Random Feed wrote an interesting post today on
Here’s a quick excerpt
Court Orders Websites to Halt Payday Loans February 25, 2009 by Joe Finance In a not too surprising move, U.S District Court has ordered seven online payday lenders to cease offering payday loans. The move isn’t all that unexpected considering the array of laws broken by these lenders. Seems a few rotten apples are spoiling the barrel. The companies were not being compliant with many laws. Loan terms and rates were not disclosed properly. Abusive collections practices were implemented

Read the rest of this great post here