IHS Global Insight conducted a comprehensive study analyzing the economic impact of the payday loans industry nationally and in states with storefront locations. Findings illustrate that payday loans have "measurable and significant" economic benefits to local economies directly through employment, compensation and taxes, as well as through indirect and induced relationships with suppliers and other industries.

The Wall Street got the rate cut from the Fed that it was looking for. The Federal Reserve cut its benchmark interest rate by 50 basis points to a half-century low. The Fed's statement cited "downside risks to growth." However, it was a disappointing finish on Wall Street. A turbulent final hour of trading left the Dow industrial average with a loss for the day.

At least a dozen people asked me to comment on the New York Times article So When Will Banks Give Loans? Most seem to believe the bank bailout package is part of some complicated scheme by the treasury and Fed to give banks taxpayer money explicitly for takeovers.

Get ready for those two words called Quantitative Easing to dominate the press over the next 18 months as the Federal Reserve attempts to cut off the credit crunch. As the LIBOR stymies the efforts of Fed rate cuts they have limited arrows left in the quiver, and Quantitative Easing is going to look more and more attractive.

First Direct has suspended mortgage lending to new customers. It has made this move following major service issues, after other lenders withdrew similar deals because of credit crunch-related funding issues.

Research Demonstrates Payday Lending Customers Can't be Labeled

On April 29, dozens of the most innovative technology startups in finance and banking will gather at the FinovateStartup conference in San Francisco to showcase the future of banking, lending and finance.

Commercial and business loans are very vital to start a small business. Start up companies need to know the different types of business loans to understand the best ways they can be used to advance a business project.

Mortgage lenders are taking the initiative to restructure home loans on adjustable rate mortgages in an attempt to cut losses. You may be eligible for assistance if you have an adjustable rate mortgage that was originated between Jan. 1st 2005 and July 31st 2007.

It’s easy to get caught up in the holiday spirit and spend more than you should. But with the gift giving season behind us and your credit card bill looming, the reality of overspending has likely started to set in. Don’t panic – here are a few helpful tips from LendingTree.com to help ease your holiday debt hangover:

Freddie Mac (NYSE: FRE) announced today that the company will generally purchase mortgages that are 120 days or more delinquent from pools underlying Mortgage Participation Certificates ("PCs") when:

There is a bad new from First Magnus as it files for bankruptcy. First Magnus website is not longer available and the following message is there standing as the last news from First Magnus, which used to be a major mortgage lender.