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Ezra Klein: Financial industry hit pay dirt with working poor |
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Sometime this spring, Democrats stopped calling Sen. Chris Dodd's bill "financial reform" and started calling it "Wall Street reform." Most of the headlines and news releases on the sweeping legislation focused on the well-heeled, white-collar, upper crust of finance -- investment banks, private-equity firms and hedge funds. But the bill President Barack Obama signed into law last week will have ...
Illinois Considering Small Loans Bill, Reports AboutPaydayLoan.com
As our payday loan states article published on June 21st reported, Illinois governor Pat. Quinn, signed State Law HB 537, which is a bill that supposedly closes a loop hole in that State's 2005 Payday Loan Act.
Desperate for capital, small businesses turn to private lenders
Business owners turned down by banks are taking out 'hard money' loans, often at sky-high interest rates. With financial help for the nation's small businesses locked in a congressional imbroglio and bank loans still tough to get, many smaller firms are turning reluctantly to high-dollar lenders of last resort.
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