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Archive for September 2009 - The Spokesman-Review(12-02) 15:26 PST -- About 7.7 percent of U.S. households have no checking or savings accounts, while an additional 17.9 percent have such weak ties to banks that they use payday loans and pawnshops to meet their financial needs, says a report issued ... Read more
25% of U.S. households have limited bank access - San Francisco Chronicle... outlets around the country that make up the $70 billion payday-loan market. Low-income individuals without bank accounts turn to payday lenders, who provide cash for a large fee. According to one statistic, 70% of payday loans come from repeat ... Read more
FDIC: 9 million U.S. households have no bank accounts - MarketwatchThe Louisiana Attorney General’s Office has charged William J. Chaucer Jr., of Ponchatoula with operating an alleged $11 million Ponzi scheme that defrauded at least 200 investors. Chaucer was arrested on 20 counts each of felony theft, being an ... Read more
Daily Report - Baton Rouge Business ReportRoughly 9 million U.S. households have no checking or savings account, while many who do have bank accounts struggle to build credit histories, according to a Federal Deposit Insurance Corp. survey released Wednesday. In addition to 9 million U.S ... Read more
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Fresno Loans | Payday Loans Fresno | Fresno Home Loans | Easy Fresno ... - PRLog (free press release)On a whitewashed church pew in Johnson City, I sat alone as James Eaton stood over me delivering a sermon. It was a Monday, and this was Eaton’s office. One of the inventors of payday lending—the business of making small, short-term loans from ... Read more
Welcome to the birthplace of payday lending - Harper's MagazineRead more
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