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The most states have already passed through payday lending regulation that mostly affected interest rates. However, the Congress of Mississippi has stalled the bill concerning payday lenders due to the fact that legislators just can't negotiate about the common terms.

Well, the critics of Mississippi House Bill 455 consider that payday loan lenders will be absolutely banned only if the APR will be declined to 36%, though, it seems to be untenable due to the numerous studies.

The critics of no credit check payday loans consider them unlawful and exorbitant. Are payday lenders really usurious?

The federal mortgage modification program was targeted for criticism as a failed program as the procedural issues are hampering the foreclosure process nationwide, while foreclosures on defaulted mortgage loans declined.