BofA to use NY state database to flag illegal payday loans
NEW YORK (Reuters) - Bank of America Corp has become the first big bank to agree to use a New York regulator's database to ensure it does not process illegal payments from payday lenders to state...
View ArticleThere’s holes in them thar properties
My recent mention of an abandoned coal mine lurking under Chapel Hill Mall widened the eyes of Steve Porpora, who knows more about old Ohio coal mines than anyone who has ever emailed me about them....
View ArticleSolving the problems of payday loans
A new study from the Consumer Financial Protection Bureau and a related field hearing in Nashville have put payday lending in the national spotlight, demonstrating most loans are made to borrowers who...
View ArticleNew York State Makes New Efforts to Combat Payday Lenders
Curbing abusive payday lending practices can sometimes resemble a game of Whac-A-Mole: every time regulators manage to push down one method the industry uses, another new method seems to crop up....
View ArticleFederal antifraud initiative goes too far, banks say
The goal of the Justice Department's Operation Choke Point was logical enough: Instead of the Whac-A-Mole approach to shutting down companies scamming consumers online, go after the financial...
View ArticlePayday lenders can continue with short-term loans despite 2008 law, Ohio...
Janet Adams Cashland and other payday lenders can continue making short-term loans in Ohio, the Supreme Court has ruled. Staff reporter- Columbus Business First | | | The state’s payday lenders earned...
View ArticleFeds to consider stricter payday-loan rules
WASHINGTON — The federal government will consider new rules aimed at curbing payday-lending abuses by insisting that those making the short-term but high-interest loans first determine whether people...
View ArticleSame Day Payday Loans: Direct Lender Institution Offers Quick Approval With...
SameDayLender24.com offers same day payday loans direct lender approval with a quick internet-based process for homeowners that had upside down mortgages CHICAGO, Nov. 13, 2013 /PRNewswire-iReach/ --...
View ArticleFeds to consider stricter payday-loan rules
WASHINGTON — The federal government will consider new rules aimed at curbing payday-lending abuses by insisting that those making the short-term but high-interest loans first determine whether people...
View ArticleOhio justices: Payday loans unaffected by 2008 law
COLUMBUS, Ohio -- In a victory for payday lenders, the Ohio Supreme Court has ruled that a two-week loan to an Elyria man that imposed more...
View ArticleJohn Oliver & Sarah Silverman Slam Payday Loan 'Motherf***ers' On 'Last Week...
On the latest edition of "Last Week Tonight," John Oliver continued his mission of educating viewers on a little-understood topic that has enormous impact on our culture. Previous episodes have seen...
View ArticleSame Day Payday Loans: Direct Lender Institution Offers Quick Approval With...
SameDayLender24.com offers same day payday loans direct lender approval with a quick internet-based process for homeowners that had upside down mortgages CHICAGO, Nov. 13, 2013 /PRNewswire-iReach/ --...
View ArticleOhio justices: Payday loans unaffected by 2008 law
AP Statehouse Correspondent COLUMBUS, Ohio — In a victory for payday lenders, the Ohio Supreme Court has ruled that a two-week...
View ArticleGoogle Announces Removal Of All Payday Loan Ads
The payday loan industry has been banned from placing ads on Google. The search engine juggernaut announced that any advertisements related to the business are being removed. Quoting its “keep bad ads...
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