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Businesswoman defrauds state of Maine

Dec 30, 2010 Brian Bradley

Businesswoman defrauds state of Maine

A business owner from Maine recently plead guilty to defrauding the state out of $4 million.The Lewiston Sun Journal reports that Dawn Cummings Solomon admitted to stealing the money from MaineCare by over-billing for hours and expenses. Solomon's


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Mississippi nonprofit wants payday lenders strictly regulated

Dec 30, 2010 Todd Milner

The Mississippi Center for Justice - a nonprofit, public advocacy group - is calling on state officials to renew stricter oversight guidelines for payday lenders. The nontraditional credit source provides cash upfront to its clients, but those


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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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