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Keyword: payday

Brevity: Headers | « Text »
  • Demand For High-Interest Payday Loans Soars In Minnesota

    02/23/2014 8:22:16 AM PST · by Son House · 24 replies
    MinnPost ^ | 01/28/13 | Jeff Hargarten, Kevin Burbach, Calvin Swanson, Cali Owings and Shayna Chapel
    Call it predatory lending. Or call it financial service for the neediest. Either way, more Minnesotans are turning to high-interest payday loans and other services outside the mainstream banking system, controversial enterprises that operate through a loophole to dodge state restrictions. On a typical morning throughout Minnesota, customers stream into any one of some 100 storefronts where they can borrow hundreds of dollars in minutes with no credit check – at Super Cash on the north side of Bloomington, for example, at Ace Minnesota Corp. on Nicollet Avenue in Richfield and across the metro on Roseville’s Rice Street at PayDay...
  • Obama—Who Pays Men 13% More Than Women—Proclaims “Equal Pay Day”

    04/09/2013 7:23:40 PM PDT · by Olog-hai · 8 replies
    Cybercast News Service ^ | April 9, 2013 | Fred Lucas
    President Barack Obama designated April 9 as National Equal Pay Day, even though 70 percent of White House staffers in the top-salary bracket were men, and male White House staffers earn on average 13 percent more than female staffers. “To grow our middle class and spur progress in the years ahead, we need to address longstanding inequity that keeps women from earning a living equal to their efforts,” Obama said in the proclamation released Monday evening. “That is why I have made pay equity a top priority—from signing the Lilly Ledbetter Fair Pay Act days after I took office to...
  • Fresno teenager Shaela Warkentin's lawsuit attacks Ford Mustang design

    03/07/2012 8:56:41 AM PST · by smokingfrog · 35 replies
    Fresno Bee ^ | 5 March 2012 | Tim Sheehan
    Allegations of faulty car design are at the center of a lawsuit by an injured Fresno teen against Ford Motor Co. Shaela Warkentin, 16, suffered serious head and facial injuries a year ago when the 2000 Ford Mustang she was riding in was rear-ended by a pickup. Shaela's head was pinned against the rear edge of the car's roof, and rescuers had to cut the roof from the car to free her. The injuries cost the girl her eyesight and left her hospitalized for weeks. Fresno attorney Warren Paboojian filed the suit Friday on behalf of Shaela and her sister,...
  • Casey Anthony Seeks 1.5 Million For Interview

    07/27/2011 11:42:38 PM PDT · by Lmo56 · 9 replies
    sheknows.com ^ | 7/27/11 | Kat Robinson
    Executives at major media outlets choked on their spritzers and diet cokes when Casey Anthony's lawyer informed the press that his client will take absolutely no less than 1.5 million dollars for her first sit-down interview. The joke's on the Anthony clan, though, as sources from major networks say she's not going to get anywhere near that amount, if anything.
  • Larry King and 7th wife both file for divorce after claims he slept with her younger sister

    04/14/2010 3:20:34 PM PDT · by Zakeet · 91 replies · 3,300+ views
    New York Daily News ^ | April 14, 2010 | Nancy Dillon
    CNN's Larry King is splitting from his seventh wife, who says the 76-year-old cheated on her. The talk show anchor and his wife Shawn Southwick, 50, both filed for divorce Wednesday citing "irreconcilable differences." The marriage crumbled after Southwick accused King of having an affair with one of her close relatives, TMZ reported. In December, the National Enquirer reported King cheated on his wife with her younger sister Shannon Engemann, quoting an unnamed friend of Southwick's. The tabloid also said Southwick had an affair with her son's baseball coach in 2008 - a claim she denied. "It's a very...
  • Florida Man Finds Frog in Pepsi Can

    09/02/2009 8:08:39 PM PDT · by Chet 99 · 57 replies · 2,692+ views
    September 02, 2009 10:23 PM The tests show it's true, but the question remains: how did a frog - or a toad - get into a Florida man's soda can? Apparently a man from Ormond Beach opened the can of Pepsi, took a drink, and started gagging. His wife shook the can, until the remains of an amphibian came out. The FDA confirms the findings. A spokesman for Pepsi says the company is aware of the testing, but stands by its manufacturing process. The man is seeking legal advice to determine what to do next.
  • Illegal Immigrant Child Molester Gets $4 million from County

    04/27/2009 10:25:27 PM PDT · by T.L.Sink · 34 replies · 1,409+ views
    Judicial Watch ^ | April, '09
    Lawmakers have secretly approved awarding an illegal immigrant child molester more than $4 million because he was beaten by fellow inmates while in custody. Fernandez Ramirez, 24, is an illegal immigrant from Mexico who molested a 6-year-old girl in a park. The back door settlement, paid with tax dollers, gives the illegal alien's family $3.75 million and $900,000 will go to medical liens rendered while in custody. Orange County (CA) Board of Supervisors refused to comment on the settlement even though constituents have the right to know since it's their money.
  • PAYDAY: GM's Rick Wagoner Drives Away with $20M Retirement

