Economics in Quick: Bipartisan Coalition to Introduce Nationwide Cash Advance Bill

Economics in Quick: Bipartisan Coalition to Introduce Nationwide Cash Advance Bill

A bipartisan coalition of lawmakers intends to introduce a bill that could cap rates of interest at 36 % annually, NPR reports.

Rep. Glenn Grothman, R-Wis., Sens. Jeff Merkley (D-Ore), Sherrod Brown (D-Ohio) and Jack Reed (D-R.I.), in addition to Rep. JesГєs “Chuy” GarcГ­a (D-Ill.) will quickly introduce the Veterans and Consumers Fair Credit Act. Continue reading →

Paul Wilson: Welcome to Hamilton – payday loan paradise

Paul Wilson: Welcome to Hamilton – payday loan paradise

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Just forget about our doughnut-born-here tale. And therefore “City of Waterfalls” campaign. This city has a claim that is new popularity.

Welcome to Hamilton, the payday-loan utopia.

Perchance you thought we’d an adequate amount of them currently. Cash Mart, Money 4 You, Cashmax, Fast Money, Cash Money, Cash Shop, Cash Direct. Downtown is very endowed. There’s a different one every few paces.

They’ve been spread down over the reduced town, directly to Stoney Creek. Additionally the hill does well too.

Nevertheless the city’s west end happens to be lagging behind. That’s planning to alter.

The intersection of principal and Dundurn is a vital one, utilized by 30,000 automobiles just about every day. Continue reading →