You are here

payday lending

February 28, 2011

A bill that would cap interest rates on short-term consumer loans advanced out of Senate subcommittee last week. The bill will now go before the entire chamber this week.

The state Division of Banking says that there are 231 Delayed Deposit Services Businesses in Iowa. The Division released an amazing metric about the concentrated use of these loans among a select

January 19, 2011

A MetaBank 8-K filing says that the OTS may require the Iowa thrift to compensate its former iAdvance customers.

MetaBank says that the OTS is preparing a cease-and-desist order. Their speculation, which has to be fairly substantive if it is released to investors, is that there will be civil money penalties. MetaBank's message to its

August 10, 2010

MetaBank's business model is driven by high fees and high margin loans.

MetaBank is a billion dollar institution tucked away in Storm Lake, Iowa. It is not a familiar name. Its only branches are in Iowa and South Dakota, and even in those states it is not a big name bank.

May 6, 2010

More on-the-ground evidence that housing is still soft.  Initial reports from Census 2010 show that 19.2 million homes are vacant.  Some of those homes may be for sale

Pages