Wisconsin short term loan legislation not air tight

Nov 05, 2011 Todd Milner

Former Wisconsin governor Jim Doyle attempted to put an end to predatory short term lending this past January by passing Wisconsin Act 405, the Fond du Lac Reporter notes. In a letter to state senators, Doyle wrote that the bill protects consumers


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More than three-quarters of young adults delaying major life change because of economy

Nov 04, 2011 Todd Milner

More than three-quarters of young adults delaying major life change because of economy

Last week, the New York Federal Reserve reported student debt now outweighs total credit card dues in the U.S. That was a sobering report on the state of the U.S. credit market, which has been fairly unbalanced since the recession began. While


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Investment in business equipment surged in September

Nov 01, 2011 Todd Milner

Companies may be investing in new expansion efforts, as a new report shows an increase in equipment financing and improvements in businesses' handling of existing debts.According to the Equipment Leasing and Finance Association, U.S. firms


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Short term loan companies thriving in down economy

Nov 01, 2011 Todd Milner

Short term loan companies thriving in down economy

Short term loan stores, while illegal in many states, still conduct a bountiful amount of business as the economic downward shift has left more people unbanked or underbanked.Len Gordon of the Federal Trade Commission cautions potential short term


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Credit unions vie for underbanked's attention

Oct 25, 2011 Todd Milner

Credit unions vie for underbanked's attention

According to the Federal Deposit Insurance Corporation, around 60 million Americans were unbanked or underbanked in 2009, Reuters reports. Due to stricter banking policies that cut into banks' revenue, that number has likely increased in


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