Kinsman, IL | Scene of FBI raid

Minuscule town raided by FBI
insman, Illinois is a sleepy little town with a population just over 100.  It’s about 50 miles southwest of Chicago, and there isn’t much there, not even a gas station or a single cash advance store.  All that’s in the town is a church, a Post [...]

Image from Flickr.com.  Coming to a small town near you!

Serial Robbers Target Payday Loan Stores

Payday loan robbers abound
The payday loan police have been pretty busy lately, tracking down and locking up men who are suspected of robbing multiple businesses, including several payday loan stores.
The first payday loan store robbery story I have for you comes out of Indiana, where a man is accused of [...]

Surveillance cameras are a good investment for payday loan stores.

Money Magazine Ranks Best Places to Live

Best places to live in 2009
Every year, CNN’s Money Magazine names the best places to live. Today, the list of the 100 best small towns in the United States were published at money.cnn.com.
“Small towns,” according to Money Magazine, are places with populations of 50,000 or fewer. Rather than just rehash [...]

So may places to go.

Couple Brings Baby to Payday Loan Store Robbery

Gun? Check. Baby? Check.
I guess this pair of robbers couldn’t get a baby-sitter. The most recent in a string of nationwide payday loan store robberies had an interesting twist.
The man who demanded money at the Texas payday loan store held a gun. The woman with him, his suspected accomplice, held [...]

Texas Car Title & Payday Loan

Security Cameras Catch Payday Loan Store Robbery in California

Suspects still at large
A robbery in Moreno Valley at an Advance America payday loan store was captured on video, thanks to the company’s security cameras.  Though the tapes caught the two men involved in the crime on film, the police haven’t identified them yet.
Video released
Stills from the video cameras have [...]

A clip from the robbery video.

Police Seek Payday Loan Store Robbers in Illinois

The robbery trend  continues
Another payday loan store has been held up by robbers, this time is Waukegan, Ill., near Chicago.
Police say they are seeking two men. The robbery occurred Tuesday shortly before 10 a.m.
What went down
Witnesses say one man waved a gun in the air while another went behind the [...]

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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 [...]

closed

Illinois AFL-CIO Endorses Payday Loan Reform Advocate

Candidate has record with payday lenders

John Fritchey, candidate in the Illinois 5th Congressional District race, got an endorsement from the AFL-CIO today. The organization cited his voting record regarding payday loan reform and other financial legislation among its reasons for endorsing him.
Obvious answer for skeptics
Fritchey in the past has voted [...]

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Payday Loan Store Zoning Isn’t the Answer

Zone in on the benefits of the payday loan
A recent opinion piece in Springfield, Illinois’ The State Journal-Register – “Our Opinion: Will payday loan law help MacArthur?” – we hear even more bleating in the endless drone over payday loan store zoning.Supporters of a recently passed 1,500-foot minimum restriction between [...]

House Bill 6734’s the Disease, Payday Loans the Cure

Payday loans for a healthy Illinois
The Illinois legislature – a cobra in the grass, coiled and waiting to strike – still thinks that Payday loans are the disease. But in fact, they’re the cure.
Just before being kicked out the door, defeated Illinois State Representative hopeful Joan Krupa of Peoria introduced [...]

Rimshot, Mr. Cobretti!

Talk of Impeachment; Payday Loans Help When You’re Between Jobs

Looks like Governor Blagojavich is digging in his heels as his much anticipated payday did not come through and he may need payday loans. Lawmakers are considering all options – – including impeachment.
WHAT NOW?

Image by Getty Images via Daylife

It seems that there is no lack of fodder for the newspapers [...]

CHICAGO - AUGUST 17: (FILE PHOTO)  Illinois Go...

Obama Calls for Blagojevich Resignation | No Payday Loans For Him

Here’s an update on the shocking story of Illinois Governor Rod Blagojevich, who is not above selling Senate seats for cash, even though he could have relied upon payday loans.
President-elect Barack Obama has called for his resignation
Blagojevich reported to work today, then discovered just hours after that Obama has called [...]

President Obama & First Lady Michele Obama