The Consumer Credit Act of 1974, which regulates consumer law and spending, gave borrowers many rights against the companies that loaned them the money. Unless the bank that you borrowed the money from followed explicit rules for loaning money, you may have an unenforceable credit agreement. If your agreement is found to be unenforceable, you [...]
FDIC: Payday Loans a Superior Form of Short Term CreditSeeking Alpha, NYThe November 2008 FDIC Study of Bank Overdraft Programs (ODP) proves beyond the shadow of a doubt what we've known all along: payday loans are a much cheaper short-term credit alternative than bank overdraft protection programs. …Payday advance: Assists you in your financial urgenciesSearch By [...]
Legislature pushes payday loan reformSouthern Idaho Business, IDBy Jared S. Hopkins BOISE – Idahoans who use short-term payday loans could receive an additional layer of protection under a measure before the Idaho Senate. Under the bill, which passed the Senate Commerce and Human Resources Committee last week, … More: continued here
Senate committee passes payday loan billKTVB, IDAP BOISE — A Senate Committee has approved a bill that would provide a powerful incentive to make sure all payday lenders offering loans to Idaho residents are licensed. Payday lenders provide short-term loans with high interest rates and usually … More: continued here