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The company made just 2 cents in the year ago period. Revenue rose to $443.6 million from $440 million a year ago despite regulatory changes in Colorado, Illinois, Virginia, Washington and Wisconsin which cut revenue to $11 million from $17.3 ...

Payday Loans Pay Off For Advance America, Stock Breaking Out

WASHINGTON -- A new federal agency can't protect consumers properly from financial industry abuses such as sky-high payday loans or overly risky mortgages unless Senate Republicans agree to confirm its director, two White House officials said Monday.

Collins, Snowe stall on consumer chief pick

Look to Washington State who recently adopted a database much like the one Rep. Brad Daw is proposing. In that state's 2010 Payday Lending Report, the number of loans issued by regulated lenders plummeted by 67 percent but complaints increased 200 percent ...

The case against overregulated payday lending

It is charged with overseeing markets for financial products like credit cards and home loans in response to concerns that ... have highlighted the fact that the bureau cannot oversee payday lenders and other “shadow banking” firms until ...

Washington Gridlock Continues Over Consumer Financial Protection Agency

They offer short-term loans with a maximum 26.8 per cent APR, and work in conjunction with the Post Office. Some states in America have brought in legislation restricting the payday loan firms. When Washington state last year limited such loans to eight ...

Interest rates of 4,200%: We reveal the harrowing human stories of Britons taking out payday loans at extortionate rates

Washington • The White House on Monday called out Sens. Orrin Hatch and Mike Lee to either support the director of a financial watchdog agency or leave consumers vulnerable to under-regulated loans and ... mortgages, payday lenders and other ...

White House urges Sens. Orrin Hatch, Mike Lee to back finance agency nominee

It notes that payday lenders charge on average $16 in fees for a $100 two-week loan, the equivalent to an annual interest rate of 400 percent. An estimated 20 million individuals rely on payday loans, according to research cited in the report.

President Obama pushes fight for Richard Cordray

WASHINGTON -- Goldman Sachs' decision to handle the doomed Solyndra loan earned the investment banking giant, along with a nifty payday, bad press that the besieged firm could certainly have done without. According to the now-bankrupt Solyndra ...

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