    03/30/2009 10:18:55 AM PDT · by Nachum · 70 replies · 1,997+ views
    abc ^ | 3/30/09 | MICHELLE LEDER and JUSTIN ROOD
    Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company's financial filings show. In this March 12, 2009 file picture, General Motors Chief Executive Officer Richard Wagoner listens... In this March 12, 2009 file picture, General Motors Chief Executive Officer Richard Wagoner listens as President Barack Obama, not pictured, speaks about the economy at Business Roundtable, an association of chief executive officers of leading U.S. companies, at a hotel in Washington. Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is...
  • Cash America to close 43 payday loan shops in Ohio[Voters put cap at %28 on loans]

    11/07/2008 7:44:48 AM PST · by BGHater · 26 replies · 1,694+ views
    Business Week ^ | 05 Nov 2008 | Business Week
    Payday lender and pawn shop operator Cash America International Inc. said Wednesday it will to close about one-third of its Ohio lending locations in the next few months, after voters in the state chose to maintain new payday loan restrictions. Voters Tuesday approved a new payday lending law that cuts the annual percentage rate that lenders can charge to 28 percent and limits the number of loans customers can take out to four per year. It is among the strictest laws in the country. Its backers say cash advances are defective products that trap borrowers into a cycle of debt....
  • Beyond Payday Loans (Note Authors)

    01/24/2008 7:21:04 AM PST · by shrinkermd · 40 replies · 176+ views
    Wall Street Journal ^ | 24 January 2008 | WILLIAM J. CLINTON and ARNOLD SCHWARZENEGGER
    The American dream is founded on the belief that people who work hard and play by the rules will be able to earn a good living... But that dream is harder to achieve for millions of Americans because they spend too much of their hard-earned money on fees to cash their paychecks or pay off high-priced loans meant to carry them over until they get paid at work. Here is one initiative that can unite progressives and conservatives as well as business leaders and community activists: helping the "unbanked" enter the financial mainstream by opening checking and savings accounts, and...
  • Payday Mayday

    12/10/2007 9:48:21 AM PST · by GoldwaterInstitute · 2 replies · 124+ views
    The Goldwater Institute ^ | December 05, 2007 | Dr. Tom Patterson
    Representative Marian McClure calls payday lending an "ugly" business and intends to run payday loans out of business. Like the vast majority of Arizonans, I'm not a payday loan customer. But so long as payday loans are basically a commercial transaction between mutually willing parties, government's first reaction should be to leave them alone. A typical payday loan is short term and high risk. Someone with an urgent need for cash will borrow, say, $100 for two weeks and pay back $105. That's an annualized interest rate of about 130 percent, which is what policymakers find repugnant. But the transaction...
  • [Oregon] Bills add limits to payday lending [ban triple-digit interest rates ]

    05/04/2007 11:00:38 AM PDT · by bedolido · 18 replies · 607+ views
    The Oregonian ^ | 05-04-2007 | BILL GRAVES
    Oregon moved closer to a total cap on interest rates Thursday, when the state House passed a 36 percent limit on consumer loans under $50,000. The cap completes House approval of a package of bills aimed at banning the triple-digit interest rates charged by payday and car title lenders. "This doesn't end consumer lending," said House Speaker Jeff Merkley, D-Portland. "But it will end predatory interest rates." The House voted 36-21 in support of House Bill 2871, which will join four other bills pending in the Senate. Oregon's payday lenders, who operate about 360 stores, say the legislation will kill...
  • {Harold, Jr.} Ford gets Merrill Lynch post

    02/14/2007 3:32:34 PM PST · by SmithL · 45 replies · 1,086+ views
    NASHVILLE — Former Democratic U.S. Rep. Harold Ford Jr. has been named a vice chairman and senior policy adviser at Merrill Lynch & Co., the biggest U.S. retail brokerage, the company announced today. The 37-year-old Ford, who lost a narrow U.S. Senate race last year to Republican Bob Corker, will advise senior management on domestic policy issues, serve as a member of the company’s public policy committee and work on business development initiatives among other things, the company said. He will maintain offices in Nashville and New York. "We are delighted to have a dynamic, energetic visionary like Harold Ford...
  • Cashiering payday loans?

