Financial
Financial news

Should the Installment Loan Industry Be More Tightly Regulated?

When it comes to the installment loan industry, there are many opinions. Those who have good credit, access to credit cards and middle class paychecks tend to view the industry as predatory and in need of major regulation. However, people who earn low wages, have poor credit and face limited borrowing options often view the
Couple applying for a small loans package

The Role of Small Loans in Today’s Consumer Economy

Small loans are quickly gaining influence that extends beyond their percentage of the economy. Smaller online lenders increasingly employ cutting-edge digital tools to provide their customers with faster decisions, expanded access to lending associates and greater credit options. A healthy market for small loans can stimulate business, increase the Gross Domestic Product, or GDP, and

Calls to Regulate Cash Advance Industry Continue

Calls to regulate the cash advance industry seem to focus primarily on rollovers and a borrower’s ability to repay a loan. When repayment in full of a loan does not occur before the end of the term, a borrower needs an extension or renewal that initiates a new transaction. The industry can impose limits on

Commodities Rebound on Dollar Decline

A weakened U.S. dollar inspired a recent rebound in commodities. Speculation that this year’s global growth won’t be strong enough for the Federal Reserve to raise interest rates was another factor that fueled commodity growth. These stocks saw widespread increases with gains that ranged from gold to copper. A few weeks ago, oil reached new

Gold Looks Set for Continued Rally

Since gold1 is frequently the investment choice for those who are too cautious to invest in regular stocks or other assets, the price of it often holds steady. This year, the commodity rallied. According to some analysts, gold’s recent rally could continue. The Recent Rise Gold rose steadily during this year’s economic melancholy. Estimates show

Global Shipping Drops to New Lows

The first quarter of 2016 has been a rough period for many investors and business people. Most people who follow the financial news are aware that oil stocks are low, but the global shipping industry is also suffering. While oil and shipping are separate industries, oil prices can have major effects on the revenues of

Why Georgia Outlawed Payday Lending

When Georgia’s legislators signed the Georgia Industrial Loan Act of 1955 into law, the regulation was designed to outlaw payday loan lending1. It did this by requiring loan companies to obtain state licensing. The state also required them to register. With this law, Georgia even imposed austere usury limits for financial institutions that were in

Buying for Time – The Global Debt Bubble

While Paul Krugman, the well-known economist who writes for the New York Times, made a recent recommendation that America’s debt load should not be the country’s main concern, another voice is speaking out that it must be a priority. David Stockman, the first budget chief for President Reagan, believes that it’s time for the country

Should Online Payday Lending Be More Closely Regulated?

Payday loans generate lots of controversy because they’re offered to people who have bad credit or limited credit histories, which makes them high-risk borrowers. Traditional lenders seldom approve loans for these types of borrowers and never quickly enough when a cash emergency occurs. Unfortunately, many of these same people don’t use payday loans as intended

War for Profit – How Defense Contractors Influence Washington Policy

When President Dwight D. Eisenhower1 left his post on January 17, 1961, he warned the country of what he thought was a major threat. According to the leader, the military industrial complex formed of lobbyists and military contractors is a great threat to the nation since it will strive to keep America at war for