Funding of working capital

Colorado voters urged to make payday loan decision in upcoming election. Proposition 111 sets a cap on the interest rate on these short-term loans. It also eliminates all other fees in addition to this interest rate. You can imagine how getting a short term loan with a huge interest rate …

Parents of a student with special needs claim she was sexually assaulted by a teacher assistant because the Lake County Special Education District failed to protect her, a new lawsuit has found. Israel Suaste-Gonzalez allegedly abused the student “countless times” during the 2016-17 and 2017-18 school years, according to a …

WASHINGTON – President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, bringing in a progressive ally of Senator Elizabeth Warren to lead the agency she championed for creation. Chopra, now a commissioner at the Federal Trade Commission, helped launch the consumer agency …

A year ago, the high cost payday loans that preyed on subprime borrowers appeared to be under attack. In October 2017, the Consumer Financial Protection Bureau finalized federal regulations to force payday lenders to consider whether borrowers could actually repay their loans. These rules, combined with a some state laws …

A prominent Wilmington lawyer has been indicted in a massive payday loan scheme that charged more than 700% interest on loans claiming the lenders were Native American tribes exempt from the law, prosecutors said. Pennsylvania federal officials claim Wilmington resident Wheeler K. Neff, 67, and Pennsylvania resident Charles M. Hallinan, …

Police are questioning a suspect after an 11-year-old girl was sexually assaulted Monday afternoon at a public library in Morgan Park in the far south. The sexual assault occurred at the Walker branch of the Chicago Public Library, 11071 S. Hoyne Ave., officials said. The girl was left alone by …

Provident Financial has been accused of driving the payday loan industry to a “new low” by sending a high-cost credit advertisement featuring the faces of children and babies that had previously been sent to financially vulnerable people. Xmas. Rachel reeves, chairman of the House of Commons affairs committee asked the …

PROVIDENCE, RI – A bill to remove the interest rate cap on “payday loans” was emerging as a potential last-minute special at Rhode Island State House, but the House Godfather has withdrew the bill, which encountered opposition from the state. Treasurer Seth Magaziner. PROVIDENCE, RI – A bill to remove …

In a disturbing voicemail message obtained by the Alaska Landmine, FOX / ABC reporter Maria Athens threatens to kill Anchorage Mayor Ethan Berkowitz and his wife. The voicemail message was left on Friday morning, before Athens posted a video on its official Facebook page in which it baselessly claims Berkowitz …

I have been writing about financial and consumer protection for decades. Yet what I am witnessing now is beyond the criminal. President Trump and the majority of the GOP want to incinerate some of the most important investor and consumer protection laws. I would call it an epic scam because …

Larry Elder announced that he had “detected fraud” in the results of the recall vote in California when they did not yet exist What ultimately led Rose McGowan to oppose a marginalized Republican in California New revelations about Trump’s final days in office raise much more pressing question The United …

Payday loans online are the perfect solution for unannounced financial problems. They offer a quick solution when your paycheck is delayed or has drained before you have paid your bills. These loans are intended for emergency situations and here’s the reason why you should think about these loans when you …

USAA Federal Savings Bank to pay more than $ 15 million in restitution and fines to settle Consumer Financial Protection Bureau claims that the bank neglected stop payment requests and reopened deposit accounts without customers’ consent . The CFPB consent order, announced Thursday, alleged the bank refused to investigate when …

This is a question I get asked often: If the California Usury Act says a personal loan cannot have an annual interest rate greater than 10%, how do payday lenders fare? are they shooting with interest rates exceeding 400%? A number of readers have come to me with this puzzle …

*This is an opinion article* Don Juravin is an American born in Israel to a European family. Juravin has researched and found that women are poorly represented in power in the country that boasts the most diversity and gender equality. The military and the political arena reflect the women who …

On January 22, 2019, the California Department of Business Oversight (DBO) installed with a small lender in the amount of approximately $ 900,000 for allegedly directing consumers to higher value loans in order to avoid statutory interest rate caps and engage in certain unauthorized activities in in connection with payday …

Jackson, miss. Today, the Senate Banking Committee meets to discuss the confirmation of Richard Cordray, appointed to become the first head of the Consumer Financial Protection Bureau (CFPB). On this historic day, as President Obama prepares to deliver a speech on the country’s lingering unemployment crisis, we urge our elected …

Taking out a home loan may soon be easier as the federal government announces changes to laws to “increase the flow of credit” to Australians. The credit rule pages imposed on banks during the global financial crisis will be scrapped, which Treasurer Josh Frydenberg says will free more money into …