Scam tells consumers they owe for short term loans

Jan 24, 2011 Brian Bradley

Short term lenders and consumers should beware. A new scam has emerged that is preying on the short term loan industry.According to KIRO-TV in Washington, a new telephone collection scam is causing problems for some members of the community.A Federal


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New chief could be named for CFPB

Jan 24, 2011 Brian Bradley

The Consumer Financial Protection Bureau is still without an agency chief six months after Congress created it, reports The New York Times. The organization was formed to better regulate the lending industry.Americans for Financial Reform,


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Loan limits still undefined

Jan 24, 2011 Todd Milner

After voting to restrict short term loans eight months ago, Wisconsin has yet to agree on who is covered by the law, which has left a few doors open to allow lenders to escape regulations, reports the Milwaukee-Wisconsin Journal Sentinel.To combat


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Kentucky to debate limiting short term loan rates

Jan 24, 2011 Todd Milner

Kentucky is the latest in a line of states that has or will debate putting caps on interest rates for short term loans. This week, the Kentucky legislature will discuss whether or not to put a 36 percent limit on interest rates. The bill has received


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Washington State able to regain lost funds from fraudsters

Jan 21, 2011 Kyle Duncan

The Department of Labor and Industries' Fraud Prevention and Compliance Program in Washington was able to take in $137.4 million in 2010, according to a recently released report.The annual report from the government agency, titled Targeting


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