Overdraft Fees Send Scores to Check Cashing, Payday Loans

Exorbitant Overdraft Fees Erase Funds of the Working Poor
In the 1960s and 1970s, many of America’s largest banks decided to go “where the money is” by pulling their branches out of the inner cities and focusing more on affluent areas. It may be sheer coincidence that infamous bank robber John [...]

In what universe does a one percent check cashing fee exceed a $35 overdraft fee for overdrawing a checking account by $.01? (Photo: flickr.com)

Payday Loans: Going Where the Need is Greatest

Fed Study Shows Payday Loan and Related Outlets Cluster
Payday loans are an inescapable landmark in America’s modern economic landscape. The popularity of the short term loan product has grown significantly since the early 1990s, and it’s no wonder. Giving consumers the ability to absorb financial shocks in the short term [...]

Payday Loans have the green light when it comes to going where the financial need is greatest. Access to conventional credit plays a large role. (Photo: flickr.com)

Allyson Ames of Wonderland Bakery in ‘The Richest Kids in America’

Author dubs Allyson Ames an inspiration
America definitely has a fascination with people who “make it” at a young age and don’t spend their lives just waiting until check cashing time. This can mean winning the Olympics, becoming famous or getting rich. Mark Victor Hansen’s fascination with rich young people lies [...]

Allyson Ames | Image from OC Metro

Father’s Day Gift Ideas that Will Make Dad Proud

Inexpensive Father’s Day gift ideas
My dad always tried to encourage me to use, spend and invest money wisely. I am betting most dads, even the ones who aren’t particularly financially savvy themselves, try to instill similar ideas in their children.
These Father’s Day gift ideas will not only show Dear Old [...]

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President Obama’s CAFE Standards Will Reduce Auto Emissions

Taming the auto emissions jungle
Aside from rampant overproduction and an overall lack of quality, one of the major reasons the discoboat dinosaurs of the American automobile industry are in over their heads financially – and in dreadful need of a big payday cash loan from a giant check cashing business [...]