Max Pay http://maxpay.net Just another WordPress site Fri, 17 Feb 2012 08:40:59 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Don’t Call Them Payday Loans, but Watch the Fees http://maxpay.net/dont-call-them-payday-loans-but-watch-the-fees/?utm_source=rss&utm_medium=rss&utm_campaign=dont-call-them-payday-loans-but-watch-the-fees http://maxpay.net/dont-call-them-payday-loans-but-watch-the-fees/#comments Fri, 17 Feb 2012 08:40:59 +0000 admin http://maxpay.net/dont-call-them-payday-loans-but-watch-the-fees/ 6:28 p.m. / Updated to make clear that the 36 percent interest on BillFloat’s loans refers to an annual percentage rate.

Even as short-term loans from payday lenders and banks get greater scrutiny from federal regulators, online start-ups

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Debt collectors and credit reporting companies are bracing for intense scrutiny after

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]]> http://maxpay.net/collection-and-credit-firms-facing-broad-new-oversight/feed/ 0 Derailing Help for Consumers http://maxpay.net/derailing-help-for-consumers/?utm_source=rss&utm_medium=rss&utm_campaign=derailing-help-for-consumers http://maxpay.net/derailing-help-for-consumers/#comments Fri, 03 Feb 2012 17:45:13 +0000 admin http://maxpay.net/derailing-help-for-consumers/ Washington

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Bob Herbert

Why should there be any significant opposition to the creation of an independent agency with strong powers of enforcement to protect consume

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]]> http://maxpay.net/derailing-help-for-consumers/feed/ 0 When Lenders Won’t Listen http://maxpay.net/when-lenders-wont-listen/?utm_source=rss&utm_medium=rss&utm_campaign=when-lenders-wont-listen http://maxpay.net/when-lenders-wont-listen/#comments Fri, 03 Feb 2012 10:58:34 +0000 admin http://maxpay.net/when-lenders-wont-listen/

Fixes looks at solutions to social problems and why they work.

At the end of this week’s Fixes column on ESOP, an organization in Ohio that helps prevent foreclosures, I promised to share some stories of homeo

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]]> http://maxpay.net/when-lenders-wont-listen/feed/ 0 Bank Said No? Hedge Funds Fill a Void in Lending http://maxpay.net/bank-said-no-hedge-funds-fill-a-void-in-lending/?utm_source=rss&utm_medium=rss&utm_campaign=bank-said-no-hedge-funds-fill-a-void-in-lending http://maxpay.net/bank-said-no-hedge-funds-fill-a-void-in-lending/#comments Fri, 03 Feb 2012 04:37:19 +0000 admin http://maxpay.net/bank-said-no-hedge-funds-fill-a-void-in-lending/ Hedge fund managers have been called plenty of names.

Now, they can add another: local banker.

<

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]]> http://maxpay.net/bank-said-no-hedge-funds-fill-a-void-in-lending/feed/ 0 Bank Said No? Hedge Funds Fill Loan Void http://maxpay.net/bank-said-no-hedge-funds-fill-loan-void/?utm_source=rss&utm_medium=rss&utm_campaign=bank-said-no-hedge-funds-fill-loan-void http://maxpay.net/bank-said-no-hedge-funds-fill-loan-void/#comments Thu, 02 Feb 2012 22:29:53 +0000 admin http://maxpay.net/bank-said-no-hedge-funds-fill-loan-void/ Hedge fund managers have been called plenty of names.

Now, they can add another: local banker.

When Rentech, a clean energy business in Los Angeles, was rejected by its long-time banker l

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]]> http://maxpay.net/bank-said-no-hedge-funds-fill-loan-void/feed/ 0 A New Credit Report Tracks More of Your Financial Life http://maxpay.net/a-new-credit-report-tracks-more-of-your-financial-life/?utm_source=rss&utm_medium=rss&utm_campaign=a-new-credit-report-tracks-more-of-your-financial-life http://maxpay.net/a-new-credit-report-tracks-more-of-your-financial-life/#comments Thu, 02 Feb 2012 16:24:01 +0000 admin http://maxpay.net/a-new-credit-report-tracks-more-of-your-financial-life/ This week’s Your Money column discusses a new credit report from a company called CoreLogic, which includes all sorts of information about your financial life that is not captured by the reports from the traditional credit reporting agencies.

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]]> http://maxpay.net/a-new-credit-report-tracks-more-of-your-financial-life/feed/ 0 CoreLogic’s New Credit Score Exposes Even More of Your Financial Life http://maxpay.net/corelogic%e2%80%99s-new-credit-score-exposes-even-more-of-your-financial-life/?utm_source=rss&utm_medium=rss&utm_campaign=corelogic%25e2%2580%2599s-new-credit-score-exposes-even-more-of-your-financial-life http://maxpay.net/corelogic%e2%80%99s-new-credit-score-exposes-even-more-of-your-financial-life/#comments Thu, 02 Feb 2012 10:06:32 +0000 admin http://maxpay.net/corelogic%e2%80%99s-new-credit-score-exposes-even-more-of-your-financial-life/ Anyone who has recently applied for a mortgage knows that lenders are already looking much more closely at your financial affairs. But soon, they’ll be able to easily delve into the deepest recesses of your financial life, accessing informati

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]]> http://maxpay.net/corelogic%e2%80%99s-new-credit-score-exposes-even-more-of-your-financial-life/feed/ 0 Hurting Poor Borrowers http://maxpay.net/hurting-poor-borrowers/?utm_source=rss&utm_medium=rss&utm_campaign=hurting-poor-borrowers http://maxpay.net/hurting-poor-borrowers/#comments Thu, 02 Feb 2012 03:54:23 +0000 admin http://maxpay.net/hurting-poor-borrowers/ New York has some of the strongest anti-usury laws in the nation, but that could change if a deeply flawed bill goes forward.

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]]> http://maxpay.net/hurting-poor-borrowers/feed/ 0 Predatory Payday Lending <br>by Banks on the Rise http://maxpay.net/predatory-payday-lending-brby-banks-on-the-rise/?utm_source=rss&utm_medium=rss&utm_campaign=predatory-payday-lending-brby-banks-on-the-rise http://maxpay.net/predatory-payday-lending-brby-banks-on-the-rise/#comments Sat, 03 Dec 2011 01:14:23 +0000 admin http://maxpay.net/predatory-payday-lending-brby-banks-on-the-rise/ View this document (PDF)

Short-term loan carries 365%-plus APR

How Bank Payday Loans Work.  Banks make payday loans by depositing money into a customer’s checking account.  The bank then automatically repays itself in full by

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