Payday Loans

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Millions In U.S. Do Their Banking Without Banks, According To FDIC Survey

NPR | Sam Sanders | Posted 12.06.2009 | Business

Read More: Pawn Shops, Fdic, Americans Banks, Bank Fees, ACE Fees, Federal Deposit Insurance Corp, Banking, Al Walker, Payday Loans, ACE Cash Express, Check-Cashing Services, American Banking, Federal Deposit Insurance Corporation, Banks, Business News

About 60 million adults do their banking at places other than banks, according to a new survey by the Federal Deposit Insurance Corporation....

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It's Time to Teach Children About Money

Don McNay | Posted 10.12.2009 | Business

Read More: Keen Johnson, Kentucky Governor, Kentucky Guardianship Administrators, Children, Have and Have Nots, School Curriculum, Rowman & Littlefield, Cell Phone, Gambling, Bailout, Lexington KY, Dollar, Grade School, Timothy Geithner, Happy Chandler, Financial Meltdown, Great Depression, McNay Settlement Group, Ipod, Educators, Ky, Clu, Savings Rate, Education, Louisville, Son of a Son of a Gambler, Million Dollar Round Table, High School, Ben Bernanke, Teachers, Investments, John Mellencamp, Frugal, Main Street, Darwin, Keen Babbage, Financial Crisis, The American College, Richmond, Personal Finance, Impact, Casinos, Msfs, Structured Settlement, Lottery, Chfc, Handling Money, Kentucky, Payday Loans, Don McNay, Hank Paulsen, Slot Machines, Recession, Henry Clay High School, Credit Cards, Wall Street Bailouts, Wall Street, Vanderbilt University, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, Extreme Economics, Too Big to Fail, Payday Leading, Business News

I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.

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Is Credit Evil?

Don McNay | Posted 11.29.2009 | Business

Read More: Financial Peace, Kentucky Guardianship Administrators, Capital One, Investment Risk, Big Money, Cnbc, Aig, Mortgages, Richmond Ky, Home Prices, Christian Author, Financial Crisis, Immediate Annuity, American College, Tax-Refund-Anticipation-Loans, Lexington, Personal Finance, Credit Card Fees, McNay Settlement Group, Msfs, Payday Lending, Structured Settlement, Citigroup, Chfc, Loan Sharks, Home Mortgages, Car Loans, Upside Down, Larry Burkett, Kentucky, Don McNay, Payday Loans, Credit Crisis, Structured Settlement Annuity, Credit Cards, Fox Business News, Clu, American Express, Dave Ramsey, JPMorgan Chase, Cnn, Subprime Mortgages, Credit, Vanderbilt University, Syndicated Radio, Million Dollar Round Table, Eastern Kentucky University, Fox News, Warren Buffett, Cssc, Annuity, Race Track, Too Big to Fail, High Interest Rates, Christian Financial Concepts, Louisvile, Business News

I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.

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Payday Loans: Large Banks Push High-Interest Loans On Their Customers

startribune.com | CHRIS SERRES, Star Tribune | Posted 11.09.2009 | Business

Read More: Payday Loans, u.s. Bancorp, Usury Laws, Check Cashing, Fifth Third Bancorp, Wells Fargo, Business News

A few of the nation's largest banks -- including Minneapolis-based U.S. Bancorp, Wells Fargo & Co. of San Francisco, and Fifth Third Bancorp of Cincin...

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Payday Loans: Do Borrowers Know What They're Getting?

Slate Magazine | Ray Fisman | Posted 08.24.2009 | Business

Read More: Payday Loans, Alternative Lending, Check-Cashing-Store, Payday Loans Slate, Apr, Business News

There's been a lot of finger-pointing lately about who is to blame for the untenable financial circumstances of many American families. Among the usua...

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Most Payday Borrowers Take On More Loans In A Hurry: Study

HuffingtonPost.com | Arthur Delaney | Posted 08.09.2009 | Business

Read More: Payday Lending, Payday Loans, Center for Responsible Lending, Business News

Payday loans are touted as a useful financial product for middle-class households that just need a little help making ends meet in the short term. But...

