In a sector where relative differences in competing products can range from bad to really bad, World Acceptance has a payday loan product that uses accounting tricks to mask where its consumer installment loans fit on that spectrum.

World Acceptance keeps the books on its high-cost loans using an unusual accounting (more…)

Only about one-half workers have a job that offers a retirement savings plan. Of that minority, only forty percent choose to participate. Less than seven percent “max out” on their 401 (k).

For people that live to be 65, odds are that they will survive for at least another two (more…)

Fannie Mae is back from the dead, having reported that its quarter-2013-over-quarter-2012 net income tripled.  When coupled with a large gain from a positive development on future tax (more…)

While initial disclosures linked a California bank to the Jackson Hewitt Smart Line of Credit, the most recent information about one of this year’s tax time loans connects it to B of I Federal Bank.

Yet more review suggests that Jackson Hewitt may have published inaccurate information on its disclosure. B of I says that it does not have a relationship with the Smart Line.

BofI Federal Bank, a holding company for the Bank of the Internet, a thrift from San (more…)

Here is a humorous take on a new pitfall in the ongoing effort to address the impact of foreclosures across our country.

The term “zombie foreclosure” describes a unique situation where a bank, upon foreclosing upon a homeowner, never proceeds to take ownership of a home. Normally, of course, after a bank forecloses they buy the property and then sells it (more…)