Online lenders call for federal, not state, reform

Nov 13, 2013 Philip Burgess

Online lenders call for federal, not state, reform

Short term lending has become a major source of financing for millions of Americans. In fact, the practice has proven to be beneficial for a number of individuals that may not be eligible to obtain credit from traditional banking outlets. As


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Higher incomes could increase outlays

Nov 13, 2013 Quinn Thomas

With Americans seeing higher incomes in September, more people may be inclined to increase expenditures in the coming months. Personal income jumped 0.5 percent in September, according to the U.S. Department of Commerce. "Consumers are doing


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Stabilizing jobs market could boost consumer spending

Nov 13, 2013 Quinn Thomas

Since the financial crisis, the jobs market has been up and down, but recent data shows it is headed in the right direction. With improved stability, consumers may be more comfortable increasing outlays this holiday season, which could lead


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Online lenders vilified despite support of legislation

Nov 12, 2013 Quinn Thomas

Inaccurate headlines outlining the dangers of online lending have dominated the news in recent months. In New York, financial regulators have attempted to clamp down on such practices, claiming that online lenders were conducting illegal operations,


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Current conditions favor increased consumer spending

Nov 12, 2013 Philip Burgess

The recent government shutdown hurt consumer confidence, but current conditions could lead to an increase in spending in the near future. As a result, short term lending demand might rise, as people put themselves in a position for financial


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