Small Payday Loans

Consumer watchdog targets payday loans

Payday loans. Everybody's doing it, even banks. So much so that the new consumer watchdog wants to take a close look at them to make sure they comply with federal law.

KC group creates alternative to payday loans

KANSAS CITY, Mo. — A nonprofit group comprised of Kansas City churches, bankers, lawyers and nonprofit agencies has begun offering an alternative to the payday loan industry for people who need a small amount of quick cash.

Kansas City group creates alternative to payday loans

KANSAS CITY — A nonprofit group comprised of Kansas City churches, bankers, lawyers and nonprofit agencies has begun offering an alternative to the payday loan industry for people who need a small amount of quick cash. The group, called Fair Community Credit, this month issued what it hopes will be the first of 500 loans in its first year of business. The loans will generally range from $300 to ...

An Alternative to Payday Loans

My colleague Tom Gallagher kindly sent me a link to an article he penned a few years ago about an alternative to payday loans: microcredit. I once visited a microcredit operation in Tula, Mexico, where mostly women found the necessary financial backing to start small businesses.

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 …

Clergy working to help desperate avoid borrowing trouble through payday loans

When Phil Snider began to hear from church members about their struggles to pay off small "payday loans," he decided he wanted to know more about the issue.

Payday loan practices 'unlikely to improve under new rules'

Consumer rights campaigners say more action is needed to stop consumers racking up huge debts Rules to improve lending practices by payday loan companies are unlikely to offer greater protection for customers in the near future, consumer rights campaigners have warned. An updated code of practice announced by the Finance and Leasing Association (FLA) includes limiting the number of times a ...