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Getting Rich and the Marshmallow

Don McNay | Posted 07.25.2009 | Business

Read More: College Students, Predicting Wealth, Thomas Stanley, Stanford Department of Psychology, Defined Benefit Plans, Discipline, Marshmallow, Main Street, Waylon Jennings, Payday-Loans, Positive Psychology, Fox Business Network, Millionaire Next Door, Stress, Billy Joe Shaver, Small Business Owners, Nursery School, Positive Thinking, New Yorker, Billy-Joe-Shaver, Instant Gratification, Dna, Defined Benefit, 401k, Cincinnati, Stanford University, Lexington KY, Richmond, Fox Business CNBC, Personal Finance, Payday Lending, Msfs, The New Yorker, Dr. Thomas Stanley, Chfc, Cnbc, Millionaires, Pensions, Kentucky, Payday Loans, Don McNay, Ky, Walter Mischel, Credit Cards, Sub-Prime Mortgages, Bing Nursery School, Delayed Gratification, Clu, Structured Settlements, College Student Credit Cards, Adult ADD, Wall Street, Heredity, Sat, Million Dollar Round Table, Genetics, Certified Structured Settlement Consultant, Cssc, Chartered LIfe Underwriter, Tax-Anticipation-Loans, Defined-Contribution-Plans, Business News

We have a financial system that has played to people's weaknesses. We have allowed people who are prone to instant gratification to have as much credit as they could get their hands on.

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Weekly Audit: Ending the Economic Status Quo Economy NewsLadder

The Media Consortium | Posted 07.10.2009 | Politics

Read More: Employee Free Choice Act, Payday Loans, Finance Lobby, Newsladder, Consumer Credit Products, Banking Lobby, Banking Industry, Economy NewsLadder, Predatory Lending Laws, Subprime Mortgages, Tax Cuts, Mortgage-Backed Securities, Interest Rates, Chris Dodd, Consumer Protection, Stimulus Package, Unions, Politics News

by Zach Carter, TMC MediaWire Blogger The banking lobby still holds enough sway inside the Beltway to torpedo sensible consumer protection rules, ev...

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Debt Collector Harassment: Coming To A Library Near You (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 07.06.2009 | Business

Read More: Debt, Debt Collectors, Debt Purchasing, Payday Loans, Credit Crisis, Credit Cards, Business News

Since last November, the Tompkins County Public Library in Ithaca, N.Y. has received a "cease and desist" order from an attorney general or a lawyer i...

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Consumer Advocates Ramp Up Effort To Ban Payday Lending (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 07.05.2009 | Politics

Read More: Interest Rates, Payday Lending, Dick Durbin, Center for Responsible Lending, Payday Loans, Chris Dodd, Politics News

The Center for Responsible Lending has launched a website to bring to light stories of people who say they've been victimized by payday lenders. The s...

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Payday Lending Reform Defeated By Eight 'Present' Votes

Progress Illinois | Adam Doster | Posted 06.29.2009 | Chicago

Read More: Finance Charges, Payday Loan Issue, Payday Lending, Payday Loans, Chicago News

The House Executive Committee rejected Rep. Julie Hamos' (D-Evanston) SB 1435, which would have established reasonable interest rate caps and fair fin...

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Online Loan Sharks Trap People Into Debt -- Then Disappear

HuffingtonPost.com | Arthur Delaney | Posted 06.21.2009 | Business

Read More: Payday Lending, Payday Loans, Internet Payday Loans, Business News

On Thursday the online payday lending industry wrapped up a three day-conference at a hotel near the White House, during which it courted senators and...

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Dodd Dinner With Online Payday Lenders Transforms Into Fundraiser

HuffingtonPost.com | Arthur Delaney | Posted 07.24.2009 | Politics

Read More: Payday Lending, Online Lenders Alliance, Payday Loans, Tim Johnson, Chris Dodd, Internet Payday Loans, Party Crasher, Politics News

The Online Lenders Alliance, a lobby group for Internet payday lenders, is hosting a three-day conference in Washington, D.C. The agenda's highlights ...

