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This type of loan doesn't help your credit score, even if you stay on top of it - CNBC


CNBC

This type of loan doesn't help your credit score, even if you stay on top of it
CNBC
Paying down a loan on time is a good way to build a positive credit history and improve your credit score. But those using a payday loan shouldn't expect any good marks in their credit file if they pay on time. Also called cash advances, payday loans ...

and more »

Fall of payday lenders gives rise to alternative products - The Jerusalem Post


The Jerusalem Post

Fall of payday lenders gives rise to alternative products
The Jerusalem Post
Under the direction of the FCA, existing payday lenders are moving away from the traditional 14 and 30-day product to more payday loans alternatives. This reflects on more long term finance products from around 3 to 24 months – which gives the customer ...

Community Groups Urge Nevadans to Learn Risks of Payday Loans - Public News Service


Public News Service

Community Groups Urge Nevadans to Learn Risks of Payday Loans
Public News Service
Short-term, high-interest, payday lending is prohibited in several states - and many states that do allow these loans put limits on the amount of interest that can build up on them. But that isn't the case in Nevada. In the absence of those regulations ...

More banks are trying to get a piece of the payday loan pie - MarketWatch


More banks are trying to get a piece of the payday loan pie
MarketWatch
The answer for many in recent years has been payday lenders, and more recently, online companies have gotten in on the act. More banks are moving in that direction. U.S. Bank, a division of U.S. Bancorp USB, +1.42% this week announced “Simple Loan,” ...

and more »

Payday Lenders Ask for Injunction to Delay Payday Lending Rule - Credit Union Times


Credit Union Times

Payday Lenders Ask for Injunction to Delay Payday Lending Rule
Credit Union Times
“By any estimate, the Final Rule will dramatically reduce the supply of credit by prohibiting most of the payday loans that are currently made,” the association said. “This in turn will make payday lending so unprofitable that it will virtually ...
Trade Groups Seek Injunction On CFPB Payday Lending RuleLaw360
Payday lenders say they are suffering 'irreparable harm'ConsumerAffairs

all 5 news articles »

US Bank takes on payday lenders - Minnesota Public Radio News


The Spokesman-Review

US Bank takes on payday lenders
Minnesota Public Radio News
U.S. Bank is introducing a new loan program aimed at cash-strapped people who need to borrow several hundred dollars for a few months — and are willing to pay very high interest rates. Annualized interest rates for the three-month loans of up to $1 ...
US Bank to offer small-dollar loans to compete with payday lendersThe Spokesman-Review

all 6 news articles »

Man who led effort to shut down Arkansas payday lending stores calls US Bank's new loans 'very disturbing' - Arkansas Online


Man who led effort to shut down Arkansas payday lending stores calls US Bank's new loans 'very disturbing'
Arkansas Online
Minneapolis-based U.S. Bank last week began offering a small-dollar loan product called Simple Loan that charges interest rates ranging from more than 70 percent to almost 88 percent. With Simple Loan, U.S. Bank checking account customers who have ...

and more »

While Feds Loosen Payday Loan Regulations, Colorado Voters Could Clamp Down - Governing


Governing

While Feds Loosen Payday Loan Regulations, Colorado Voters Could Clamp Down
Governing
As the federal government walks back historic regulations on payday lending, Colorado voters this fall will be asked to tighten them -- a sign that strong consumer protections are increasingly being left to the states. Short-term loans, often called ...

and more »

As Wonga Collapses, Zuckerberg, Bezos & Gates Back A Fairer Alternative To Payday Loans - Forbes


Reuters

As Wonga Collapses, Zuckerberg, Bezos & Gates Back A Fairer Alternative To Payday Loans
Forbes
After months of difficulties, payday loans platform Wonga has gone into administration. The company, which provided loans with interest rates of up to 5800 per cent, crashed after it struggled to fund compensation for an increasing number of customer ...
Out of creditWonga's woes spell the end of the payday-loan eraThe Economist
Wonga collapse leaves Britain's other payday lenders in firing lineReuters

all 81 news articles »

Nevada can, and should, outlaw this industry - Nevada Current


Nevada Current

Nevada can, and should, outlaw this industry
Nevada Current
South Dakota is the most recent state to run off its payday loan industry. In 2016, 75 percent of South Dakota voters overwhelmingly approved a ballot initiative that capped total interest, fees and charges on loans at an annualized percentage rate ...

