Short term lending still alive

Jan 31, 2011 Todd Milner

Although congressional scrutiny is rising, short term lenders are still fighting for the survival of their industry. For several reasons, the industry's plight may not be as dire as it seems, reports Nasdaq.The Consumer Financial Protection


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Support grows in Iowa for short term loan reform

Jan 31, 2011 Todd Milner

Many states are currently taking action or have already passed laws regulating the short term loan industry, and it looks like Iowa will soon join them.According to Iowa Politics, a new poll has revealed that 69 percent of the state's residents


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Balance must be found in short term lending bill

Jan 31, 2011 Todd Milner

Balance must be found as Mississippi crafts its short term lending bill, according to the Northeast Mississippi Daily Journal.In the eyes of some consumer groups and religious organizations, short term loans are seen in a negative light. The groups


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New credit system gives alternative rating

Jan 31, 2011 Brian Bradley

Consumers have long paid close attention to their numerical credit scores. Whether 500, 600, 700 or above, the three-digit number has represented the borrowing and buying power of millions of consumers. Now, there is a new credit rating that


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Credit card debt still exceeds nine figures in many states

Jan 31, 2011 Brian Bradley

Indicators show that the national economy is improving, but one pivotal metric of consumer worth remains at frightening levels - credit card debt. According to new data from Equifax, Americans are still saddled with so much credit card debt


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