Industry News
AAA Payday Cash Opens New Location
A Closer Look at Payday Loan Rates
AAA Payday Cash Celebrates Its Accelerating Online Expansion
Payday Loans: Not Just for Emergencies Anymore
Online Payday Loans are an Attractive Alternative to Brick and ...
PR Leap (press release) - Chula Vista,CA,USA
... However, many people use payday loans and have to answer the question: "should I get my payday loan online or in person?" In most cases an online payday ...
What is Payday Advance by COMMUNITY FINANCIAL SERVICES ASSOCIATION OF AMERICA
The Deferred presentment industry, also known as Payday Advance, cash advance or Payday loans, represent one of the fastest growing segments of the consumer finance industry.
Consumer Information by COMMUNITY FINANCIAL SERVICES ASSOCIATION OF AMERICA
Payday Advance provides a small, unsecured, short-term cash advance until payday. Customers choose Payday Advance to cover small expenses and avoid costly bounced-check fees or late payment penalties and other less desirable short-term credit options.
Need Quick Cash? By Charles Gerena Federal Reserve Bank of Richmond
Payday loans provide short-term relief for people in financial distress. But policymakers are grappling with the long-term headaches that these loans can cause.
No Cash 'til Payday: The Payday Lending Industry by Robert W. Snarr, Jr., Supervising Examiner Federal Reserve Bank of Philadelphia
Payday lending has grown rapidly throughout most of the nation since 1990 amid substantial concerns raised by consumerists, legislators, government officials, and regulators. Over the past few years, some commercial banks have partnered with large Payday loan companies or check cashing outlets to fund Payday loans originated through such entities.
Preserving Financial Freedom for Taxpayers NTU Issue Brief 126 by Al Cors, Jr. Aug 14, 2001
Each year, as taxpayers face the dreaded "tax day" filing deadline to send their tax returns (and the amount they owe) to the Internal Revenue Service, they use every financial option at their disposal to help them meet that deadline. Just as on other occasions when working men and women have cash-flow problems, one of the tools they use to deal with a short-term money shortage is the widely popular "Payday loan".
Banks Encourage Overdrafts, Reaping Profit By ALEX BERENSON The New York Times January 22, 2003, Wednesday, Late Edition - Final
At least 1,000 banks are encouraging customers with low balances to overdraw their checking accounts, allowing the banks to skirt credit laws and collect billions of dollars in new fees. The banks' programs cover checks that would otherwise bounce and even allow people to overdraw their accounts with A.T.M. and debit cards. The fees are paid disproportionately by low- and moderate-income people, according to industry consultants who help banks create and market the programs.
Study: Most borrowers use payday loans for living expenses
KFOR-TV - Oklahoma City,OK,USA
BY JANICE FRANCIS-SMITH. OKLAHOMA CITY -- The people in the advertisements for payday loans are always smiling. They have had a ...
County Bank announces plan to end payday loans
Cape Gazette - Lewes,DE,USA
By Kevin Spence. County Bank, a community bank based in Rehoboth Beach, is ending its payday loans. Bank President Harold Slatcher ...
County Bank cuts 'payday' ties; High-interest loans had long been under fire
A Surprising Contrarian in Payday Trend
Payday Loan Pages: Understanding Cash Advance And Payday Loan ...
Eworldwire (press release) - Succasunna,NJ,USA
... In the last couple of years, payday loans and cash advances has become a multi billion dollar industry and keeps growing at an enormous pace. ...
ACE Cash Express Reports Fiscal 2006 First Quarter Results
Yahoo! News (press release) - USA
... and include a requirement that such banks develop procedures to ensure that a payday loan is not provided to any customer with payday loans outstanding from ...
Payday Loan and Cash Advances Services; Friend or Foe?
Emediawire (press release) - Ferndale,WA,USA
... When it comes to Payday Loans and Cash Advances, just like any other financial service, understanding your options and educating yourself is always the most ...
Fast-loan earnings revealed
Cincinnati Enquirer - Cincinnati,OH,USA
... books for the first time Wednesday. It revealed just how much money it earns from making short-term loans known as payday loans. ...
QC Holdings will close N.C. stores, take $2.5M charge
Popular, Inc. Agrees to Sell Check Cashing Operation to ACE Cash Express, Inc.
Advance America Announces 15.2% Increase in 2nd Quarter Total Revenue
ACE Cash Express Reports Fiscal 2005 Results; Record Revenue, Net Income and Earnings Per Share
First Cash Announces Plans to Complete Transition to Credit Services Product in Texas Markets
Attorney general to limit short-term loans
KOB-TV - Albuquerque,NM,USA
... That means payday loans, which must be repaid within 14 to 30 days, would be no more. ... Other loans, like payday loans, require a paycheck or other security. ...
Payday lender halts loans
News & Observer - Raleigh,NC,USA
The company said late Wednesday it will stop making payday loans at its 117 outlets in North Carolina at the close of business today. ...