Better Business Bureau vs Payday Loan Industry
As with many of the arguments put forth by politicians, and financial conglomerates the claim is empty, just another scare tactic to try and convince the consumers (you) that the payday loan industry is some evil empire out to steal your money.
Credit Card Loopholes
With the Credit Card Accountability Responsibility and Disclosure Act of 2009, which took effect on Monday now in play even more loopholes are being brought to light. With the constant talk of payday loan lenders corrupting the financial industry
New Credit Card Law, Same old failing system
Consider a sub-prime credit card that now comes with a 59.9 percent interest rate. The lenders serving risky borrowers say high fees and interest rates are necessary because their customers are more likely to default on loans. Restrictions on what they charge could put them out of business, and leave the neediest with no options at all, they say.
Payday Loans Strong In Ohio
The General Assembly, left and right wing alike allow payday lenders to continue business as normal. *Gasp* 391 percent… shocking. Get a grip. I find it funny that legislators are still trying to pull the proverbial wool over the general public’s eyes with these large percentage numbers. These numbers are less than what you pay for overdrawing your checking account.
