Short term financing boosts local economies

Oct 12, 2011 Todd Milner

Short term financing boosts local economies

When it comes to getting a construction project off the ground, many developers find it necessary to get access to short term financing and other loans in order to fund the operations. As the economy struggles to get back on its feet, some


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Wisconsin Supreme Court to rule on short term loan case

Oct 08, 2011 Todd Milner

The highest court in Wisconsin will soon decide whether or not it is legal for a judge to force short term loan providers in the state to lower interest rates when the circumstances dictate.WSAU reports that the Wisconsin Supreme Court will hear


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Lawmakers in Illinois weigh short term loan industry

Oct 07, 2011 Todd Milner

Aldermen in Bloomington, Illinois, are discussing whether or not to cap interest rates on short term loans, weighing the pros and cons of each potential decision, WJBC reported."The question has been posed to (the city’s attorney), and


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Newark to receive $32 million short-term loan

Oct 05, 2011 Todd Milner

The city of Newark, New Jersey, will receive a $32 million short-term loan from state agencies to help plug a $57 million budget shortfall caused in large part by rising healthcare and pension costs. The spending gap also reflects ongoing fiscal


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FICO: Consumer credit conditions to worsen in coming months

Oct 05, 2011 Todd Milner

Bankers and risk management professionals are increasingly wary of consumer credit, as uncertain economic conditions continue to rack market confidence.A survey released this week by ratings agency FICO found bankers expect delinquencies on


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