Dollar Financial reports that it has secured a renewal on its current line of credit. In an announcement dated December 30th, Dollar (ticker: DLLR) said that the new line will afford it more flexibility and on favorable terms.

The $200 million line is offered by a syndicate and facilitated by Wells Fargo. The line can be used (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…)

Community Choice Holdings, the parent company of payday lender Check$mart, says that it will seek to make an initial public offering of its stock.

The news gives a glimpse into the operations of the company. Check$mart says that prepaid “is one of our fastest growing businesses.” They have 95,000 prepaid accounts. Although the application form for the prepaid card does not (more…)

World Acceptance Corporation (more…)

The Office of the Comptroller of the Currency (OCC) issued a proposed rule that will allow credit products to return to debit cards.

I have suspected that the credit issue was far from resolved. The Office of Thrift Supervision (OTS) issued a directive last fall that forced MetaBank to pull its i-advance product. I-advance was a short-term credit product offered to customers that attached a regular direct deposit to their debit cards. The costs were (more…)