Union Bank offers banking to poor communities by way of check cashing and loans which are payday. Its efforts will not win admiration that is universal. Driving through Bayview Hunter’s aim, an unhealthy, mostly African-American neighborhood near bay area’s 3Com Park, Union Bank of California Vice Chairman
Online Cash Advance Providers Under Attack by Regulators. BROWSE MORE PAYDAY LOANS LEGAL NEWS
Baltimore, MD worried about high interest levels, astronomical costs and predatory practices, some states are cracking right directly down on internet payday loan businesses. Not only is the payday that is online companies under scrutiny, many in connection with banking institutions that could help the internet financial institutions in performing company can also be working with concerns regarding their policies. …
Lenders Thwart Ohio Law Meant To Limit High Interest on Payday Advances
By Bob Driehaus CINCINNATI An Ohio legislation designed to cap rates of interest on payday advances at 28 % happens to be thwarted by loan providers that have discovered how to charge as much as 680 per cent interest, in accordance with lawmakers who will be planning a 2nd round of legislation. What the law states, the Short-Term Loan Act, …