As we have seen in recent weeks, the stock market can be a volatile place, especially for the investment firms who decide to gamble in the subprime securities market. For the past several months, the nation has watched as the housing market has continued its plunge to levels not seen since the Great Depression. At [...]
According to, Mississippi State Attorney General Jim Hood, 2,209 Mississippians will be eligible to get refunds through the national settlement of a predatory lending lawsuit against Ameriquest Mortgage and its related companies. Letters were sent during the week of July 9th to those eligible. The Attorney General says people have until September 10th to [...]
The payday loan companies are finally coming under fire from the federal government and for good reason. The Pentagon is quite correct when it says that these companies prey on military personnel and need to be watched closely. As previously reported, payday loan outlets are popping up around military bases, including [...]
It’s hard to believe that predatory lenders are still taking advantage of military personnel and their families. As many as one in five members of the armed services are being victimized by loan centers set up near military bases. These loan sharks can charge cash-strapped military families interest of 400% or more, according [...]
Lots of folks still consider payday lenders as just a bunch of small time loan sharks who are making a few loans and holding a few checks for their customers. That is far from true. Last year, the payday loan industry generated over $6 billion in fee revenue and over $40 billion in [...]
