New Mexico outlines debt collection rules

Dec 30, 2010 Kyle Duncan

New Mexico's debt collectors will soon have new guidelines to follow thanks to a rule enacted by the state's attorney general.Attorney General Gary King announced that the state would begin to enforce a rule that would require debt


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Auto industry financing in the bailout era

Dec 30, 2010 Brian Bradley

The auto industry bailouts in recent years have saved the long-suffering industry at a time when many car manufacturers were on the brink of collapse. And while employees and executives were relieved to get the added funding, there was another


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Businesswoman defrauds state of Maine

Dec 30, 2010 Brian Bradley

A business owner from Maine recently plead guilty to defrauding the state out of $4 million.The Lewiston Sun Journal reports that Dawn Cummings Solomon admitted to stealing the money from MaineCare by over-billing for hours and expenses. Solomon's


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Mississippi nonprofit wants short term lenders strictly regulated

Dec 30, 2010 Todd Milner

The Mississippi Center for Justice - a nonprofit, public advocacy group - is calling on state officials to renew stricter oversight guidelines for short term lenders. The nontraditional credit source provides cash upfront to its clients, but those


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Short term lending outlets axed in Montana

Dec 30, 2010 Todd Milner

Short term lending outlets and their nontraditional credit offers will soon be a thing of the past in Montana, thanks to a voter initiative that limits interest rates to 36 percent. The new measure begins on January 1 and already short term lenders


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