News & Insights
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Illinois gets new law regarding unlicensed short term lending
The state of Illinois now has a new law pertaining to short term loans for residents. Lawmakers say the bill was passed to protect consumers from predatory tactics, although many of these companies aim to provide short term lending solutions for
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Small businesses seek out creative lending solutions
While more traditional sources of financing may be opening up to small businesses, overall the market remains constrained, encouraging companies to seek new options, including short-term lending. Among the creative solutions businesses are
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Debt collection agency under fire after FDCPA violation
Debt collection agencies are a useful resource for organizations that want to recover outstanding amounts from debtors. However, precautions must be taken to follow the law, specifically the Fair Debt Collection Practices Act (FDCPA), and state
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New Wisconsin legislation affects title lenders
When consumers have to pay for unexpected expenses, many choose to turn to short term lenders for fast cash. Within the industry, there are different types of companies, ranging from those who allow individuals to borrow against their next
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Local California government files for bankruptcy
Like consumers, local governments sometimes go to lenders to borrow money to pay for unforeseen expenses. Though consumers usually approach short term lending companies, authorities usually obtain government loans that can help fund infrastructure
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