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Interview with David Farias - Founder, FYGO.com
Payday loan opponents caution people against taking payday loans. We interviewed David to better understand the practice and viability of an emerging source for loans: The Internet social lending network.
Industry preys on Alabamians March 19 - Montgomery, Alabama - Starting later this year, payday lenders who prey on the working poor in Alabama, charging unconscionable interest rates of 450 percent or more, won't be able to do so for those Alabamians who serve in the military.
Payday lenders hope to return in Georgia March 18 - Atlanta, Georgia - When the Georgia General Assembly opened for business in January, representatives of the payday lending industry walked in the Capitol's door, eager for another battle. . . . the return to Georgia was a bold move.
Payday lenders, state reach deal on curbing fees March 18 - Phoenix, Arizona - The state's payday lenders have agreed to sharp new curbs on their practices and fees in exchange for ensuring they are not forced out of business in three years.