Millions of People versus the CFPB: Who Will Win?

The stage is currently set for one of the ugliest political election seasons of all time. One of the big battles that is going on right now is the battle over payday loan regulations. From observing people, economists can sometimes predict what they are going to do. They call this “revealed preference.” This practice has…

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Lawsuit Filed by Payday Lending Trade Group Continues Forward

A recent report indicated that a trade group, called the Community Financial Services Association of America planned to file a lawsuit against the FDIC (and possible co-defendants) with regards to the actions that the government took as part of the CFPB’s infamous “Operation Choke Hold.” While it appeared that this lawsuit may have ended up…

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The Potential Dangers of Mobile Banking Technology

It is easier than ever to manage your finances these days. Now that we have access to lots of different mobile banking technologies, it is simple to pay bills, get cash or just to check your bank balance. As we all know, though, there are good and bad sides to everything. Any time we sacrifice…

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Important Information about Mobile Banking

Modern technology has made all of us more efficient than we have ever been before. Take banking for instance. It used to be that you’d have to get in your car, drive to the bank, wait in line and then deal with a teller to take care of deposits, withdrawals and bill payments. These days,…

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FDIC Releases Statistics about Unbanked and Underbanked Households

The Federal Deposit Insurance Company (FDIC) recently published the results of their 2013 FDIC National Survey of Unbanked and Underbanked Households. These results are thought to be the most up-to-date and thorough statistics on the subject in the U.S. The survey displays the proportion of unbanked households in the United States actually declined from 8.2…

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