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U.S. banks relax standards for online payday loans
The pandemic and the lockdowns that followed slowed economic developments in many countries around the world. The United States has not become an exception. The national government is currently facing a surplus. Meanwhile, average people…
NCUA Enables Service Organizations to Make Auto and Payday Loans | Journal of Credit Unions
The Board of Directors of the National Credit Union approved a final rule which will allow credit union service organizations to enter into any type of loan authorized for federal credit unions.Currently, CUSOs - businesses that belong to…
Payday Loans Now Available For Pandemic Prepared Businesses – Film Daily
It has been a difficult month for many Americans, with the pandemic sweeping the country. And while it seems that payday loans are no longer an option for those who need quick cash, what about other forms of credit? The…
LETTER TO THE EDITOR: A Faithful Response to Payday Loans
Payday loans are low amount loans due on the borrower's next payday. In Minnesota, the 2020 Minnesota Department of Commerce report showed the average payday loan amount is $ 380, and the cost of borrowing…
Consumer Reports: Alternatives to Payday Loans If You Are Having Difficulty Making Ends Meet | WWTI
Posted: Sep 21, 2021 / 8:05 AM EDT / Update: Sep 21, 2021 / 8:05 AM EDT CONSUMPTION REPORTS - If you're struggling to pay your bills, you might want to!-->…
This Week in the Ninth: PowerPoints and Payday Loans | Morrison & Foerster LLP – Left…
This week, the court is relaunching an ERISA claim and forcing arbitration of a dispute over Internet tribal payday loans.WARMENHOVEN v. NETAPP, INC.The Court found that the PowerPoint presentations did not constitute plan documents…
How Regulation Could Change Payday Loan Interest In 2021
What could change in the online payday loan policy in the United States in 2021When you need credit, it's easy to fall victim to bad loans. Applying for online payday loans is one of the easiest solutions you can take when you…
Payday lenders are licking their chops in anticipation of another loan increase
AUBURN, Calif .-- (COMMERCIAL THREAD) - As pandemic unemployment benefits expire and moratoriums on evictions, car foreclosures and collection of student loans and other financial obligations rise, payday lenders eagerly anticipate…
Program seeks to bankrupt payday lenders
People struggling to make ends meet will have a fairer alternative to payday loans thanks to a new partnership announced this week between the Memphis Black Clergy Collaboration and Hope Credit Union.The "Borrow and Save"…
Payday lenders prepare for less risky post-pandemic borrowing
Payday lenders who have become unwitting victims of the pandemic are anxiously awaiting the end of most government assistance programs, but those who follow the industry say some high-cost loans may never fully bounce back.The passage by…