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Author Archive
SAFE Lending Act Filed to Stop End-Run Around State Law

SAFE Lending Act Filed to Stop End-Run Around State Law

Many online lenders think they are immune to state laws  - The Stopping Abuse and Fraud in Electronic Lending Act … Read more

Has Your Bank Account  Been Taken Over by Automatic Withdrawals?

Has Your Bank Account Been Taken Over by Automatic Withdrawals?

Find out what you need to do to take control of your bank account and be free from automatic debits, … Read more

Beware: Online Payday Loan Traps

Sep 12, 2012 6:00 PM EDT

By Gray Hall – bio | email

RICHMOND, VA (WWBT) -

Local consumer advocates … Read more

Virginia Becomes Hub for Risky Car Loans

By Fredrick Kunkle

Published: August 23, 2012

When Brenda Ann Covington needed money a few months ago, she had only one big
Read more

Online ‘Payday’ Lenders Seek U.S. Oversight to Avoid State Rules

By Carter Dougherty

Jul 24, 2012 (Bloomberg)

The Internet’s “don’t-call-us- payday” lenders are making a bid for more respect in … Read more

Nationwide Pew Survey Challenges Conventional Wisdom on Payday Loans

Washington, DC – 07/18/2012

Americans spend $7.4 billion per year on payday loans, including an average of $520 in interest … Read more

Capital One to Pay $20 Million in First CFPB Enforcement Case

By Carter Dougherty and Dakin Campbell

July 18 (Bloomberg)

Capital One Financial Corp. will pay a total of $210 million … Read more