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Luntz Health Care Talking Points Become GOP Message

HuffingtonPost.com | Arthur Delaney | Posted 06.14.2009 | Politics

Read More: Payday Lending, Payday Loans, Online Lending, Politics News

Mastermind of conservative talking points Frank Luntz has authored a 26-page report advising Republicans on how best to frame the debate over health c...

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An Open Letter to Magic Johnson

Don McNay | Posted 05.23.2009 | Business

Read More: Checking Account, Michigan State Spartans, Magic Johnson, Irs, Earned Income Tax Credit, Loan Sharks, California Attorney General, Internal Revenue Service, Michigan State University, Eitc, 2009 Ncaa Tournament, Ncaa, Don McNay, Payday Loans, Basketball, Dream Team, Los Angeles, College Basketball, Mcdonalds, Working Poor, Los Angeles Lakers, Check-Cashing-Store, Jackson Hewitt, Tax Refunds, Banking, Refund-Anticipation-Loans, Louisville, Kentucky, Lexington KY, Nba, Personal Finance, Business News

Who is the real Magic Johnson? The friendly guy who raises money for charities or the guy who encourages people to get high interest loans they don't need?

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Magic Johnson and the Tax Refund Rip-off

Don McNay | Posted 05.08.2009 | Business

Read More: Magic Johnson, Michigan State, NCAA Tournament, MC Hammer, 2009 Ncaa Tournament, Larry-Bird, Irs, Instant Gratification, Ed McMahon, Louisville, Kentucky, Lexington KY, Personal Finance, Interest Rates, H&R Block, Payday Lending, Dream Team, Michigan State Spartans, Fdic, Earned Income Tax Credit, California Attorney General, Internal Revenue Service, Dick Durbin, Michigan State University, Eitc, Ncaa, Don McNay, Payday Loans, Credit Cards, Republic Bank, IRS Tax Refunds Delayed, Los Angeles, College Basketball, Working Poor, HIV/AIDS, College Basketball Tournament, Los Angeles Lakers, Jackson Hewitt, Tax Refunds, San Francisco Chronicle, Banking, Tax-Anticipation-Loans, Nba, Business News

Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.

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We Need a Rehab Program for Spenders

Don McNay | Posted 02.24.2009 | Business

The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.

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Predatory Lending Gets a Boost from the NYT

Tram Nguyen | Posted 12.22.2008 | Business

Read More: Financial Crisis, Payday Lending, Economy, Nix Check Cashing, Nix/Kinecta, New York Times, Payday Loans, Kinecta Federal Credit Union, New York Times Profile, Subprime Mortgage, Business News

After the Pentagon documented the adverse impact of predatory lending on military personnel, Congress prohibited payday lenders from making loans to active duty service members.

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Fixing the Economy, from the Bottom Feeders Up

Don McNay | Posted 12.18.2008 | Business

Read More: Gamblers, Wall Street Bailout, Hank Paulson, Wall Street Crisis, Loan Sharks, Economy, Kentucky, Banks, Payday Loans, Credit Cards, Credit Card Debt, Tax Anticipation Loans, Helping the Poor, Business News

I'm not sure where the payday lending businesses came from, but they populate poor neighborhoods everywhere. It's time to help people on the low end, too.

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Poverty in America: The Problems and Solutions

Vivian Norris de Montaigu | Posted 11.21.2008 | Business

Read More: Yunus, Poverty, Check Cashing, Louisiana, Microlending, Nobel, Payday Loans, Obama, Mccain, Western Union, Rural, Teen Moms, Bush, Education, Clinton, South, Palin, Public Transportation, Communities, Shreveport, Economy, Business News

We need to make communities strong again. Our local money does not need to be mixed in with some guy's hedge fund abstract tranche of nothing all to make a fee for some banker in New York.

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