A victory for consumers in need of short term loans was partially had this week in Missouri. The Missouri House approved new legislation this Tuesday covering rights and restrictions for short term, unsecured loans such as payday loans. The current caps for loans previous to this new bill would allow lenders to charge $75 per…
With the budget being taking apart piece by piece to lower the deficit many social programs are being put under the knife, student loans are no exception. Federal Aid programs such as Pell grants are being targeted for $5.7 billion in cuts. With over 9 million middle and low income households sending kids to college,…
In San Diego this week a new study was release on the target consumers and average effects of payday loans. Its results contradict previous statements by consumer watchdog groups and politicians that suggest payday lenders target low income or immigrant consumers, the unemployed, or the elderly. The report points out that more then 19 million…
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