Fort Worth Council passes new regulations for payday loans. Payday loan lenders downplay impact of payday loan regulations Calls for online lending regulation Fort Worth Council has taken a firm stance against high-interest payday loans. On a Split Vote, the City Council has passed a set of regulations. For the longest time, Fort Worth was […]
Tag: USA
Customers Shun New Cars For Used Cars Thanks To Car Finance
The upsurge in car finance demand for used cars Car finance costs on the rise New cars lease on the rise Demand for used cars continues to hit record highs in the U.S. Amidst the unexpected increase, prices for second-hand cars have also started to tick higher. The growth is forcing consumers across the U.S […]
Brutal Arrests Over Payday Loans On The Rise In Utah
Utah booming payday loan industry Influx of payday and title loans providers Payday lenders lobby regulators to shun interest rate caps Arrests Over Payday Loans On The Rise In Utah Payday loans might not be a lifesaver but a source of pressure or cause of arrest. That is the harsh reality that residents in Utah […]
Quicken Loans Could Hit $140 Billion Mortgage Originations
Quicken Loans indicates that it’s on track to reach $140 billion originations in home loans The firm benefitted from a surge in the refinancing of mortgages following the drop in 30-year mortgage fixed rate Quicken Loans in a highly competitive industry and command only 5.7% of market share Detroit-based Mortgage CompanyQuicken Loans has indicated that […]
US Payday Lenders Avoid Interest Caps Through Rent-A-Bank Scheme
Payday loans lenders are facing increasing regulatory scrutiny but have found ways to circumvent regulations Florida online payday loans interest capped between 18% and 30% for installment loans OppLoans and Elevate charging borrowers interest rates of between 99% to 160% Payday loans lenders have been under increased scrutiny for selling consumers expensive loans that they […]
PeerStreet Marketplace Hits $3 Billion In Loans
PeerStreet showing rapid growth and it has hit $3 billion in loans since 2015 Peerstreet secures $60 million funding and announces $4.25 billion new capital commitments Growth attributed to technology and product innovation PeerStreet has continued to show its meteoric growth with the number of loans transaction on its platform increases. As of last month, […]
PayPal Acquire Money-Saving Platform Honey For $4 Billion
PayPal has agreed to acquire deal-finding platform Honey for $4 billion PayPal to integrate the money-saving service to its product line and Venmo making it available for its 24 million merchant partners Honey helps online shopping customers find the best promo codes that can save some money Money transfer service company PayPal has always been […]
Macy’s Hacked and Customer Credit Card Information Stolen
Hackers steal credit card information of Macy’s Customers Macy’s indicates it has completed an investigation on the breach and it will offer free credit monitoring for customers for a whole year The proliferation of credit card attacks a concern especially this holiday season Macy’s has experienced a data breach involving several credit cards for the […]
Payday Loan Lender Non-Standard Finance Issues Profit Warning
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Federal Legislation To Cap Payday Loans Interest Rates At 36%
Five legislators to bring a bill to the House that will cap payday loans interest rates at 36% Congress wants to expand the Military Act that caps interest rates to all American consumers Payday lenders oppose proposal saying that such a move will limit several Americans from accessing credit Payday Loans are prevalent among Americans […]