Study of Overdraft Fees and Protection Cries Out for Reform
When Traditional Banking Becomes Parasitic
If you’re able to see past the shady origins and history of the Center for Responsible Lending, you’ll see that occasionally they do good work that benefits society. While they’re certainly no friend of the payday loans industry, I find that their recent report on the [...]
Should Government Limit Bank Overdraft Fees?
Over-the-top overdraft fees
The Associated Press reports that some senior congressional Democrats want to draw up legislation that would limit how much banks can charge customers in overdraft fees. Personally, I have been slapped with $105 in overdraft charges before for transactions that equaled a lot less than that, so I [...]
Banks Ready to Absorb Defaulting Credit Cards Next
The banking industry
Banks are bracing for their next big hit—defaulting credit cards. The mortgage world has taken its toll on the banks. Bank of America CEO Ken Lewis already warned Congress that despite the billion-dollar bailout, banks will have an “awful year” because of the credit card industry.
Of almost $76 [...]
Banks are Struggling to Lend. Cash Advances Become More Popular
Cash Advances are quick
Cash advances are being relied upon by consumers as they try to make it through their monthly bills. A cash advance can pay for overwhelming debt or an emergency bill because it is quick and easy. Most lending companies for these types of loans make the application [...]
Survey Shows Bank Lending Practices Create Need for Payday Loans
Traditional Banks Have Squeezed the Life Out of Consumer Lending
While the U.S. economy continues struggling to show signs of life, U.S. and international banks are tightening the noose on consumer lending, spurring the growth of payday loans. Prognosis for an economic turnaround early this year rapidly turned to fantasy as [...]
The bank only offers you an umbrella after the rain has stopped
My bank should love me but it sure doesn’t seem that way
I went across the street late last night to deposit a check that had arrived in the mail. The miserable check was payment for an article that was submitted about 6 months ago and was finally published in February. [...]
Frozen Credit from Frozen Banks?
Not after the stimulus fund
Would a short term loan stimulate your business at this time? Banks are expected to facilitate more credit to recessed companies with a fat stimulus fund of $187.5 billion injected into the nation’s largest banks. Now will the bank lend the money to you and your [...]
Banks Shut Down in Nevada and Illinois | Total Closures This Year 16
Nevada Security Savings Bank shuttered
Only two months into the year, already 16 banks in the United States have been shut down. Nevada Security Savings Bank closed its doors Friday.
Regulators shut down the bank and turned deposits over to the Bank of Nevada, based in Las Vegas. Security Savings Bank had $175.2 [...]
No Zombie Banks, Just Payday Loans For Living
Payday loans for reanimated banks?
Payday loans are for living. Zombie banks are mythological husks of a dying economy… right?
Greg Robb of MarketWatch reports that Ben Bernanke and the Federal Reserve are denying that the government has seized control of any banks, or that this will ever be necessary. There is [...]
Personal finance/cash advances – a whole new meaning
The Concept of Personal Finance
When we hear the phrase ‘personal finance,’ we immediately think of banks lending to individual customers and of small ticket personal loans and cash advances.
However, we are not talking about taking loans or cash advances in this article. What we are talking about here is the [...]
The Truth about Obama, Banks, the Illuminati and Payday loans
Obama points the finger
Although payday loans have been taking a lot of heat as of late, President Obama, in his inaugural address, is not referring to payday loans when he points the finger, by stating our economic state is “a consequence of greed and irresponsibility on the part of some…”
He’s [...]
Ohio HB 545 Zombies Cry Foul When Payday Loans Play Fair
House Bill 545 doesn’t play nice with other laws
Payday loans in Ohio have weathered the storm of House Bill 545. This we know. But let’s take a closer look at what opponents of payday loans are concerned about. An editorial by Marc Kovac of Dix Communications, a media conglomerate that [...]
Stanford Customers Want Fast Cash in Advance of Trial
Stanford financial being charged with fraud
Depositors who have had dealings with Stanford Financial want fast cash in advance of the legal proceedings Allen Stanford will face. He has been charged with fraud because of $8 billion in notes he sold. Two other executives are accused as well.
Storming the banks
Hundreds of people lined [...]
Banks can take the bailout money and I’ll take the Payday Loan
Not everyone thinks the bailouts are a good idea
I’m taking a Payday Loan and I will stop complaining. But many people are complaining about the bank bailouts and it’s easy to understand why. In a capitalist society, the strong survive and the weak collapse. A bailout, in many respects, is [...]
Payday Loans and Unemployment Still Climbing
Jobless rate doesn’t drive down payday loans
Given the unemployment rate and the new rounds of job cuts being announced daily, it’s a bit surprising that the number of people who collect payday loans continues to rise. People collecting unemployment insurance typically don’t qualify for payday advance loans.
Payday loans help in [...]
Ohio, Your Payday Loan – Free of Ignorance (Pt. 4)
What will the survivors of the anti-payday loan war do?
This concludes my look at the anti-payday loan debacle in Ohio. Parts one, two and three will set the stage.
Some stores will find a different kind of consumer loan product that serves consumers and circumvents ill-conceived laws written by ill-conceived servants [...]
Payday Cash Advance Loans, Straight Outta Compton
McGray on Payday Cash Advance Loans
Douglas McGray’s November 7 New York Times feature article “Check Cashers, Redeemed” gives readers a glimpse into a world that the media drones on about when they’re in a “who will pull them up by their bootstraps” monotone diatribe when it comes to payday cash [...]
Cash Advances News Break: Banks challenge OFT overdraft ruling
LONDON (SHARECAST) – Eight high street banks are today turning to the High Court in a bid to overturn a ruling on bank overdraft charges.
Your Cash Advances News Source Quoted With Edits From: Banks challenge OFT overdraft ruling (Sharecast)
When Irresponsibility Bites Back
There’s nothing worse than getting a unexpected letter [...]
Lloyds TSB admits overdraft error, are Payday Loans needed?
Some Lloyds TSB customers mistakenly receive letters claiming they had gone overdrawn and would be charged.
Your Payday Loans News Source Quoted With Edits From: Lloyds TSB admits overdraft error (BBC News)
“Technical Error” concerns
An overdraft fee is the last thing that will help repair credit. Fortunately, for Lloyds TSB customers, the [...]
Payday Loans News Break: Survey finds ATM, overdraft fees rise again
You could be in for higher fees if you don’t keep an eye on your checking account.
Your Payday Loans News Source Quoted With Edits From: Survey finds ATM, overdraft fees rise again (MSNBC)
Looks like the sky is the limit with overdraft fees
Overdraft fees rise again as consumers fail to keep [...]
Advertising Network
Loan Modification
Free E-Book
Free eBook
Terms of Use Privacy Policy Contact Us
Copyright © 2009 by Personal Money Store "Article republication is authorized as long as all content links are unaltered".
