Strict Interest Rate Cap Critical Issue In Payday Lending Reform Debate

A battle is brewing over payday lending in Ohio. There are more than 650 storefronts in the state but the industry argues that a new bill threatens to shut them all down. However, consumer advocates say payday lending has been skirting around state law for years to prey on desperate borrowers.
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NerdWallet offers financial tools and advice to help you understand your options and make the best possible decisions. The guidance we offer and information we provide are deeply researched, objective and independent. We spent over 400 hours reviewing the top mortgage lenders before selecting
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Amazon spent $13 million on lobbying 2017, a 15% increase from the previous year, according to data Fortune gathered from OpenSecrets.org. Amazon recently made changes to its roster of outside lobbying firm. The company ended its contract in March with Akin Gump Strauss Hauer & Feld LLP and
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Pittsburgh companies are on track to borrow more money via Small Business Administration-guaranteed loans this year than in 2017, as several local banks have stepped up activity, snapping the trend of domination by out-of-state and specialty lenders. Midway through the SBA's 2018 fiscal year, which
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The stock of ENERKON SOLAR INTERNATIONAL INC (OTCMKTS:ENKS) registered an increase of 84.21% in short interest. ENKS's total short interest was 17,500 shares in April as published by FINRA. Its up 84.21% from 9,500 shares, reported previously. With 147,000 shares average volume, it will
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Amazon has a new Alexa feature that will turn your Echo smart speakers into intercoms for your home. The online retail giant said Thursday that customers using its new Alexa Announcements feature will be able to broadcast messages from one Echo speaker to others they may own. It's sort of a
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The apex court also observed that bank officials were “hand-in-glove” with fraudsters and that scams do not happen because the culprits are unknown. The court made the observations after the Centre argued that Aadhaar would help curb ills like terrorism and banking frauds. It then asked the Centre
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U.S. filings for unemployment benefits rose more than expected last week to the highest in almost three months amid holidays that may have played a role in the increase, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week Ended March 31). Jobless claims increased by 24k
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Tiger Woods reacts on the second green during the first round of the 2018 Masters Tournament at Augusta National Golf Club on April 5, 2018 in Augusta, Georgia. Andrew Redington—Getty Images. By Aric Jenkins. 2:18 PM EDT. Despite chronic injury problems and a marriage-shattering scandal that
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Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.11, from 1.13 in 2017Q3. It improved, as 6 investors sold ICF International, Inc. shares while 53 reduced holdings. 26 funds opened positions while 47 raised stakes. 16.36 million shares or 1.19% less from 16.56 million shares in 2017Q3 were
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RIGA, April 5 (Xinhua) — The share of high-risk clients in the Latvian banking sector is quickly dropping, and by now, the percentage of shell companies among bank clients is down to 30 percent, Latvian Prime Minister Maris Kucinskis said on public radio Thursday. Latvian authorities are taking steps to
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According to PayNet, small business lending improved again in February, with the Thomason Reuters/PayNet Small Business Lending Index rising to 144.8, its second-highest reading in history and fifth consecutive monthly increase. The index is up 1.0% from January and up more than 12% over the
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In an uncertain economic climate or a declining or stagnant real estate market, the need to evaluate obsolescence in property assessments is obvious. But even in times of growth and rising real estate prices, taxpayers should consider functionality in reviewing an assessment. In Georgia, for example,
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Google has even increased the appeal of video by allowing them into search results pages. Through the use of social media channels like Facebook, Instagram, Snapchat, Periscope, and Twitter, the possibilities for your mortgage business are endless and for this reason it's worth incorporating live
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Bidding wars in Ontario real estate are an emotional issue and everyone in the market has heard stories of horror or triumphs against all odds. At the heart of all those stories is a core of uncertainty: did I pay too much? Did I sell for too little? Were those other bids real? That's because these bids are blind
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In what has been dubbed the biggest fraud in India's banking history, two jeweler groups have been accused of defrauding banks by raising loans from overseas branches of Indian lenders using nearly $2 billion of fraudulent guarantees issued by rogue Punjab National Bank staff at a Mumbai branch.
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“After dropping earlier this week on trade-related anxiety in financial markets, the benchmark 10-year Treasury stabilized on Wednesday, but at a level slightly lower than from the start of last week. Mortgage rates followed and fell for the second consecutive week; the U.S. weekly average 30-year fixed
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To do this, the organisations used the “Sign your mortgage deed” service from HM Land Registry, which requires the mortgage applicant to have an account with the government's identity service, Gov.UK Verify. The government claimed that, in future, it shouldn't be necessary “for a witness to watch as
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“Consumers are moving quickly,” Rendle tells Fortune. “For us to compete and stay in lock step with our consumer, we need to change.” And change, or what Rendle calls “transformation” is the new watchword at the Greensboro, North Carolina company which is famous for its Lee and Wrangler jeans,
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“Because real estate is often local, you'll often see competing companies rising up in different markets and converging at some point in the future,” said Schwarzman. “If you look at any sub-category of real estate technology, there's now a bevy of companies that are coming to market and competing to be
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