http://www.synapticdatabase.com/IndustryJournal Inside the technical mind of Synaptic Database Tue, 06 Jul 2010 22:12:20 +0000 http://backend.userland.com/rss092 en Financial Reform Falling Under Criticism For “Missing The Mark”  by Gabriel Rodriguez Millions of hard-working Americans will soon be facing some drastic changes to their already limited finance options soon if a new proposed financial reform bill is passed.  Although many hard working families already find it tough ... http://www.synapticdatabase.com/IndustryJournal/financial-reform-falling-under-criticism-for-%e2%80%9cmissing-the-mark%e2%80%9d/ Are Government APR Caps Eliminating Competition Among Payday Lenders? by Gabriel Rodriguez A payday loan is generally defined as a short-term loan that is usually paid back on the borrowers next payday. These short-term loans (also commonly referred to as a payday advance loan) are offered ... http://www.synapticdatabase.com/IndustryJournal/are-government-apr-caps-eliminating-competition-among-payday-lenders/ The Truth Behind The Numbers: What APR%’s REALLY Mean by Gabriel Rodriguez One of the most frequent objections to the payday lending industry from opponents is that the APR’s (Annual Percentage Rate) are “too-high“. Those who stand so strongly against the payday loan industry have usually never taken out ... http://www.synapticdatabase.com/IndustryJournal/the-truth-behind-the-numbers-what-apr%e2%80%99s-really-mean/ Subprime Mortgage Collapse Leads To Tightened Financial Regulations For All By: Gabriel Rodriguez Currently our Senators are debating the creation of a stand-alone government agency to protect American consumers from the aftermath of another subprime mortgage collapse. This proposed agency (CFPA) would be regulating and overseeing a vast breadth ... http://www.synapticdatabase.com/IndustryJournal/subprime-mortgage-collapse-leads-to-tightened-financial-regulations-for-all/ Small Businesses Fearing Proposed Financial Regulations By: Gabriel Rodriguez In the wake of the subprime mortgage collapse, and amidst the proposed consumer financial protection bill, it seems that small businesses are finding it tougher and tougher to get access to small business credit. This seems to be one of ... http://www.synapticdatabase.com/IndustryJournal/small-businesses-fearing-proposed-financial-regulations/ Who Is Writing Our Proposed Consumer Protection Bill? By: Gabriel Rodriguez Recently the media has begun to criticize those involved in writing the consumer protection language for the proposed financial reform legislation, or Consumer Financial Protection Agency (CFPA). Although coverage has begun to gain steam in the last few weeks, possibly ... http://www.synapticdatabase.com/IndustryJournal/who-is-writing-our-proposed-consumer-protection-bill/ Opposition Grows Against New Consumer Financial Regulation Agency by: Gabriel Rodriguez Consumer Financial Protection Agency: an overview,” the creation of the Consumer Financial Protection Agency (CFPA) was marketed as a precautionary step to protect consumers from “predatory” lending practices, and to help avoid another economic meltdown, reports Pay1Day.com. Protecting working ... http://www.synapticdatabase.com/IndustryJournal/opposition-grows-against-new-consumer-financial-regulation-agency/ Big Banks Now Offering Short-Term Cash Loans: By Gabriel Rodriguez Due in part to looming and uncertain regulations this year big banks are starting to look to new products and services in an attempt to minimize potential losses in the wake of these upcoming regulatory changes. Whether ... http://www.synapticdatabase.com/IndustryJournal/big-banks-now-offering-short-term-cash-loans/ Big Banks Prepare for Regulation E:  By Gabriel Rodriguez According to a Press Release from the United States Federal Reserve Board, big banks are in for some big changes this summer. Regulation E, in summary, is a new regulation that will go into effect July 1st, 2010. ... http://www.synapticdatabase.com/IndustryJournal/big-banks-prepare-for-regulation-e/ Consumer Credit Options Trampled in Push for Financial Regulation By: Gabriel Rodriguez The newly proposed and widely debated creation of a Consumer Financial Protection Agency (CFPA) under house legislation (H.R. 4173) have critics questioning how its regulation could realistically help the current state of economic crisis and its potential for limiting ... http://www.synapticdatabase.com/IndustryJournal/consumer-credit-options-trampled/