Is it possible to really make sense of new CFPB Payday Lending Rules?
There used to be an old cartoon that ran on Saturday mornings, called Schoolhouse Rocks. These short, animated shows tried to help make sense out of seemingly complex things. One of the most popular episodes was about how a bill becomes a law. It was a fun show that taught lots of kids (and adults)... Read More »
Has Government Pressure led to Google Banning Ads for the Payday Lending Industry?
It wasn’t all that long ago that Google seemed to have a real love for the payday lending industry, and other similar types of financial products. However, something seems to have happened that turned the search engine giant away from an industry it once helped to support via its popular online ads. Google Ventures has... Read More »
CFPB Catching Criticism from All Directions Lately
The Consumer Financial Protection Bureau was formed in 2011, ever since then the CFPB has been squarely in the targets of a wide range of financial institutions. There are active members of the Senate – Republicans for the most part – who are trying with all their might to get it shut down completely. They... Read More »
Prominent Democratic Leaders Face Off Over Payday Loan Industry Regulations
You don’t have to be a fan of professional wrestling or boxing to enjoy a good rumble. As a matter of fact, the political arena often offers up some of the most interesting battles that take place. For example, currently two of the most prominent leaders of the Democratic Party are going toe-to-toe over paydaAnti-Malwarey... Read More »
Huge Title Loan Companies Plead for Financial Record Privacy
Though public records have existed – in one form or another – since the creation of written words, not all records are made available to the public. We live in a time when it is possible to find information on just about every private citizen and public corporation. From birth certificates to financial records, there... Read More »
Find out how the Famous Hardcore Pawn Shop Locks into Current Economic Trends
Reality shows have been huge for the past few years. Of course, there are some tried and true reality shows that have been around for nearly a decade. The Hardcore Pawn show, based in Detroit, is one such show. And not only is the show established, but the pawn shop where this show is filmed... Read More »
FTC and Law Enforcement Agencies Join Forces to Battle Abusive Debt Collectors
The Federal Trade Commission, along with other law enforcement agencies announced that they will be joining forces to make a coordinated strike against abusive and deceptive debt collection agencies. This crackdown, which will run nationwide, includes 30 new acts of law enforcement from local, state and federal authorities and is focused on debt collectors that... Read More »
What Does the Average Person Think About and Fear When it Comes to Money
There’s a popular saying about having “your mind on your money and your money on your mind.” As it turns out, most of us spend a lot of time thinking about money. Apart from fantasizing about what it would be like to win the lottery and finish our days in luxury, the majority of our... Read More »
Payday Loan Customers are Fed Up with Federal Government Interference
The federal government here in the United States is not shy about regulating industries to provide protection to its citizens. However, there are times when regulation runs amuck and causes more problems than it solves. The feds, via the Consumer Financial Protection Bureau, have recently been stirring up a hornet’s nest by proposing excessively strict... Read More »
Is Operation Choke Point Easing Off of Payday Lenders?
Could it finally be true that payday lenders are no longer in the crosshairs of the Federal Deposit Insurance Corporation? It looks like it may be true after all. The banking regulator recently took some industries off of a list that contained businesses deemed to be “high risk”. These targeted industries included payday lenders, firearms... Read More »
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