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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Short term lending is far from its last breath

Jan 21, 2011 Todd Milner

Though the government seems to be fighting to close down the short term loan industry, lenders are determined to continue providing consumers with nontraditional credit.According to The Motley Fool, even the Consumer Financial Protection Bureau


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FDNY hires collection agency

Jan 21, 2011 Kyle Duncan

The Fire Department of New York City will try to get back some of the money it is owed from unpaid ambulance fees by selling the debt to a debt collection agency.The New York Daily News reports that the FDNY is seeking to recover some of the


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