Page 5 - Payday Loan Companies News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Payday loan companies. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Payday Loan Companies Today - Breaking & Trending Today

Detailed text transcripts for TV channel - CNN - 20161116:03:53:00

Democrat s last hope this election season a chance to send the message against the election of donald trump a week ago. what do you think of that? i hope i m everybody s last hope. i ve been a politician in louisiana for a long time and i ve represented the people and have a strong record of representing consumers from taking on payday loan companies to reducing electric rates from utility companies. i m on the public service commission right now. i ve been a strong voice for the people and i wear that badge proudly. so i want to go to washington to help the people in louisiana. we re a poor state. we should have been. a lot of our politicians throughout the years have sold the people out, more interested in being re-e leelected than do right things for the folks. i have the record and the backbone to get that done. that was a good sell of your ....

Donald Trump , Everybodys Last Hope , Payday Loan Companies , Utility Companies , Public Service Commission ,

Detailed text transcripts for TV channel - CNN - 20161116:07:52:00

Democrats are assessing the future of their party. but first, one senate seat is still up for grabs, and the last hope for the democrats in this election cycle. foster campbell, candidate for u.s. senate in my home state of louisiana. always comes down to louisiana. thank you for joining us, mr. campbell. you are hailed as democrats last hope this election season, a chance to send a message against the election of donald trump a week ago. what do you think about that? well, i hope i m everybody s last hope. i ve been a politician in louisiana for a long time. i ve represented the people. i have a strong record of representing consumers, from taking on payday loan companies to reducing electric rates on from utility companies. i m on the public service commission right now. i have been a strong voice for the people and i wear that badge ....

Us Senate , Election Cycle , My Home State Of Louisiana , Foster Campbell , Donald Trump , Everybodys Last Hope , Payday Loan Companies , Public Service Commission , Utility Companies ,

Detailed text transcripts for TV channel - FOXNEWS - 20151011:19:12:00

Wink, nudge, nudge, you re probably not going to get approved because you re not our problem. you re making the payments. why are we gonna look at you when we have a stack of hundreds on our desk? that are in default. that are in default. so, now they have the hit on the credit. they re not getting a modification. and now what do i do? now, even though things are getting better, there s still a lot of unpaid debt out there. and when you borrow money that you can t repay, it doesn t just go away. eventually, debt is often sold to debt collectors, sometimes for pennies on the dollar. and to collect on it, they can get very aggressive. when times got tough for jeffrey smith, he turned to payday loans to cover his expenses. a knock comes to our door. i open up the door, and it s one of the people from the payday loan companies. a manager is knocking on the door, asking us for money. i m sorry. we re going through bankruptcy. no, no. you owe us a debt. you have to pay up. no ....

Doesn T , Debt Collectors , Payday Loan Companies , Payday Loans , Jeffrey Smith , Joe Hernandez , Im Sorry , Wouldnt Leave ,

Detailed text transcripts for TV channel - MSNBC - 20150523:16:49:00

Uncapped. in missouri it s uncapped and can be high as 1900%, an average between 200 and 500%. the person who had little money to begin with gets trapped paying back not only the loan but interest and chooses to roll over the loan and take out a repeated a amount of loans which adds up in the long run. sarah, how do lenders get away with charging these kinds of amounts, this kind of interest? well, there s very little regulation. in 2012 in missouri there was a failed ballot initiative to cap the interest rate at 36%. you look at that number 36%, an extremely high interest rate but, you know, that s honestly a goal for these industries. there s not much regulation. payday loan companies have a lot of influence with politicians and there s a lot of reluctant among the political elite to crack down on these predatory lenders. what kind of recourse does a borrower have? they can try to take on ....

Long Run , Interest Rate , Ballot Initiative , Payday Loan Companies ,

Detailed text transcripts for TV channel - MSNBC - 20150523:16:50:00

Litigation, often, you know, the payday loan companies trap people in the litigated process. part of the problem it s difficult to have a class action loan because it goes through an arbitrator and so that s been a problem is that, you know, as president obama said there are millions of people trapped in this situation who are, you know, sharing the same problems but it s difficult for them to unify together. so the best bet would be a change in legislation that would cap the interest rates. other things are, you know, people are unbanked they don t have access to basic financial services and if banks and credit unions would make more of an effort to reach out to the poor and vulnerable populations that would help. a greater financial literacy among the populations would be helpful as well. is anyone right now looking out for people borrowing in these states? yeah. you know there s been federal initiatives. there s been activism within every state. each state varies in its ....

Payday Loan Companies , Class Action Loan , President Obama , Interest Rates , Credit Unions , Dont Have Access To Basic Financial Services ,