Tag Archives: Payday Loan

Payday loans are notorious for being under the watchful eye of the Consumer Financial Protection Bureau (CFPB). The focus of the company is to make consumer financial products and services work for customers. They supervise banks, credit unions and other financial companies as local police would watch over a neighborhood. Everyone in the playing field should be playing in a safe and responsible way. When there is a player who breaks the rules, the company will be called out and when appropriate, charges made. The CFPB look closely at more than payday loan … Continue reading →

What would it mean to customers to have online payday loans regulated differently? Would a more blanket approach across the states be better in controlling online lenders? Brick and mortar payday loans are set buildings within a high payday loan user population. People go to the location for their loans and get the money right there on the spot. Since the fixed location of the lender limits the customers, individual state regulations work very well for this situation. How are state regulations not working for online payday loan lenders? The Internet is not so easy to … Continue reading →

What did people do before direct payday loans were available? Can you remember what it was like before online banking made keeping a checking account balanced a breeze? Some of you who remember, may have chuckled reminiscing about sitting at the kitchen table or desk with a calculator, bank statement, a pencil and lots of frustration trying to make the end total on your bank statement combination your check book ledger. Trying to find a dime amid the dozens of checks written each month too hours. Of course, this was before … Continue reading →