Monthly Archives: March 2021

Little Tokyo Community Council Statement

Following the shooting deaths of eight people in Atlanta, including six Asian women, and the numerous unprovoked verbal and physical attacks on Asian Americans over the past year across the country, the council of The administration of the Little Tokyo Community Council strongly condemns the assaults on our communities and …

Read More »

Google bans payday loan advertising

Google released a update of its personal loan advertising policy which will impact many advertisers across all financial industries. According to Google, ads and websites promoting dangerous payday loan offers will not be able to advertise with AdWords. … We ban advertisements for payday loans and certain related products from …

Read More »

Complaint Data March 2016 to 2017, Payday Loans

Wonga is a payday loan company. Nick Ansell Archives PA / Images PA Complaints about payday loans – short-term loans with high interest rates – have tripled in the past year because of their ease of obtaining. An annual report from the Financial Ombudsman Service, more commonly known as the …

Read More »

Dot Loan Brand Owner Cancels Loans After Breaches

Shelby Finance has not provided a summary of loan statements to more than 15,000 customers as required by law. Three violations occurred between August 2018 and July 2019, with Shelby Finance reporting them to the CMA in September 2019. The AMC has concluded that violations may have negatively affected client …

Read More »

Shelby Finance forced to cancel loans

Written by: Emma Lunn 07/07/2020 The payday lender was ordered to write off the loans after failing to provide customers with important information. The Autorité de la concurrence et des marchés (CMA) took action after discovering that Shelby Finance had failed to provide loan statement summaries to more than 15,000 …

Read More »

CFPB removes some consumer protections for payday loans

Federal regulators have finalized a new rule for payday lenders that removes a key provision developed under the Obama administration. Under the revised rule, lenders will no longer have to verify that borrowers can repay their loans when due. Consumer advocates say without this protection borrowers are often trapped and …

Read More »

Alberta Payday Loan Crackdown Squeezes Industry

Alberta’s payday lending industry is contracting after the province cracked down on businesses often accused of predatory lending, although dozens remain in Calgary. The number of licensed payday lenders in the province has fallen to around 165 in recent weeks, dropping 25% from 220 before the province forced changes on …

Read More »