http://www.nextdaycheck.com/blog Instant Faxless Payday Loans & Paycheck Loans Online Wed, 23 Sep 2009 21:44:11 +0000 http://backend.userland.com/rss092 en The U.S. Federal Trade Commission, and the State of Nevada recently settled a suit against a large Internet Payday Lending operation.  According to the FTC's press release: An international Internet payday lending operation will pay $1 million to settle Federal Trade Commission and State of Nevada charges that it failed to ... http://www.nextdaycheck.com/blog/payday-loans/internet-payday-lenders-settle-ftc-suit/ This is a question we hear all the time: Can I get a loan even if I don't have a bank account? Here's the short answer -- "no".  Or, more accurately, you can't get an online payday loan directly deposited to your account if you don't have a bank account.  Also, ... http://www.nextdaycheck.com/blog/payday-loans/do-you-need-a-bank-account-to-get-a-payday-loan/ Two years ago, Congress passed the Military Lending Act, which included a number of provisions effectively banning payday loans to American Service Members. So how has the law faired? It looks like it is working.  Even the Consumer Federation of America (a vocal detractor of payday loans) agrees that the Military Lending ... http://www.nextdaycheck.com/blog/payday-loans/status-of-military-payday-loans-2-years-after-ban/ Earlier this year, the House Subcommittee on Financial Institutions and Consumer Credit held a hearing to discuss H.R. 1214, (othewise known as the "Payday Loan Reform Act of 2009"). As typical in such a hearing, several interested parties were invited to provide testimony. In the hearing, Barbara Fox ... http://www.nextdaycheck.com/blog/payday-loans/payday-loan-regulation-testimony-of-a-payday-loan-borrower/ Earlier this year, the House Subcommittee on Financial Institutions and Consumer Credit held a hearing to discuss H.R. 1214, (othewise known as the "Payday Loan Reform Act of 2009"). As typical in such a hearing, several interested parties were invited to provide testimony. In the hearing, Barbara Fox ... http://www.nextdaycheck.com/blog/payday-loans/payday-loan-regulation-testimony-of-a-payday-loan-borrower/ The California Senate Judiciary Committee is scheduled to meet on July 14, 2009 to discuss a payday loan bill (AB 377) which would change the way payday lenders operate in California. Here are a few highlights from the Bill: First, the payday loan bill would increase the maximum amount of a check ... http://www.nextdaycheck.com/blog/payday-loans-in/payday-loans-in-california-attacks-on-the-proposed-payday-loan-bill/ The FDIC’s Small-Dollar Loan Pilot Program is a two-year case study designed to identify best practices in affordable small-dollar loan programs that can be replicated by other financial institutions. The FDIC recently published results from the first year of the pilot program.  So... can banks profitably issue small dollar loans ... http://www.nextdaycheck.com/blog/payday-loans/the-fdic-small-dollar-loan-program-an-update/ We've complained about overdraft fees at banks in the past, and discussed how overdraft fees are like payday loans... at banks. It's time for us to rant about overdraft fees again. At a recent conference held at the Federal Reserve in Chicago, there was a great panel presentation that included a ... http://www.nextdaycheck.com/blog/payday-loans/payday-loans-at-banks/ Have you submitted an application for a faxless payday loan online, and then been denied the loan? It can be frustrating, especially if you need emergency cash. Here are a few tips that can help you if you find yourself in this situation. First, you need to figure out ... http://www.nextdaycheck.com/blog/payday-loans/been-denied-for-a-faxless-payday-loan-heres-what-to-do/ People have always needed small, short term loans, and someone has always been willing to provide them. Today's flourishing industry of payday lending looks a lot like the "salary lenders," later renamed "salary buyers," that thrived in the late 19th century. These days, if a person needs to borrow ... http://www.nextdaycheck.com/blog/payday-loans/i-need-a-payday-loan-2/