Tuesday , 16 September 2014
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Banking at the Post Office — Payday lenders more accepting of idea than bankers

Banking at the Post Office — Payday lenders more accepting of idea than bankers
Payday lenders in Mississippi fall under state laws that restrict loan amounts, interest and prohibit rollovers of loans. Fulmer said he would expect any other issuer of short term loans to follow the same rules. “If they start having inconsistent …
Read more on Mississippi Business Journal (blog)

Elizabeth Warren sees promise in Postal Service as lender
WASHINGTON — Senator Elizabeth Warren, as a financial industry watchdog, wants to crack down on sky-high interest rates and other potentially unfair practices of the payday loan industry. But as a self-described champion of lower-income families, she …
Read more on Boston Globe

College Station City Council joins Bryan in regulation of payday loans
With the changes, payday lenders in College Station will have to be licensed and certified with the city, and the new city ordinance caps credit at 20 percent of a consumer's gross monthly income. A cash advance for motor vehicle loans won't be able to …
Read more on Bryan-College Station Eagle

1 Pawnbroker without the Cash Advance Risk
The less than 10% of First Cash's business that isn't pawn related is made up of cash advance loans or payday loans. These are loans made to a customer based only a check they have in their hands. The fee for these types of loans can be very high …
Read more on Motley Fool

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