Finance
Not lots of profit in cash advance lending
Critics talk about the loan and payday loan industry in a way that makes it seem profits are astronomical. That isn't actually true at all. Short term loan lenders are not what they are said to be. Lending isn't the profit mill for a cash advance lender that many think. The profit margins are quite ...
Cash advance employees see dark clouds ahead
PR Web just lately published a press release in which the spotlight was shined on a payday loan employee survey conducted by the industry website AboutPaydayLoans.com. Many of the poll respondents assume that the subsequent creation of the Consumer Financial Protection Bureau (CFPB) will mean restrictive regulations against the cash advance and online payday loan ...
Supply of credit worthy small company borrowers is down
The U.S. Senate is about to vote on a bill that is intended to make small business loans more available. This bill will help create $ 300 billion in available capital to help small businesses. The businessman within the lending business are saying this quick cash advance won’t help create more loans for small business. ...
When cash store has trials, it continues to serve the public
Payday loans direct lender just like the one called Cash Store have faced a great deal of legal opposition in their quest to provide cash until payday loans for consumers. Much of the flak has come from consumer interest groups with lobbyist connections to elected officials. They claim to represent the best interests of consumers ...
Second credit report can derail closings – Loan Quality Initiative
The Loan Quality Initiative is a mortgage loan quality control measure that was enacted June 1 to cut down on Fannie Mae foreclosures. In most of the cases the Fannie Mae Loan Quality Initiative demands lenders to pull a borrower's credit report a second time at closing. If the borrower has applied for credit ...
