FDIC proposes $2 million fine over Kentucky bank's short-term loan practices

May 12, 2011 Todd Milner

The Federal Deposit Insurance Corporation is fining Republic Bank & Trust Company $2 million over its tax refund loan business, according to the Louisville Courier-Journal.For the past 16 years, Republic has made short-term loans of $1,500


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Hollywood Video's debt collection tactics halted by settlement

May 12, 2011 Kyle Duncan

Hollywood Video's debt collection tactics halted by settlement

After Movie Gallery, the parent company of movie and video game rental chain Hollywood Video, filed for bankruptcy in 2010, it created a liquidating trust in order to collect approximately $244 million in outstanding debts owed by more than


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Potential employers may conduct credit checks but cannot see applicants' scores

May 11, 2011 Matt Roesly

Potential employers may conduct credit checks but cannot see applicants' scores

Throughout recruitment, agencies and employers often conduct a variety of checks as part of the background screening process when hiring a new employee or considering a candidate for a new position within a company. These pre-employment screenings


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New bureau will affect debt collectors

May 11, 2011 Kyle Duncan

New bureau will affect debt collectors

Thanks to a newly created Consumer Financial Protection Bureau, debt collection agencies will be under an increased level of scrutiny compared to previous years. The federal watchdog agency, which was established by a law passed last year,


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New law cracks down on tenant screening fees

May 11, 2011 Matt Roesly

An ordinance was passed last week in California that requires property owners and landlords to comply with state screening fee procedures, according to The Daily Californian.The news source notes that under California law, property owners can


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