In its 10-k, MetaBank reports that its 2011 earnings fell 63 percent year-over-year.

Overall, earnings dipped from $12.4 million in 2010 to just $4.6 million in fiscal year 2011.

MetaBank attributes that performance to the problems in its MPS division. MPS is a (more…)

Editor’s note: This is a guest post by Daniela Baker, the editor of CreditDonkey.Com. CreditDonkey is a personal finance blog.

A new survey by the Federal Deposit Insurance Corporation has found that about one in thirteen Americans does not have a checking or savings account. The survey found that over a quarter—24.6 percent—of all American households either don’t have a checking or (more…)

BillFloat, a Bay Area startup, has a new unsecured credit service that pays bills for consumers without directly advancing cash into their pockets.

ABC News/USA Today recently mentioned the company among a variety of new options out there to help people get options beyond payday loans. While (more…)

Bank of America  has reached a 5-year agreement to offer a large line of credit to one of America’s largest payday lenders.

In an SEC filing distributed to the public last week, payday lender Advance America (more…)

The national media says that pawn shops are riding the wave of down-and-out consumers all the way to the bank. The idea seems to be that pawn shops are a better deal than any of the low-margin retail (more…)