Topic: Subprime Lending
Despite reforms, costly loans and cards remain
AP News
For those in a tight spot, costly loans and cards still remainYou can still get credit if your finances are a mess. It will just cost dearly. A sweeping credit card law that takes effect Monday was supposed to prevent banks from employing tactics that yanked borrowers deeper into debt ...
Payday Loans: How they rate against alternatives
AP News
Payday Loans: How they rate against alternativesThe average fee for a $100 payday loan is $15. If you translate that two-week advance into an annualized rate, as on a credit card, you're looking at a 391 percent interest rate. By that measure, the payday lending industry says its rates ...
Mich. court upholds cap on payday loan bounce fees
AP News
<div id="subtitle">Michigan Appeals Court upholds cap on fees that payday lenders can charge for bounced checks</div><div><p>Payday loan companies can no longer charge borrowers triple damages plus $250 if ...
Wis. speaker draws ire for dating lobbyist
AP News
<div id="subtitle">Wis. assembly speaker draws ire, some support, after disclosing relationship with lobbyist</div><div><p>Wisconsin residents angry about Assembly Speaker Mike Sheridan's relationship with a lobbyist sent him insulting e-mails this week, including some calling for his ...
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