Archive for the ‘maximus money loans best payday loans online’ Category

Do payday loans exploit the indegent? By concentrating on states with state-run alcohol monopolies

Saturday, February 20th, 2021

Do payday loans exploit the indegent? By concentrating on states with state-run alcohol monopolies

“The effectation of State Bans of Payday Lending on Consumer Credit Delinquencies.” Desai, Chintal A.; Elliehausen, Gregory.

Abstract: “The debt trap theory implicates payday advances as a factor exacerbating customers’ economic distress. Consequently, limiting usage of pay day loans will be expected to reduce delinquencies on main-stream credit items. We try out this implication of this theory by analyzing delinquencies on revolving, retail, and credit that is installment Georgia, new york, and Oregon. (more…)

Bernstein thanked the Nevada Attorney General’s workplace for the support in investigating the situation.

Saturday, February 20th, 2021

Bernstein thanked the Nevada Attorney General’s workplace for the support in investigating the situation.

Order Marks First Commission Action Against a Provider of “Payday Loans”

The Federal Trade Commission today announced two proposed agreements settling fees that Consumer cash Markets, Inc. (CMM), Continental Direct Services, Inc. (CDS) and lots of people and businesses linked to the organizations violated the FTC Act, the Telemarketing product product Sales Rule (TSR) in addition to Truth in Lending Act (TILA) by falsely representing that customers who paid a account charge of $149 to $169 would get a line of credit of thousands, along side cash-advance privileges. (more…)