Payday Loans On Line

Payday Loans Reform : ZestCash by Ex CIO Merrill Helps Americans

Did you know that high interest loans, like payday loans are typically doing more harm than good for American Borrowers? Many of these loans have annual percentage rates equivalent to 350% ! Low income families who don’t meet requirements for …

Consumer Protection Bureau Takes On Payday Loans

The recently created Consumer Financial Protection Bureau went on the road to hold its first public hearing. The bureau traveled to Birmingham, Ala., to talk about payday lenders. In Alabama, there are four times as many store-front payday businesses than there are McDonalds.

Richard Cordray, CFPB Chief, Promises New Scrutiny Of Banks That Make Payday Loans

Picking his first public fight with the banking industry, Washington's top consumer cop, Richard Cordray, promised on Thursday that his examiners will scrutinize a handful of big banks that make high-cost loans. Inspection of major financial institutions will be part of a broader review of payday lenders, he said at a public hearing organized by the Consumer Financial Protection Bureau in ...

Refund anticipation loans coming to an end

After years of bilking consumer tax refunds through refund anticipation loans fees, tax preparers are finally closing them down

Consumer Bureau: Will Take Immediate Steps To End Illegal Payday Loan Practices

The federal government will be giving payday loans "much more attention," Richard Cordray, head of the new Consumer Financial Protection Bureau, said Thursday during the agency's first field hearing.

ZestCash Closes $73 Million in Funding

ZestCash, a startup that aims to disrupt the "payday" loans market with new search and data analysis techniques for underwriting, has closed a US$73 million...

Former Google CIO Raises $73 Million To Reform Payday Loans With Data-Driven Startup ZestCash

ZestCash, a company founded by former Google CIO and VP of engineering Douglas Merrill to legitimize the payday loan industry, has raised $73 million round of funding. The company raised $23 million in an equity round led by Matrix Partners. Existing investors Lightspeed Venture Partners, GRP Partners, Flybridge Capital Partners, and Lighthouse Capital Partners also fully participated in the ...