14 May 15

Report from SBREFA Panel on Payday, Title and Installment Loans

Wednesday, I had the opportunity to participate as an advisor to a small entity representative (SER) at the small business review panel on payday, title and installment loans. (Jeremy Rosenblum hasfour postshere, here,hereand herethat analyze the rules being reviewed in detail.) The meeting was held in the Treasury Buildings Cash Room, an impressive, marble-walled room where President Grant held his inaugural reception. Present at the meeting were 27 SERs, 27 SER advisors and roughly 35 » read more.


Link Category: Payday Loans



14 May 15

Maplewood man who faces prior indictment for alleged $250000 debt relief …

Maplewood man who faces prior indictment for alleged $250,000 debt relief scam is indicted again for allegedly repeating scam in Jersey City By: editor TRENTON – Acting Attorney General John Hoffman announced that, for the second time in three months, an alleged con artist has been indicted for allegedly defrauding customers by promising them big reductions in their monthly bills and then stealing their money in a Ponzi scheme. In February, Germaine Theodore was charged » read more.


Link Category: Debt Consolidation



13 May 15

With Mortgage Rates Below 4%, States With The Most Refinance Loans

With Mortgage Rates Below 4%, States With The Most Refinance Loans Current Mortgage Rates Spike Refinance Loans Since the start of 2014, conventional mortgage rates have been on steady decline, lowering from the mid-4s to the mid-3s. And, finally, existing homeowners are starting to take advantage. Home refinance activity is up 48% from one year ago for conventional loans, according to data from the Federal Home Finance Agency (FHFA); refinance activity for FHA loans and VA » read more.


Link Category: Debt Consolidation



13 May 15

Payday interest cap bill headed to House committee

A day before a bill is scheduled to appear in committee, supporters of payday and title loan reform Tuesday urged passage of legislation that would cap the interest rates the industries can charge on customers. Payday and title loans are short-term loans, usually lasting between 14 and 30 days, for generally small amounts. Critics say the loans carry high interest rates — a maximum of 456 percent APR for payday loans; 300 percent maximum for » read more.


Link Category: Payday Loans



12 May 15

CFPB Should Heed Concerns of Payday Lenders

The Consumer Financial Protection Bureau is preparing to take the next step in its quest to create new rules for the short-term credit market. Almost a month ago, the CFPB announced its concepts for rulemaking at a field hearing in Richmond, Va. This week, the CFPB began a process to examine the impact its proposal will have on small businesses. Within the industry, its already clear the impact will be catastrophic unless the CFPB makes » read more.


Link Category: Payday Loans



11 May 15

Maple Ridge bans new payday loan centres

New payday loan centres that promise short-term loans and instant cash are now banned from opening up in Maple Ridge, BC There are currently six such businessesin the city, but council recently passed a bylaw prohibiting any new ones from setting up shop. Councillor Tyler Shymkiw, who introduced the bylaw, says payday lenders trapusers in a cycle of debt and poverty because many cap interest rates at 23 per cent over a two-week loan period, » read more.


Link Category: Payday Loans



11 May 15

Assistance program provides GS employees counseling, more

KIRTLAND AIR FORCE BASE, NM (AFNS) — Personal and family problems can diminish a persons happiness, health and ability to be their best at home or at work. With help from the Employee Assistance Program, employees of authorized federal agencies can resolve these matters and become happier, healthier and more effective. According to Ed Thomas, an EAP field consultant, Working at a military installation can involve stressors that are not present in off-base workplaces. When » read more.


Link Category: Debt Consolidation



10 May 15

Debt Consolidation USA Talks About Important Financial Tools

Debt Consolidation USA recently shared in a article how consumers can be more prepared in dealing with their finances. The article highlights some of the must-haves people need to remember that can greatly help in managing their finances better. Philadelphia, PA (PRWEB) April 21, 2015 Debt Consolidation USA recently shared in a article how consumers can be more prepared in dealing with their finances. The article, titled Important Financial Tools You Need To Have With » read more.


Link Category: Debt Consolidation



10 May 15

Rise in equity release to boost pension income

Rise in equity release to boost pension income Seven out of 10 (70 per cent) of equity release advisers expect the market to continue to grow over the next six months, despite the short-term effect of the new pension freedoms. According to research by national equity release adviser firm Bower Retirement Services, advisers remain confident that the market for equity release products is set to grow over the long-term. This is despite retirees now having » read more.


Link Category: Debt Consolidation



9 May 15

How Marketplace Lending is Disrupting Consumer Loans in Canada

The consumer loan experience is getting an upgrade in Canada courtesy of some new players that are targeting the long waits and paperwork hassles of traditional loans and the high rates of alternative providers like payday loans.  Experience in other markets like the US and UK points to a coming wave of disruption to the benefit of customers, platforms and others and at the expense of the big banks. Marketplace Lending to the Rescue Two marketplace lending startups » read more.


Link Category: Debt Consolidation




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