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Risky Bank Loans Under Investigation 18 May 2012 | 09:29 pm
When Bianca received a pamphlet for the Wells Fargo Direct Deposit Advance program, she knew what she had to do. She was struggling with raising six kids, had bills she couldn’t pay and needed money f...
Ohio May Cut Off Cash Flow to Short-Term Borrowers 14 May 2012 | 11:39 pm
If you live in Ohio, your legislators may soon be telling you which banks to use for emergency cash. Several municipalities are adding payday advance initiatives to the November ballots. The proposed ...
Banks, Payday Loans Online Direct Lenders Handing Out Cash 10 May 2012 | 11:52 pm
Millions of Americans are requesting quick cash for home expenses, emergency repairs, healthcare costs and other bills, according to a recent report. The Federal Reserve has announced the largest incr...
Company Rethinks Fundraising Hopes 8 May 2012 | 11:14 pm
A loan company that pegged its future on raising $137 million from a bull market has lowered its expectations. Community Choice Financial, Inc., which operates neighborhood lending shops under the Che...
Idaho Lending Bill Dies in Committee Review 27 Apr 2012 | 09:49 pm
A bill that would have spelled the end of payday loans in Idaho has died in the committee review process. The House Business Committee has decided not to give the proposed legislation additional consi...
Big Bank Financing Competitors and Taking Their Customers 26 Apr 2012 | 11:05 pm
The bank that once distributed cash to cowboys and gold-diggers is blazing a trail in two new markets. Wells Fargo, the United States-based lender known for its stagecoach and horses, has begun fundin...
CREW: Laws Made by Local and Online Payday Loans Direct Lenders 23 Apr 2012 | 10:11 pm
One federal watchdog says your political representatives are being paid to vote against you. The Center for Responsibility and Ethics in Washington, otherwise known as CREW, has released its annual re...
CFPB Reveals Shady Debt Collection Practices 20 Apr 2012 | 04:45 am
Are you aware you still have rights even after you stop paying your bills? Your lender may like to keep those rights hidden, but one federal agency is watching out for your interests. After a year of ...
Payday Lender Sees Future In Stock Market 19 Apr 2012 | 03:17 am
At least one consumer finance company believes the U.S. stock market is ready for a comeback. Community Choice Financial, Inc., which operates CheckSmart and other brands, is continuing with its plans...
Direct Payday Lenders Back Romney for President 16 Apr 2012 | 07:52 pm
Nearly nine months before the 2012 presidential election, major players in the financial sector are backing their chosen winner. Several direct payday lenders have contributed nearly $200,000 to a Sup...
