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Payday lending outlets axed in Montana

Dec 30, 2010 Todd Milner

Payday lending outlets and their nontraditional credit offers will soon be a thing of the past in Montana, thanks to a voter initiative that limits interest rates to 36 percent. The new measure begins on January 1 and already payday lenders


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TD Bank to buy Chrysler Financial

Dec 30, 2010 Brian Bradley

TD Bank announced last week that it will purchase Chrysler Financial for $6.3 billion - a significant move for auto industry financing. According to Reuters, the move will make the Toronto-based TD Bank one of the largest lenders in the United


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Small business lending picks up, credit improving

Dec 29, 2010 Matt Roesly

Lending to small businesses froze during the height of the recession, but new data from Chase indicates that credit issues have thawed and small business borrowing is back to a healthy level.The banking giant announced last week that it has


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Analysts push for better consumer credit decisions in 2011

Dec 29, 2010 Brian Bradley

The new year allows individuals to start anew in many ways. While that sentiment is much tougher when it comes to personal finances, analysts say 2011 should be the year when consumers try to finally get their debt under control.First, consumers


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Krispy Kreme facing business valuation crisis

Dec 29, 2010 Todd Milner

Krispy Kreme has long been known for making tasty treats, but to get out of its current financial shortcomings, the doughnut-making giant is in need of business valuation tools, which will get the company back on track after disappointing stock


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