France's backing of ailed bank may prove costly

Oct 17, 2011 Todd Milner

France's backing of ailed bank may prove costly

The government of France is scurrying to protect its pristine AAA credit rating following a move to nationalize Franco-Belgian bank Dexia - a move that may cost Europe's second-largest economy billions of euros.While the rescue of the struggling


Read More

Louisiana short term lenders create competition, better business environment

Oct 17, 2011 Todd Milner

The state of Louisiana has one of the nation's highest concentrations of short term lenders, WDSU-TV reports. According to the Louisiana Budget Project, the short term lending, cash checking and pawn shop industries have doubled in the state in


Read More

Man receives prison threat over bounced short term loan check

Oct 17, 2011 Todd Milner

It is illegal for a debt collector to use threatening tactics such as falsely implying that a debtor has committed a crime or that he or she may face jail time.However, according to KION-TV, that's exactly what happened to a Santa Cruz,


Read More

Bennett bill would raise short term loan ceilings

Oct 17, 2011 Todd Milner

Bradenton, Florida, Senator Mike Bennett has sponsored a bill that may negatively affect Floridians who attempt to take out short term loans - only he doesn't know it yet, the Bradenton Herald reports.Bennett told the news source that one of


Read More

Lawsuit: Banking giants charged veterans illegal fees

Oct 16, 2011 Todd Milner

Lawsuit: Banking giants charged veterans illegal fees

Some of the most well-known financial institutions in the world are in hot water after being accused of illegally charging fees to military veterans.Bloomberg reports JPMorgan Chase, Wells Fargo and 13 other banks have been accused by a whistleblower


Read More