June, 2010
FDIC pilot program urges banks to compete with payday lenders
A pilot program designed for banks to provide alternatives to payday loans has been developed by the Federal Deposit Insurance Corporation (FDIC. The FDIC issued a report June 24 about the final results of the small dollar loan pilot program launched in 2008. The FDIC determined that the program was successful. However, bank parameters for ...
Summer solstice ideal day for clean energy to promote solar power
Summer solstice 2010 could be a turning point for the solar energy industry as well as a seasonal transition. A California utility holding company chose the summer solstice, when the sun shines longer than any other day, to announce a $ 100 million fund to finance solar power systems for the home. The summer solstice ...
South Carolina House turns down payday loans bill veto
Last week, Mark Sanford, the governor of South Carolina, exercised his veto power on H.3790, a payday loans bill that would have made the standard repayment period 120 days instead of the common 14 without increasing the total fees charged by lenders. Furthermore, H.3790 would have eliminated secured loans in South Carolina and outlawed the ...
With low retail sales, the rising consumer confidence calms volatile stocks
Retail sales dropped in May, and the stock market dropped along with the data delivered by the Commerce Department retail sales report. The new normal is now stock market volatility. Before reversing direction early Friday when the May retail sales report was released, the stock market rose at the end of the day Thursday. A ...
Eating in a car will come back to haunt you
Eating in a car, unless you are into scrubbing all interior surfaces with antibacterial cleansers, can literally make you sick. According to the Daily Mail, British accessories company Halfords conducted a study on consumer cars in which they found germs that cause food poisoning, skin infections and par break emission. Staphylococcus, bacillus and other harmful ...
