Tag Archives: payday lending

The People Are Speaking: Reform Payday Lending!


A recent set of reports from the well-known Pew Charitable Trusts indicates Americans have growing concerns about the payday lending industry and its uprightness (if that is even a word).  In essence, there is a desire for reform and further regulation of payday lending.  Nobody can really deny that payday lending fulfills a void in …

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Payday Lenders…Google Me Not!


Google has tremendous power in driving internet commerce and it has taken the opportunity to use this power in what should be a positive manner for consumers.  Beginning July 13th 2016 Google will no longer continue, post, or allow advertisements for payday lenders who offer loans “..are due within 60 days, along with ads for …

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Serving Those Who Serve(d) Us


Our military risk their lives and livelihoods to protect the freedoms that we enjoy across the United States of America and its possessions and territories in addition to defending thousands of persons around the globe.  It is always disappointing to see military and their personnel be scammed and

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The (Western) Sky is Falling! Good News Story..


In the ongoing fight against rogue payday lending, the good guys and girls won one recently.  The North Carolina Business Court has prevented nationally known online payday lender Western Sky Financial LLC and several affiliated entities from doing business in North Carolina.  This victory is part of an ongoing legal battle being waged by

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The Feds are Coming! The Feds are Coming (for Payday Lending)!


The Consumer Financial Protection Bureau is in the rulemaking process as the payday lending industry continues to rake in scores and scores of dollars in fees and interest at the expense of consumers.  Payday lending has managed to escape the grasp of the law in several states and the time has come to level the playing …

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Servicemembers Complain About Consumer Problems


Recently the Consumer Financial Protection Bureau, a key watchdog agency of the consumer marketplace in the United States, released a report on the complaints it has received from members of the United States armed services since the Bureau began accepting consumer complaints in July 2011.  This report is interesting reading especially for those who doubt that our …

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Mayday for Payday [Lenders in North Carolina]!


The battle continues….North Carolina consumers are being taken advantage of by unscrupulous payday lenders but the good guys and girls are fighting back.  North Carolina Attorney General Roy Cooper has announced the filing of a lawsuit against a large national payday lender, Western Sky.  The lawsuit alleges Western Sky, which provides online payday loans, charges interest …

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Payday Lending: Money Traps for our Military


Don’t our military servicemen and servicewomen have enough to worry about—missing their families and providing for them, protecting their own lives, carrying out their missions with precision—without dealing with never-ending loan payments and harassing debt collectors?  The New York Times recently ran an article on the plague of payday lenders targeting military personnel for payday loans.  Click …

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A Cap that Consumers Would Love to Wear


Politics can be confusing and frustrating for many.  In order for laws to be passed there must be discussion, negotiation, politicking, and the like.  The process of how a bill becomes a law in Washington (for those of you who remember Schoolhouse Rock click here for a quick and familiar recap) can be long and …

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Payday Lending: A Bag of Money and A Bigger Bag of Trouble


You need money…you need it fast……and you can’t get it from a bank.  You’re sitting at home watching tv and suddenly the answer appears:  a payday loan!  The money you need with minimal questions or delay.  And your credit is a virtual non-issue.  Great!  So you reach for the phone or computer to sign up.  STOP!  …

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