Category Archives: Uncategorized

Fake Debt Collection Scam Alert

The Federal Trade Commission has received permission from US Federal Court to shut down a debt collection scam that the FTC alleges “collected phantom payday loan “debts” that consumers did not owe. Consumers received millions of collection calls from India, … Continue reading

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Consider the Consequences

A letter recently published by Christopher Donegan in the Kansas City Star outlined what could happen to his area if steep rate caps to short-term lenders become law and drive them out of business: “If Missourians cannot qualify for a … Continue reading

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WSJ: Payday fees reasonable compared to credit-card & bounced check fees

Today’s Wall Street Journal had a great Editorial that outlined how misguided government targeting of the payday loan industry is when it serves so many Americans. Some excerpts: “Payday lenders charge around $15 for a two-week $100 loan to their … Continue reading

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Non-Profit Director: Short-term loans offer needed help

A terrific Op-Ed printed in our neighbor state Missouri was written by Gerri Guzman who is Executive Director of the Consumer Rights Coalition, a non-profit, consumer based organization. In the Op-Ed, published by the Columbia Daily Tribune, Guzman writes of … Continue reading

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Avoid this Telephone Payday Loan Scam

WIFR-TV in Illinois picked up on this growing telephone payday loan scam where someone repeatably calls a residence threatening legal action if the person doesn’t pay off a payday loan they didn’t take out in the first place.  From the … Continue reading

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Why a payday loan costs the amount it does

The Payday Pundit blog has a good catch with this excerpt from an article in The Atlantic magazine by Megan McArdle: “Credit unions are not charities.  They have responsibilities to the members who deposit money with them: they cannot make … Continue reading

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2012 Legislative Session Info

The Senators are due back in Lincoln next week.  They will convene on Wednesday, Jan. 4th to begin the next Legislative Session.  The legislative calendar for this year’s activity can be found here. Another good link to have once session … Continue reading

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