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    The Arkansas Supreme Court ruled Thursday that the 1999 Check Cashers Act "unmistakably" allowed payday lenders to charge triple-digit interest rates in violation of the state constitution.
  • J.P. Morgan to refinance risky mortgages (Moldova.org)
    J.P. Morgan Chase & Co. says it will modify the terms of $70 billion in troubled, mostly adjustable-rate mortgages it holds.The New York bank inherited many of the loans as part of its September purchase of a failed competitor, Washington Mutual Inc., and its move will cover as many as 400,000 borrowers. J.P. Morgan said Friday the borrowers will be moved into loans carrying lower interest ...




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