CBS News: 6 ways to avoid overdrafts

CBS MarketWatch offers 6 tips to avoid overdraft fees.
“If you have been on the receiving end of this practice, you know that a single $5 transaction can trigger a $30 to $35 overdraft fee, while a series of overdraft purchases in a single day can rack up hundreds of dollars in fees. The people most [...]

Update from Colorado

This Denver BizJournal story has the latest blow-by-blow.    It loads slow so be patient.  

Nonprofit’s motives questioned after $15M donation

Business Journal of the Greater Triad Area of North Carolina reports on the Center for Responsible Lending.
“The good guy image of the Center for Responsible Lending, a Durham nonprofit that has emerged as a high-profile advocate on consumer issues, is being scuffed up by a $15 million donation from hedge fund investor John Paulson.
Paulson and [...]

Motley Fool weighs in on “overreaching” AGs

The Motley Fool, which periodically comments on happenings in the payday lending industry, has this to say about recent developments in Arkansas.   There are still some sensible observers out there. 

“Arkansas’s attorney general wants to shut down payday lenders in his state, and he’s sent letters to some 60 companies doing business there, telling them to pack [...]

Another bank gets into the “payday loan” business

This story out of South Dakota describes the effort of a local bank that signed up for the FDIC small loan program.  The Pundit loves the quote from Bruce Cooey, who appears to be a local payday lender:
 ”I don’t know what this program is doing that banks could not have been doing all along,” said [...]

The Pundit looks at the Big Picture

There seems to be no consensus as to where the economy is  going.  This story in the International Herald Tribune essentailly says “worry, but not too much.”   This column ,that first ran in the New York Times, essentially says, “worry a lot.”