Payday lending has been getting a makeover of sorts recently. A number of banks, including Wells Fargo, have discontinued their payday-like direct deposit advance programs after federal regulators tightened their guidance over the high-cost products. Now, a number of state legislatures are discussing payday lending reform bills, which they say will make short-term loans safer for consumers. But are they truly helpful to those who need them? Not quite, say consumer advocates. [More]
Federal Regulations
Self-Described Toy Tester Will Go Through Your Stuff If You Pay Her
By 12.29.09
Every time there’s a warning or recall over lead-tainted toys–and it hasn’t happened much this past year, but check out our archives from a couple of years ago–lots of people get up in arms about not being able to trust the government or big business. Well, one woman has bought herself an X-ray flourescence (XRF) analyzer and now hires her services out to worried families, reports the Washington Post. For a fee, she’ll come to your house, point her gun at your kids’ toys, your heirlooms, the fishtank, whatever you ask her to test, and then tell you whether you should throw it out. [More]
Comcast Wins Right To Own More Than 30% Of Cable Market
By 8.30.09
Comcast is the biggest cable provider in the United States, and now a U.S. Court of Appeals decision states that it can grow even bigger. Yay! Yay?
U.S. Airways: Abandoning Passengers "Is Not A Compensation Issue"
By 8.31.08
“In order to ensure that all carriers remain focused on safety, aviation regulations do not require airlines to pay compensation for consequential expenses because of delayed or canceled flights.”
