Industry News
Selling credit reports to payday lenders gets Teletrack fined
Subprime credit reporting agency Teletrack was fined nearly $2 million by the Federal Trade Commission for illegally selling information.
Wednesday, July 6th, 2011 by By Peter Stone
Company offers payday loans in exchange for tattooing pets
Tasq Media is offering a new alternative to payday loans. In exchange for a short-term loan, the company will tattoo logos onto your pet.
Wednesday, July 6th, 2011 by By Ron Ford
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
Payday Loans and How You Can Protect Your Personal Information From Identity Theft
Encryption of your data is just the basic level of protection you need to look for. You can also check to see if the page has HTTPS in the address bar when on application page.
Virginia working to reduce use of payday and car title loans
The state of Virginia technically allows payday lending and car title lending, but has both products contained with legislation.
Friday, June 10th, 2011 by By Peter Stone
Credit unions enter the payday loan business
Many credit unions are now offering short term, high interest loans similar to payday loans, and the practice is getting mixed reactions.
Friday, June 3rd, 2011 by By Ron Ford
Payday loans on the rise in Great Britain
Payday loans in the U.K. are sharply on the rise following the May Day Bank Holiday as prices rise and wages stagnate in Great Britain.
Monday, May 23rd, 2011 by By Ron Ford
How People Are Taking Advantage of Installment Loans To Cover Budget Shocks Today
Budget shocks are something very common these days. Many middle class Americans have started using installment lending products to get through tough times.
Payday lenders thriving despite regulatory climate
Though people are saving money more and regulatory climates are changing, payday loan lenders are continuing to thrive and expand.
Thursday, May 5th, 2011 by By Peter Stone
NFL lockout loans: More money, more problems
The 2011 NFL lockout has spawned a controversial product called the lockout loan. Large-dollar same day loans to players can spell trouble.
Wednesday, April 13th, 2011 by By Steve Tarlow
Center for Responsible Lending has new report on payday loans
A new report has been released by the Center for Responsible Lending, slamming payday loans lenders, but it's just calling out a few bad apples.
Monday, April 4th, 2011 by By Peter Stone
Short Term Loans Are Available Without Credit Checks - What Does That Mean For You?
Having access to a short term loan online when every you want without credit checks is a tempting offer but what should you know before applying?
Demand for same day loans is tremendous, FDIC says
Personal loans and same day loans are popular, but banks have proven too top-heavy to offer them effectively, according to the GAO.
Wednesday, March 30th, 2011 by By Steve Tarlow
Virginia opening up short-term lending to non-residents
The Virginia legislature has passed a bill allowing title lenders to offer loans to non-residents.
Tuesday, March 29th, 2011 by By Mary Rice
Same day loan industry stands against rogue debt collectors
The Community Financial Services Association of America, which represents U.S. personal lenders, stands against aggressive collection practices.
Friday, March 18th, 2011 by By Steve Tarlow
You Are Not Supposed To Know Cash Advances Online Do Not Require Any Credit
Credit is not a factor with cash advances online. There are not credit checks so their is no hard inquiry on your record to lower your credit score.
Loss of refund cash advance product cuts H&R Block revenues
As a result of being forced to stop offering a cash advance against tax refunds, H&R Block has been losing revenue this tax season.
Thursday, March 3rd, 2011 by By Peter Stone
Reno microlending program targets unbankable businesses
A new financing program in Reno is targeting businesses that have been denied financing from traditional loans, but the money is going fast.
Monday, February 14th, 2011 by By Mary Rice
Payday lenders turn to Indian tribes for business partnerships
In order to stay open despite increasingly harsh legislation, payday lenders have had to turn to Indian tribes and form business agreements.
Friday, February 11th, 2011 by By Peter Stone
Personal Online Lending and How It Can Make or Break Your Family Budget During Hard Times
Hard times befall us all but you do not have to break your budget to pay your bills. Use personal loans responsibly to avoid penlaties and late fees.
Retail stores branching out into alternative financial services
Retail giants such as Walmart, Kmart and Best Buy are starting to branch out and offer alternative financial services to unbanked customers.
Tuesday, February 1st, 2011 by By Peter Stone
New rules on credit scores taking effect this year
A provision of the Dodd Frank financial reform act takes place regarding credit scores and reporting this year. It's a good change to know about.
Tuesday, January 11th, 2011 by By Peter Stone
Recent Conversations