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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

Why It’s so Hard to Regulate Payday Loan Companies

In an attempt to protect people from themselves and the payday loan industry, the Consumer Financial Protection Bureau, or CFPB, intends to implement a new set of rules. Why is it so hard to regulate payday loan companies? The answer to this can be found in Georgia’s past, which is rife with attempted legislation involving

Stocks Continue to Break Records – Is It Really Different this Time?

Stocks continue to break records despite financial analysts’ predictions of doom due to Brexit, or Britain’s decision to leave the European Union, and sluggish economies throughout the world. Artificially low oil prices due to the price war between Saudi Arabia and shale-oil producers in the United States, despite providing a big benefit to consumers, have

Economy Finally Shows Signs of Decent Growth

The recent jobs report certainly made some investors happy as the surprisingly high numbers brightened up the country’s economic outlook. For the second straight month, the U.S. added jobs. Wages also picked up a little steam. Good news came from the trading floor as well since stocks recently posted record highs while volatility is hovering

Despite Detractors, Payday Loans are Often Helpful

Comedian Sarah Silverman performed in a skit about payday loans for “Last Week Tonight with John Oliver.” While in character, she said, “If you’re considering taking out a payday loan, I’d like to tell you about a great alternative. It’s called ‘Anything Else’.” This statement certainly highlights the negative feelings that people have about the

Most New Jobs Created in the Recovery are Second Rate

While economists and investors are celebrating the new jobs report that shows 255,000 new jobs were added in July, many of the new jobs created in recent years have been second-rate ones. If an individual is unable to live by having just one of the new jobs created, then he or she may need two

Cash Advance Loans – A Technological Solution

Their is a new option that is a different kind of cash advance loan, but is it a better solution? It might be. The service offers several benefits that are tough to ignore. For many Americans, money is a little too tight while credit is becoming harder to come by. A recent survey commissioned by

Use of Installment Loans Skyrockets – Here’s Why

  The category of installment loans covers a wide variety of both secured and unsecured loans. Secured installment loans are those that require the borrower to pledge collateral; financing a car or taking out a mortgage are examples of secured installment loans. Unsecured installment loans include personal loans, student loans and signature loans, and these

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

Wages are Rising! Jobs Are Increasing! Is a Real Recovery Here at Last?

The Bureau of Labor Statistics has released its report for July 2016, and the numbers have some people speculating that a real recovery may be at hand. Wages have been rising consistently for the past few months; the average hourly wage for July was $25.69. The unemployment rate was 4.9 percent for July, which was

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

Irrational Exuberance Redux – Do Market Fundamental Even Matter Anymore?

Irrational Exuberance Redux – Do Market Fundamental Even Matter Anymore? During the 1990s, in the midst of the dot-com bubble, the then-Federal Reserve Board chairman Alan Greenspan issued a warning that the American market might be overvalued. He placed the blame on sustained low inflation and lower risk premiums, which can lead to escalated asset

Markets Hitting Record Highs Following Global Central Banks Easing Signals

Huge recent changes in world politics and financial institution policies are shaking up the global economy. The United Kingdom’s decision to leave the European Union, a move dubbed Brexit, has rocked share prices as the value of the pound against the dollar experiences dramatic dips and peaks. The Bank of Japan implemented a risky policy

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.

The Chinese Solution for Too Much Debt? More Debt

During the first quarter of the year, China’s debt grew to 237 percent of its gross domestic product or GDP. While this level matches that of the Eurozone or the United States, it’s much bigger than the debt levels of most developing economies. What is the Chinese solution for too much debt? Clearly, it’s more