    12/06/2006 12:31:23 PM PST · by Lezli344 · 23 replies · 1,455+ views
    The Washington Times ^ | November 24, 2006 | Ryan Krueger
    Cashiering payday loans? By Ryan Krueger Published November 24, 2006 -------------------------------------------------------------------------------- The recent outcry for a ban on payday lenders made me wonder how many of those pointing fingers ever tried to open one of the doors they want to kick down. Have they listened to a customer describe what is on the other side? The tasteful accusation at fancy dinner parties is that they prey on the low-income worker, trapping him into unsavory interest rates. The hosts need to ask the caterer or nanny used that same evening for their opinions. Up front, I must disclose a bias of...
  • Payday Loans Blamed for Trapping Poor in 'Quicksand'

    12/01/2006 10:30:23 AM PST · by shrinkermd · 139 replies · 2,792+ views
    Cybercast News ^ | 1 December 2006 | David Thibault
    Cash-starved Americans, many of them serving in the U.S. military, are watching an increasing crackdown on one of their most frequent sources of last ditch credit - payday loans. Even Congress has clamped down on the practice, but a spokesman for the payday loan industry Thursday told Cybercast News Service that criticism of the loans is being led by "elitist" consumer groups whose members "never have to go paycheck to paycheck." Payday loans allow individuals to stay financially afloat between paychecks. They are short-term cash loans in which the borrower often hands over electronic access of their bank account to...
  • $700,000 found hidden inside vehicle at border

    10/22/2005 10:46:53 PM PDT · by nickcarraway · 38 replies · 1,258+ views
    San Diego Union-Tribune ^ | October 22, 2005 | Pauline Repard
    SAN YSIDRO – Customs agents seized $700,000 in hidden cash from a motorist headed for Mexico yesterday, after seizing drugs and arresting a Seattle homicide suspect Thursday. Agents checking southbound vehicles yesterday morning X-rayed a sport utility vehicle and found 67 small packages of cash hidden in the quarter-panels, U.S. Customs and Border Protection spokesman Vince Bond said. Bond said the cash, totaling $700,000, was seized because the driver didn't have a U.S. Department of Treasury form that is required when taking more than $10,000 out of the country. It wasn't clear if the driver was arrested. A 30-year-old U.S....
  • Payday loan sharks prey on military personnel

    05/31/2005 10:01:56 AM PDT · by MikeEdwards · 31 replies · 1,493+ views
    CFP ^ | May 31, 2005 | Judi McLeod
    BNP Paribas, Saddam Hussein’s favourite bank, is in the payday loan shark business, finding many of its customers from within the ranks of American military personal. Keeping it confidential which companies it is involved with on the new business front, the bank is operating with impunity. In its BNP-Paribas Watch, www.innercitypress.org reports that BNP is staying mum on which companies it is involved in on a flourishing new cottage industry in the U.S.: 7-11-style payday loan type operations. As prolific as dandelions in spring, payday loan storefront operations are thick around military bases. An underwear clad Saddam may be lingering...
  • CA: With governor's help, state GOP angling for $2 million payday

    05/19/2004 8:33:56 AM PDT · by NormsRevenge · 4 replies · 136+ views
    Bakersfield Californian ^ | 5/19/04 | Michael R. Blood - AP
    LOS ANGELES (AP) - Republicans say a fundraiser headlined by Gov. Arnold Schwarzenegger next week may bring in up to $2 million and be one of the state party's biggest paydays since the Ronald Reagan era - if not the biggest ever. Schwarzenegger's election last year marked a turning point for the state party, which for years saw Democrats control the state's top offices. The governor's success has attracted donors who "believe, for the first time in a long time, that the Republican Party can deliver in November," said Karen Hanretty, a spokeswoman for the state party. "People like to...
  • REV. FLIMFLAM (Why Sharpton is running)

    02/04/2004 7:37:19 AM PST · by Phantom Lord · 13 replies · 673+ views
    The NY Post ^ | 02/04/04
    <p>No wonder the Rev. Al Sharpton - finishing way back in the pack yesterday in South Carolina, just weeks after being handed a hefty $5,500 fine from the Federal Election Commission - is so committed to his presidential campaign.</p> <p>That's where the money is.</p>
  • A RESCUE PLOY NOW HAUNTS A HEDGE FUND THAT HAD IT ALL

    01/19/2003 11:40:02 AM PST · by MeneMeneTekelUpharsin · 9 replies · 474+ views
    The New York Times ^ | 19 January 2003 | GRETCHEN MORGENSON and GERALDINE FABRIKANT
    They had a glittering client list, dazzling reputations and smarts galore, but as 2002 drew to a close, William A. Ackman and David P. Berkowitz, hedge fund managers at Gotham Partners, were desperate. They had received a mountain of requests from investors asking for their money back and had suffered a devastating setback in one of their biggest investments. The men, who just a few years earlier had been at the top of the hedge fund world, were facing a run on the bank. But Gotham had little in the way of liquid assets. What had begun in 1993 as...