This RSS feed URL is deprecatedThis RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

This loan won't help your credit score, even if you stay on top of it - CNBC


CNBC

This loan won't help your credit score, even if you stay on top of it
CNBC
Paying down your debts on time can help your credit score in the long run. But not if you use this type of loan.

and more »

Fall of payday lenders gives rise to alternative products - The Jerusalem Post


The Jerusalem Post

Fall of payday lenders gives rise to alternative products
The Jerusalem Post
Under the direction of the FCA, existing payday lenders are moving away from the traditional 14 and 30-day product to more payday loans alternatives. This reflects on more long term finance products from around 3 to 24 months – which gives the customer ...

Community Groups Urge Nevadans to Learn Risks of Payday Loans - Public News Service


Public News Service

Community Groups Urge Nevadans to Learn Risks of Payday Loans
Public News Service
Short-term, high-interest, payday lending is prohibited in several states - and many states that do allow these loans put limits on the amount of interest that can build up on them. But that isn't the case in Nevada. In the absence of those regulations ...

More banks are trying to get a piece of the payday loan pie - MarketWatch


More banks are trying to get a piece of the payday loan pie
MarketWatch
The answer for many in recent years has been payday lenders, and more recently, online companies have gotten in on the act. More banks are moving in that direction. U.S. Bank, a division of U.S. Bancorp USB, +1.42% this week announced “Simple Loan,” ...

and more »

Payday Lenders Ask for Injunction to Delay Payday Lending Rule - Credit Union Times


Credit Union Times

Payday Lenders Ask for Injunction to Delay Payday Lending Rule
Credit Union Times
“By any estimate, the Final Rule will dramatically reduce the supply of credit by prohibiting most of the payday loans that are currently made,” the association said. “This in turn will make payday lending so unprofitable that it will virtually ...
Trade Groups Seek Injunction On CFPB Payday Lending RuleLaw360
Payday lenders say they are suffering 'irreparable harm'ConsumerAffairs

all 5 news articles »

US Bank takes on payday lenders - Minnesota Public Radio News


The Spokesman-Review

US Bank takes on payday lenders
Minnesota Public Radio News
U.S. Bank is introducing a new loan program aimed at cash-strapped people who need to borrow several hundred dollars for a few months — and are willing to pay very high interest rates. Annualized interest rates for the three-month loans of up to $1 ...
US Bank to offer small-dollar loans to compete with payday lendersThe Spokesman-Review

all 6 news articles »

Man who led effort to shut down Arkansas payday lending stores calls US Bank's new loans 'very disturbing' - Arkansas Online


Man who led effort to shut down Arkansas payday lending stores calls US Bank's new loans 'very disturbing'
Arkansas Online
Minneapolis-based U.S. Bank last week began offering a small-dollar loan product called Simple Loan that charges interest rates ranging from more than 70 percent to almost 88 percent. With Simple Loan, U.S. Bank checking account customers who have ...

and more »

While Feds Loosen Payday Loan Regulations, Colorado Voters Could Clamp Down - Governing


Governing

While Feds Loosen Payday Loan Regulations, Colorado Voters Could Clamp Down
Governing
As the federal government walks back historic regulations on payday lending, Colorado voters this fall will be asked to tighten them -- a sign that strong consumer protections are increasingly being left to the states. Short-term loans, often called ...

and more »

As Wonga Collapses, Zuckerberg, Bezos & Gates Back A Fairer Alternative To Payday Loans - Forbes


Reuters

As Wonga Collapses, Zuckerberg, Bezos & Gates Back A Fairer Alternative To Payday Loans
Forbes
After months of difficulties, payday loans platform Wonga has gone into administration. The company, which provided loans with interest rates of up to 5800 per cent, crashed after it struggled to fund compensation for an increasing number of customer ...
Out of creditWonga's woes spell the end of the payday-loan eraThe Economist
Wonga collapse leaves Britain's other payday lenders in firing lineReuters

all 81 news articles »

Nevada can, and should, outlaw this industry - Nevada Current


Nevada Current

Nevada can, and should, outlaw this industry
Nevada Current
South Dakota is the most recent state to run off its payday loan industry. In 2016, 75 percent of South Dakota voters overwhelmingly approved a ballot initiative that capped total interest, fees and charges on loans at an annualized percentage rate ...