As long as you are over the age of 18, you can qualify for a credit card. The challenge is obtaining that first card when you have little or no credit to back up your application. If you are a college … Continue reading
The Consumer Financial Protection Bureau has turned its attention to payday and deposit advance loans. It issued a new report that finds these products lead to a cycle of indebtedness. Not surprising, it found that loose lending standards, high costs … Continue reading
Consumers are once again paying more in overdraft fees despite regulations designed to protect them from these charges. Last year, consumers paid $32 billion in overdraft fees, a $400 million jump from 2011 according to a recent study by Moebs … Continue reading
Millions of American households will soon receive tax refunds. According to the IRS, the average tax refund last year was nearly $2800. It will be tempting to use the refund to buy some big-ticket items on your wish list or … Continue reading
JPMorgan Chase announced that it will take action to protect its customers from payday lenders. Account holders will now have more power to stop withdrawals and close their accounts. Chase will limit fees that it charges customers for withdrawals from payday lenders due … Continue reading
Many people facing financial trouble turn to payday loans, believing their problems may be alleviated. But new research indicates these loans are creating more headaches for already-troubled consumers. A new report from The Pew Charitable Trusts show that 12 million Americans … Continue reading
Battle Plan Shifts on Dodd-Frank President Barack Obama's victory means the 2010 Dodd-Frank law will stand. But the finance industry could still cut some parts of the law because changes now are politically less risky for the administration and Democrats in … Continue reading
More Internet start-ups are entering the payday loan market, offering lending alternatives to consumers with little or no credit. LendUp.com, a San Francisco-based company funded by a group of venture capital angels and firms, starts operations today making small-dollar loans of up to $250 for … Continue reading