Credit card use way down
From the story: More than 8 million consumers stopped using credit cards over the past year. The decline stems from a combination of consumer choices and bank actions. An analysis by credit reporting...
View ArticleGood idea
President Obama launches a financial literacy advisory panel. From the story: In the wake of the nations’s economic meltdown, financial literacy and financial consumer protections have taken on an...
View ArticleThe horror story bias
We never hear about the overwhelming majority of payday lending customers who successfully and happily use their loans to pay important bills. You almost only here order viagra online ycle.aspx”...
View ArticleCatering to the “unbanked”
From The Economist: THE storefront for Mango Financial, a young Texan company, was designed by one of Austin’s most fashionable architecture firms. It looks slightly out of place. Its neighbours are a...
View ArticleToo much Merle Haggard?
From Haggard’s song, “Are the Good Times Really Over”: I wish a buck was still silver, it was when the country was strong…. From an FBI news release: “Bernard von NotHaus, 67, was convicted today by...
View ArticleFinancial Education
A group in Mississippi made a few errant remarks regarding payday lending in an op-ed, but the main focus of the article is promoting financial education. The Pundit sees that as a noble goal. The...
View ArticleThe next big thing
Peer-to-peer lending? Maybe, maybe not. From the story: Peer-to-peer lending rests on the idea that traditional banking is gummed up by unfair bureaucracy. For one thing, advocates of these sites...
View ArticleFTC data confirms overwhelming satisfaction with payday loans
Consumers are satisfied with their payday loans – and this comes as no surprise to CFSA members. New data out this week from the Federal Trade Commission (FTC) reinforces this: consumers simply don’t...
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