Payday loan alternative, Promises faster payment, No fees

Payday lenders can often be compared to loan-sharking. Critics believe these lenders exploit those who are so desperate for cash fast that they end up taking out loans that have absurdly high interest rate. Pew Charitable Trusts 2012 research has shown that the typical payday loan borrower takes out eight small-term loans …

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Payday loan company ALEC gets reprieve under Trump administration

American Legislative Exchange Council (ALEC) member companies are profiting from the Trump administration’s deregulation frenzy. The CAFTA is of course the corporate invoice mill that provides a library of lobbyist-drafted or approved “model legislation” to lawmakers in right-wing states across the country. Advance America is the largest payday loan lender …

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Payday loans target those without cash

Maybe it’s time to admit daddy knew best. After talking to both sides about the payday loan rules battle, I can’t help but go back to my father’s regulatory regime. Two words dictated his approach to managing his finances: “Pay cash”. No one, not even the Consumer Financial Protection Bureau, …

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