News About the Ever-Changing Payday Advance Industry
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We reported earlier this summer that Mark Pearce, the former president of the Center for Responsible Lending and a major opponent of payday loans, had been hired as a deputy state banking commissioner for the N.C. Commissioner of Banks.
For one payday advance company, being charitable appears to be paying off.
There may be controversy swirling over whether or not a no fax payday loan is helpful for those in debt - but there's no longer debate over how well companies that specialize in this sort of resource do on the stock market.
The most recent report on income levels across the U.S. doesn't bode well for consumers. While regular and/or faxless payday loan use was not blamed for sending people into poverty, critics of the industry are still keeping a close eye.
Despite regulations on payday loans in numerous states across the country, a handful of payday advance companies are watching stock shares soar.
Perhaps it's because a certain payday advance lender in the state is still causing major problems for former clients. Or maybe they just didn't wish to disagree on absolutely everything.
For all the financial flak that faxless payday loan companies receive - being accused of taking advantage of the poor, for instance - it's nice to come across a story that shows a different side to these businesses.
Cash Now is keeping busy. The payday loan company has expanded its technological reach - and is now expanding its cash advance business into the Asian market.
If you live in Hutchinson, Kansas and need fast cash, don't worry: chances are high there's a quick payday loan store near you.