Main break shuts down 23rd Street
A city of Independence crew works to repair a broken water main just south of 23rd Street/Missouri 78 east of Missouri 291. The 12-inch main broke about 5 a.m. Wednesday, flooding the nearby Select Physical Therapy building and closing traffic on 23rd Street both eastbound and westbound. The break affected just three other customers, a city official said, including one residence, Pay Day Loans and the East Alton Community of Christ church, shown in the background.first east payday loan - News
Cuevas took out her first loan to buy school clothes for her grandchildren and thought it would be her last. But five years later, she still borrows from her payday lender every other week. Greg Larsen, spokesman for the payday lenders' trade group,
A woman reported Friday someone received a $3185 loan in her name, using her Social Security number and birthdate, from Payday Loan. The woman said the lender contacted her about an overdue payment. • Police obtained video footage of a shoplifter
The break affected just three other customers, a city official said, including one residence, Pay Day Loans and the East Alton Community of Christ church, shown in the background. By Jeff Martin - jeff.martin@examiner.net Wednesday's forecast called
A Lewisburg woman reported to the Marshall County Sheriff's Department that someone used her personal information to take out a $1500 loan with Payday Loans in Kentucky. According to the report by Deputy Chad Bass, the victim found out about the loan
They've become an alternative to the payday lenders and loan sharks that often prey on this community. And they provide a banking option for individuals who are shut out of big banks because they may not have enough money or assets to get loans;
California State and Local Government 180: San Jose Mercury ...
Last month, the Bay Area News Group reported on California's proliferation of payday lenders and the powerful lobbying industry fueling their success. Although 17 states have driven the lenders out of business, mom-and-pop outfits and national chains have attracted hundreds of thousands of new California customers, while donating to politicians now pushing an industry-backed bill to expand lending. Georgia made payday lending a felony subject to racketeering charges for non-bank payday lenders, but Guaranty Bank offers a similar loan in that state. In Ohio, where voters enacted a payday loan interest rate cap of 28 percent, Fifth Third Bank's "Early Access Loan" has a 520 percent annual percentage rate for loans taken a week before payday. Wells Fargo customers who have a checking account and a recurring direct deposit can borrow as much as half of their monthly earnings, or a maximum of $500. At most banks, fees average $10 per $100 borrowed. Wells Fargo charges $7.50 per $100. Non-bank payday lenders charge $15 per $100, but under California law they can only lend as much as $300 at a time. Despite the warnings, more banks are being pushed by industry consultants to join the market as a way to offset lost revenue from new federal regulations that limit overdraft fees. Representatives of Fiserve, an industry software provider, pitch the small-dollar loan market to banks as "a very compelling revenue opportunity" -- and a way to "make some real money.