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Delaware Payday Cash Loan Lenders Find Creative Ways to Skirt Regulations

In an attempt to clamp down on predatory lending practices, Delaware’s legislators passed regulations in 2012 that limited the number of payday loans that a borrower could take out in one year. However, Delaware payday cash loan lenders found creative ways to skirt regulations, and it was business as usual. Delaware Payday Lenders Use Their

There’s Just No Stopping the Chinese Debt Juggernaut

In the financial world, several notable investors have recently expressed concern about China’s growing debt. Famous investor George Soros reported that the country’s situation bears an uncanny resemblance to the conditions that were present in the United States prior to the 2008 financial crisis. He said, “It’s similarly fueled by credit growth and an eventually

Installment Loans Gain Ground as Payday Loans Online Draw Fire

The payday loan industry has mastered the art of transformation. In the past, it’s done this by transitioning from operating out of classic storefronts to processing payday loans online as well as by offering title loans instead of traditional payday loans. With new federal restrictions on the horizon, the industry is finding that it needs

What Cash Advance Loans Cost and How They Work

When it comes to what cash advance loans cost and how they work, keep in mind that short-term loan companies may have subtle processing differences, but there are regulations in place to keep lending fairly consistent. Cash advance loans are funds that a lender provides to a borrower to meet his or her immediate financial

Nevada Attempts to Restrict Payday Merchants

Attacks on fast cash payday lenders have increased dramatically in recent years. At the national level, the Office of the Federal Register has published the final regulations proposed by the Consumer Financial Protection Bureau, commonly known as the CFPB. The new regulations take direct aim at payday lenders as well as lenders who offer title

Why Cash Advance Loans Can Actually Do Some Good

The Consumer Financial Protection Bureau has been in the news quite a bit recently. The agency, normally referred to as the CFPB, began working on stricter regulations for the cash advance industry several years ago. Much of the current news concerns the proposed regulations that the CFPB has announced for loans of relatively small dollar

Shale Oil and the Saudis–The War Continues

Saudi Arabia dominates OPEC, or the Organization of Petroleum Exporting Companies, and its decision to flood markets with cheap oil in 2014 was intended to quash shale production so that the country could resume its pre-eminence in world oil production. A report that appears in Telegraph.co.uk suggests that the strategy backfired. U.S. companies responded with

Installment Loan Solutions Offered by Startup Lenders

Advances in technology have had a significant impact on the way that many Americans work, shop, pay their bills and access entertainment. Technology has made it possible to shop for an insurance policy, purchase it online and receive immediate proof of coverage. For years, many lenders have offered online applications for everything from mortgages to

Why It’s so Hard to Regulate Payday Loan Companies

In an attempt to protect people from themselves and the payday loan industry, the Consumer Financial Protection Bureau, or CFPB, intends to implement a new set of rules. Why is it so hard to regulate payday loan companies? The answer to this can be found in Georgia’s past, which is rife with attempted legislation involving

If Payday Lending Ends, What Replaces It?

Payday lending has been attacked from many quarters because the industry is an easy target in today’s media-savvy, soundbite culture. The Consumer Financial Protection Bureau, or CFPB, has been tasked with recommending financial reforms, and despite limits to its powers that include not being empowered to set interest rate caps, the agency has arbitrarily recommended

Stocks Continue to Break Records – Is It Really Different this Time?

Stocks continue to break records despite financial analysts’ predictions of doom due to Brexit, or Britain’s decision to leave the European Union, and sluggish economies throughout the world. Artificially low oil prices due to the price war between Saudi Arabia and shale-oil producers in the United States, despite providing a big benefit to consumers, have

Economy Finally Shows Signs of Decent Growth

The recent jobs report certainly made some investors happy as the surprisingly high numbers brightened up the country’s economic outlook. For the second straight month, the U.S. added jobs. Wages also picked up a little steam. Good news came from the trading floor as well since stocks recently posted record highs while volatility is hovering

Most New Jobs Created in the Recovery are Second Rate

While economists and investors are celebrating the new jobs report that shows 255,000 new jobs were added in July, many of the new jobs created in recent years have been second-rate ones. If an individual is unable to live by having just one of the new jobs created, then he or she may need two

Cash Advance Industry Under Siege as CFPB Violates Dodd-Frank

Cash advance companies are being wrongfully targeted by the Consumer Financial Protection Bureau, or CFPB. The CFPB was created as a tool of financial reform in the legislative package that was authorized by the Dodd-Frank Act, but the law specifically includes terms that prohibit setting interest rate limits, as they are trying to do with

Wages are Rising! Jobs Are Increasing! Is a Real Recovery Here at Last?

The Bureau of Labor Statistics has released its report for July 2016, and the numbers have some people speculating that a real recovery may be at hand. Wages have been rising consistently for the past few months; the average hourly wage for July was $25.69. The unemployment rate was 4.9 percent for July, which was

Postal Banking – A Possible Payday Loans Alternative

While some consumers turn to payday loans to cover unexpected expenses, a growing group is now relying on the high-interest credit lines to supplement their inadequate income until the next paycheck. There are limited ways that people who do not have a financial cushion or strong credit history can access quick cash in a pinch.

Irrational Exuberance Redux – Do Market Fundamental Even Matter Anymore?

Irrational Exuberance Redux – Do Market Fundamental Even Matter Anymore? During the 1990s, in the midst of the dot-com bubble, the then-Federal Reserve Board chairman Alan Greenspan issued a warning that the American market might be overvalued. He placed the blame on sustained low inflation and lower risk premiums, which can lead to escalated asset