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CashAdvance.com has released information for consumers in Indiana regarding the cash advance payday loan laws in their state.By continuing its State-by-State education initiative, CashAdvance.com continues to be the only cash advance company online that ...
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The administration is planning to turn up the heat on senators, by making officials — and Obama himself — available to print and broadcast journalists in deep-red Alaska, Indiana ... payday lenders charge on average $16 in fees for a $100 two-week loan ...
Read morePresident Obama pushes fight for Richard Cordray
GARY, Indiana--In an abandoned church at the center of what was ... with nearly every shop boarded up except the usurious payday loan office. Someone tried to add a little cheer by painting a smiling usher on the boards covering up the ticket booth of ...
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It is the same business model sub-prime mortgage providers like Countrywide or the “payday loan” business that charges higher interest than a loan shark. It targets the most vulnerable people in society. Selling something that they can’t ...
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He said that without a director, the CFPB could not oversee payday loan firms, student loan providers and other ... that is completely unaccountable in terms of its budget.” Indiana Republican Senator Richard Lugar called the CFPB a case ...
Read moreWhite House presses hard for consumer chief
They estimated that 20 million individuals use payday lenders, more than 4 million have used prepaid cards, and more than 14 percent of consumers have debts in collection. Nearly all adults who apply for mortgages, car loans and credit cards rely on credit ...
Read moreWhite House, Heller spar over consumer bureau
In addition to Maine and Tennessee, the White House will also target Alaska, Indiana, Iowa ... The White House cited a study that said payday lenders, which offer short-term loans to help people cover monthly bills, charge interest rates ...
Read moreObama plans media blitz for US financial watchdog
Earnest said the White House will ratchet up pressure on lawmakers from Alaska, Indiana ... points to studies showing that payday lenders on average charge fees of approximately $16 for a $100 two-week loan. Republican opposition to Cordray ...
Read moreObama Pushes Cordray Consumer Confirmation With Populist Message
For example, the report states that, unlike banks, payday lenders don't currently have to comply with federal laws that relate to consumer financial protections, which means they can continue to charge fees of about $16 for a $100 two-week loan.
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