It was bad enough when the Legislature didn’t pass bills earlier this year to rein in some of the predatory practices of payday lenders in our state.

Now, we find out the agency that’s supposed to enforce the sparse existing regulations on payday lending has been remiss.

Legislative Auditor Daryl Purpera has issued a report showing that from Jan. 1, 2010, to June 30, 2013, the Louisiana Office of Financial Institutions issued more than 8,300 citations to lenders, but did not impose any penalties for violating state laws and regulations.

The law allows for up to $1,000 in fines per violation and suspension of the license of lenders.

But these thousands of citations...

HARRISONBURG, Va. (WHSV) — Leaders have launched a new program to make it easier for people to buy their first home.

If youre a recent college graduate battling massive student loan debt, or someone purchasing a house for the first time, you could be eligible for a tax break.

This new law will allow anyone living in Virginia to set aside up to $50,000 toward the closing costs on a new home tax-free.

The program is great for first time home buyers or people struggling with down payments due to loans and other debt. It does not require people to open special accounts at any banks.

John Bowman, a Realtor at Old Dominion Realty, said its going to open a lot of doors...

AMHERST, NY (WIVB) Detectives say a suspect who stole credit cards from a vehicle in May used those cards in the Rochester area.

The theft occurred in a parking lot at the athletic fields near Erie Community College in Amherst. Police released photos of the woman suspected of using the stolen credit cards on Tuesday and are working to identify her.

If you have any information, call 689-1339.

If you want to fix something in Texas, go to Washington.

At least that’s the case with payday lending, the practice of luring the working poor into a two-week loan that lasts for five months and costs an arm and a leg.

Payday loans are marketed as a short-term fix. But 4 in 5 are renewed rather than repaid as scheduled.

In Texas, an average $300 payday loan generates $701 in fees, the highest surcharges in the nation, according to the Pew Charitable Trusts. About 1.5 million Texans use payday loans annually, yet Austin lawmakers have repeatedly failed to cap interest rates or set other limits.

That pro-business gravy train may be coming to an end.

Last...

The New Yorker was boarding a plane from Fort Lauderdale to Texas when an X-ray machine detected something strange in a carry-on bag. It turned out to be a stack of counterfeit credit cards, according to the Broward Sheriffs Office.

Gregory Guillaume, 23, of Elmont, NY, was going through a TSA security checkpoint in Concourse H at Fort Lauderdale-Hollywood International Airport around 9:30 pm Thursday. He was boarding Spirit Airlines Flight 971 to Dallas, investigators said.

TSA officers noticed a large object on the X-ray screen and opened Guillaumes bag. They found a bundle of more than 50 credit cards. They all bore the name Joseph Katta, but the magnetic stripes on the cards...

For the second time in as many years, the Consumer Financial Protection Bureau (CFPB) has fined a major payday lender. On July 10, Director Richard Cordray announced that one of the nation’s largest payday lenders, ACE Cash Express, will pay $10 million in restitution and penalties for directing its employees to create a sense of urgency when contacting delinquent borrowers. This abusive tactic was used to perpetuate the payday loan debt trap.

CFPB has ordered ACE Cash Express to provide consumers with $5 million in refunds and the same amount in penalties for its violations. The firm operates in 36 states and in the District of Columbia with 1,500 storefronts, 5,000 associates...

Texas-based ACE Cash Express, a large payday lender with a franchise store in Hattiesburg, has been hit with $10 million in penalties from the fledgling Consumer Financial Protection Bureau.

ACE Cash Express, CFPB Director Richard Cordray charges, was “relentlessly overzealous” in pursuit of overdue borrowers. ACE Cash Express unlawfully called employers of tardy borrowers and threatened borrowers with lawsuits and criminal prosecutions

ACE Cash Express is the largest owner and operator of check cashing stores in the United States and the second largest payday lender.

» READ MORE: State regulators probe All American Check Cashing on suspicion of violating...

Sales of existing single-family homes rose 2.5 percent to 4.43 million in June from Mays adjusted 4.34 million. Condo and co-op sales also edged up 3.4 percent to 610,000 apartments in June, up from Mays adjusted 590,000.

NAR noted that home inventory rose significantly too, easing up the pent-up demand from the first few months of 2014. Total housing inventory was up 2.2 percent to 2.30 million houses in June. This represents a 5.5-month supply at the current pace of sales. Prices also gained 2.3 percent on a year-over-year basis in June.

Inventories are at their highest level in over a year and price gains have slowed to much more welcoming levels in many parts of the country....

Although credit card perks vary widely, the overwhelming majority of rewards credit cards give the user travel insurance coverage. Among rewards cards from major issuers, nearly all offer travel accident insurance and almost 80% offer luggage insurance, according to the website CardHub.com, and all of the major networks — Visa, MasterCard, American Express and Discover — provide coverage for rental cars, with Visa, AmEx and Discover offering at least some form of coverage on all their cards.

A womans credit cards disappear out of her purse while shes eating lunch at a Bellevue restaurant. Then hours later a suspect is seen racking up thousands of dollars in purchases at several area stores.

Bellevue Police say the suspect is seen on surveillance leaving the Target store at 72nd and Dodge in Omaha after using the stolen credit cards. But before her trip to Target, the same woman is seen on surveillance video using the stolen cards at the Walmart in Bellevue and the Lowe’s in Papillion.

The victim was with a group of people eating at Panera Bread in Bellevue with her purse hanging over the back of her chair earlier in the day. Police say someone was able to remove...