The Credit Card Reform Act in Congress got a boost from Paul Wenske of Kansas City Star this past weekend. The bill contains signification disclosure provisions among other things.
The payday lending industry, through the Community Financial Services Association, has long advocated transparency. Just a few months ago, the CFSA launched a new program implementing the most stringent transparency [...]
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The Motley Fool today has an interesting story on college students and credit cards. More than two-thirds of students have credit cards and among those that do, the average senior has $2600 in debt, the average freshman, $1300. The columnist’s advice: “If you can’t pay off your balance every month, you’re probably better not having [...]
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The Tribune newspaper of Greeley, CO carries a guest piece today on payday lending legislation by Michael Hough, director of the Commerce, Insurance and Economic Development Task Force at the American Legislative Exchange Council. Hough says:
“This misguided legislation assumes that the majority of Coloradans are unable to make appropriate financial decisions without the state intervening on their [...]
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