have recently expressed concern about China’s growing debt. Famous investor George Soros reported that the country’s situation bears an uncanny resemblance to the conditions that were present in the United States prior to the 2008 financial crisis. He said, “It’s similarly fueled by credit growth and an eventually

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