Dodd’s Reform Bill Threatens Power of Federal Reserve
Debt Relief Would Be a Whole New Ballgame
The people of American are looking for debt relief any way they can find it these days, and it appears that the only way true gains in this area are going to be made is if major restructuring of America’s financial regulatory agencies [...]
Money—More of a Concept than You Might Realize
When Banks Fail
According to the FDIC and other sources, the number of bank failures now exceeds 100. The latest closures included four small- and medium-sized banks in Florida and Georgia: Partners Bank and Hillcrest Bank, both of Naples, FL; Flagship National Bank, Bradenton, FL; and American United Bank, Lawrenceville, GA. [...]
Payday Loans Beat FDIC Small-Dollar Loans Hands Down
Payday Loans Profit With Lower Overhead
The payday loan industry continues to fulfill the needs of consumers, particularly during the tight times of the recession. On volume, payday lenders are able to make profits that allow them to continue to operate in the majority of states. Thus, the relationship between consumers [...]
FDIC Needs a Bailout from Banks This Time
Because propping up failing banks is tough
It would appear that the FDIC is in need of payday loan lenders these days. Maybe they’ll need something even stronger. But here’s a possible scenario that could be in store for the federal organization that has helped insure customer deposits in failed banks: [...]
FDIC Study Says Payday Loans are Cheaper than Overdraft Fees
Report confirms facts
In November 2008, the FDIC released a report called Study of Bank Overdraft Programs. While payday lenders and their customers have known for years that taking out a payday loan is cheaper than overdrawing your bank account, this study calls attention to this fact.
Fee comparison
Lawrence Meyers from Blogger [...]
Treasury Unveils “Stress Test” For Banks
Obama reveals the secret formula
At what point will the government step in and take control of failing banks? That’s a question that a lot of Americans have been wondering about lately, and all we’ve known up to this point is that President Obama has made reference to a “stress test” [...]
FDIC Bank Overdraft Study Proves Payday Loans Are Better
Critics of payday loans frequently site that the annual percentage rate (APR) for such short-term micro loans is rather high, typically reaching figures in the neighborhood of 391 percent.
Even though APR is not entirely compatible with payday loans (which are often two-week loans, making full-year interest rates immaterial), lets assume [...]
Payday Loans News Break: FDIC Bails Them Out | Credit Repair for Mortgage Lenders
The Paulson Plan has provided relief for floundering banks in America, but the help mortgage lenders have sought for their own credit repair hasn’t been forthcoming. Until now.
The FDIC has announced its home loan modification program
With this new plan, the Federal Deposit Insurance Corp will seek to prevent about 1.5 [...]
No Fax Cash Advance news: Smaller Banks, Local Impact
Business owners trying not to panic
Quoted With Edits From: Smaller Banks, Local Impact (Local 12 Cincinnati)
Go Local
Thirteen banks have failed in 2008, and the a section of the proposed bailout is intended to increase stability for smaller banks. The more customers a bank has, the more stable it becomes, and [...]
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".
