Monthly Archives: December 2013

Loans piled up between banking officers

Posted by & filed under Commercial Loans.

James Keegan, who succeeded Ladio as president and chief executive of MidCoast, said the bank would not comment on an employment matter or internal business activities. Ladio hired Bailey at MidCoast in 2010 after Bailey left Wilmington Trust. But Robert Aerenson, a MidCoast director, said the bank was not aware of the lending relationship between […]

Business briefs, 12/26

Posted by & filed under Commercial Loans.

Copland House awarded NEA grant CORTLANDT – Copland House, the center for American music based at composer Aaron Copland’s National Historic Landmark home, received a $10,000 grant from the National Endowment for the Arts, Acting Chairman Joan Shigekawa announced. The competitive grant is one of three awarded to Westchester County arts organizations. The grant will […]

Payday loans company fined for spamming mobile owners

Posted by & filed under Payday Loans.

Ever had an annoying payday loans text? Well justice is being served. Payday loans company First Financial has suffered something ofa smackdown for sending millions of unlawful spam texts. The Information Commission Office (ICO) slapped the money lenders with a penalty of pound;175,000 after an investigation discovered it was acting unlawfully. First Financial sent messages […]

Berkshire Hills Bancorp, Inc. (BHLB): Warren Buffett Would Love Our Top Long …

Posted by & filed under Commercial Loans.

Berkshire Hills Bancorp (BHLB) popularly known in our part of Massachusetts as the Berkshire Bank, is a financial institution with 75 full-service branches in Massachusetts, Vermont, New York and Connecticut. In addition, the bank has 10 residential and commercial offices in eastern and central Massachusetts. HistoryThe Berkshire Bank has been around since 1846 and is […]

Payday loans questioned

Posted by & filed under Payday Loans.

Payday loans questioned Ruby Mendez and representatives of the 91.9 LaVos Latina Radio Station met with the Rupert City Council to discuss payday loans. Mendez says the group has no interest in shutting down the businesses. “We’re not trying to get rid of them. What we want them to do is to practice fair lending […]

No holiday cheer when payday loans comes due

Posted by & filed under Payday Loans.

Make no mistake, most payday loan users are regulars. A report this year by the federal Consumer Financial Protection Bureau found that almost 90 percent of storefront payday loans go to borrowers with seven or more transactions a year. Repeat customers are the cash cow. If payday lending worked as it is often portrayed #x97; […]

Popular payday loans still causing trouble

Posted by & filed under Payday Loans.

Since Ohio tried clamping down on short-term, high-interest loans five years ago, many payday lenders have continued operating without interruption. In Stark County, payday lenders such as First American Loans, Check Into Cash, Cash Land and Advance America can be found nearly every half mile along the major corridors, tucked into strip malls and shopping […]

The bipartisan budget deal won’t stop the next debt ceiling crisis

Posted by & filed under Debt.

ongress is about to spar over the debt ceiling again… really. Though Republicans will likely offer a more realistic ransom list than the one they floated in October which read as if the party believed Mitt Romney had won the election the GOP, spurred on by its win on Paul Ryan and Patty Murrays budget […]

Florida Student Debt Average Lower Than Other States

Posted by & filed under Debt.

In a college town like gainesville, student loan debt is a hot topic. A new report released this week shows a large variation of student debt between states and universities. The national average student debt is about $29,000. The State of Florida comes in at about $20,000.   The amount of money borrowed by students in the […]