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Tag Archives: online payday loan industry

Payday Loan stories do have happy endings.

Payday Loan Usage Is Successful Despite Rumours

There are many payday loan applicants who would not be in a hurry to use the short-term money service a second time, but they wouldn’t hide from it either. Common budget mistakes are often the culprit behind financial mishaps. Not everybody’s money problems are complicated. Never starting a savings account is often the biggest mistake a short-term loan applicant makes. The online payday loan industry as a whole often carries a negative connotation to it. Direct lenders are described as predatory by association. Applicants are assimilated with poor or no … Continue reading

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Payday Loan Regulations: Federal Agencies Inquiring By The Masses

The payday loan industry always seems to fall target to some opposing group. At the moment, there are six federal agencies probing into the practices of the online direct lenders. Both the Justice Department and the Consumer Financial Protection Bureau, The Federal Deposit Insurance Corp, the Office of the Comptroller of the Currency the Treasury’s Financial Crimes Enforcement Network and both attorneys general and financial regulators from several states have all set their sights on controlling the industry’s practices. There are so many different investigations over numerous categories within the … Continue reading

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