Payday cash loan is considered as a small loan and they are subject to state regulations. In most cases the state will cap rates of small loans to 24% to 48% annual interest rate and require the customer to pay the loan on an installment basis. Most states also have ...
Most Recent Articles For: Loan Facts
Written by admin on June 16th, 2011
Written by Thomas Hart on January 5th, 2011
More people went back to work in December than economists predicted as 279,000 private sector jobs were created in December. Image: CC Paul Holloway/Flickr
Private sector jobs were created in December at a pace more than doubling expectations, according to a report released Wednesday. Another jobs report indicated that job losses ...
Written by Mary Rice on January 4th, 2011
A group that services mortgages has been found guilty of gouging for fees. Image: Flickr / thetruthabout / CC-BY-SA
A major decision has been made in one of the first major cases addressing loan servicing. In Reno, Nev., loan servicer Compass/Silar has been found liable for $5.1 million in damages. This ...
Written by Mary Rice on December 20th, 2010
Were Federal Housing loans priced in a discriminatory way in Baltimore? Image: Flickr / kozumel / CC-BY-ND
In Baltimore, Maryland, and surrounding areas, there have been accusations of discriminatory lending rates. Federal Housing Administration secured loans are supposed to maintain a consistent rate. Some research says that Baltimore borrowers may have ...