June, 2010
Banks pursue payday loan market share with FDIC pilot program
A pilot program intended for banks to provide alternatives to payday loans has been developed by the Federal Deposit Insurance Corporation (FDIC. The final results of the small dollar loan pilot program started in 2008 were released by the FDIC in a report June 24. The FDIC determined the program was successful. Nevertheless, bank parameters ...
Auto industry uncertainty mirrors auto advertising shakeup
With fear of a double-dip recession on the minds of auto industry executives, drastic actions are being taken that have sent shock waves through the once steady world of auto advertising. Where size and experience used to guarantee an advertising agency's future business with automakers, now the very same automakers are seeking to shake things ...
Operation sunset meaning no body count, just dead jobs
Operation Sunset places a rate cap on short-term loans that will in the future drive those lenders out of business and out of the state. However, it was reported by the Tucson Citizen that Arizona Attorney General Terry Goddard is prepared to mount a massive offensive against the supposedly heinous crimes of purveyors of easy ...
Cash store continues to serve public even through trials
Payday loan companies like Cash Store have been facing many legal opposition in their quest to provide extra cash loans for consumers. Much of this has come from consumer interest groups with lobbyist connections to some elected officials. They claim to represent the best interests of consumers in their opposition to such outlets as CEO ...
$ 55,000? Easy to forget for one Congressman
A huge personal loan is easy to forget, right?. Congressman Gregory Meeks from Queens, though, seems to have just “forgotten” about over $ 55,000 in personal loan. Gregory Meeks, 11 year representative, is a senior member of the House Financial Services Committee.
The “oversight” of Congressman Gregory Meeks
Last Sunday, the New York Daily News broke the ...
