Dec 20

CHD Expert Profiles the Top 5 US Menu Types in the Restaurant Industry in relation to the total US Restaurant Market


Chicago, IL (PRWEB) October 30, 2014

CHD Expert, the Chicago-based foodservice data solution provider, has released the latest reports on Menu Types in the Unites States. The top five menu types in number of units are Varied Menu, Pizzeria, Mexican, Hamburgers, and Sandwiches. All data in this release is per CHD Experts database as of October 2014.

Restaurants with the menu type categorized as Varied Menu make up 18% of the US restaurant landscape in relation to number of units. Varied Menu type restaurants often feature a broad base of menu items pulled from a variety of cuisines that have been Americanized, as well as more traditional American fare, such as hamburgers and sandwiches. Rounding out the rest of the top tier of the landscape are the following menu types: Pizzeria (10%), Mexican (8%), Hamburgers (7%), and Sandwiches (6%). See Figure 1.

Although Varied and Mexican Menu types have a high percentage in the Full Service category they have a lower percent of chains in their profile and the majority earn less than $ 1 million a year in annual sales. In terms of independent restaurants, the Varied Menu type ranks highest with over 110,000 total units, or 91% of its menu category. Mexican restaurants are ranked number two at 74% Independent. 45% of the total Mexican restaurants in the United States earn $ 500K – $ 1M in annual sales. Contrary to the Varied and Mexican Menu types, Hamburger joints earn between $ 1 to $ 2.5 million a year in annual sales and are 86% chain operations, containing some of the big Chain Giants in the industry. Figure 2 shows the profile of the top 5 menu types in the US.

To review all five of the profiles on the top 5 menu types, please download our infographic.

CHD Experts data establishes that the more years a restaurant stays open for business, the higher its annual sales tend to be. 67% of the foodservice establishments studied have been in business for over 5 years. Restaurants that have operated for over 5 years are most likely to reach annual sales of over $ 1 million.

The odds are against restaurants as a business, with such a low survival rate and their ability to increase sales in such a competitive market. This low survival rate makes it difficult to get the revenues needed to pay the increasing food, utility, and labor costs.

But there are some winners in terms of survival when it comes to lasting over 5 years in business. Hamburger and Pretzel menu offerings are traditional favorites with a high percentage of their category in business over 5 years. But the leaders are in Irish and English menus as well as the Southwestern and Tex-Mex offerings.

The ability to comprehensively examine annual sales per menu type will help foodservice professionals project future sales for their own organization, as well as effectively visualize the market as a whole, said Brad Bloom, Director of Sales at CHD Expert North America. CHD Expert is proud to offer this important and actionable data to industry professionals to help them support their businesses and make more accurate predictions for growth.

For more information about Menu Types and Annual Sales, please contact Brad Bloom: brad@chd-expert.com.

About CHD North America

CHD Expert is the worldwide leader in collecting, managing, and analyzing data for the Away-from-Home Global Foodservice Market. For almost 20 years, CHD Expert has been dedicated to support Foodservice channel members in providing a global vision and an in-depth understanding of the industry (in Europe, The Americas, and Asia Pacific).

Our objective is to support foodservice suppliers with market solutions for their insights, category management, with sales and marketing initiatives. CHD Expert provides the most comprehensive and accurate foodservice data globally for more than 5 million operators in 50 countries. For additional information, please visit http://www.chd-expert.com or call 1-888-243-0154.







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Dec 17

Wellness takes the Stage at WesternU


Pomona, California (PRWEB) October 22, 2014

Health educators, employers and providers must be the leaders in setting an example of health and wellness, if the United States is to ever pull itself out of a downward spiral of obesity and chronic disease, two wellness experts said at Western University of Health Sciences Tuesday, October 21, 2014.

Dr. David Tillman, Medical Director for MemorialCare Health System of Orange County, and Melanie Cumbee, Manager of Memorial Care Health and Wellness Programs, were the featured speakers at the 6th annual Dr. Philip Pumerantz Distinguished Lectureship, held in the Health Education Center on the WesternU-Pomona campus. The lectureship was established in 2009 in honor of WesternU President Philip Pumerantz, PhD, through a donation from Drs. Elaine and Daljit Sarkaria of Orange.

Cumbee and Tillman stepped in for originally announced speaker Tammie McMann Brailsford, RN, MemorialCares Executive Vice President and CEO, who was battling a cold and laryngitis, and could not appear.

Tillman told a full house of students, faculty, staff and invited guests in HEC Lecture Hall I that health educators must establish an expectation of student wellness and enhance nutrition management education. Employers must create a culture of health and wellness in the workplace, including health benefit designs that help management of chronic conditions, while health care providers should embrace primary care, model wellness, and create interdisciplinary teams to better serve their patients.

Directing his remarks at the hundreds of health sciences students in attendance, Tillman said, You have the power to be the change we need.

Cumbee, in a first for the six-year-old lecture series, got the crowd on its feet early on by ordering a stretch break at one point in her half of the presentation. As ABC by the Jackson 5 played over the loudspeakers, the MemorialCare wellness manager convinced most of those in attendance to step left and right to the music, wave their hands and swing their arms, clap, and stretch to the beat of the music.

Stretch breaks and recess are just two of the tactics MemorialCare uses as part of its wellness program, encouraging employees to take a break from their daily grind and get moving, Cumbee said.

The reasons why thats so important were more sobering, as she revealed with several statistics:

Dec 15

WENR Corporation Announces The Acquisition Of The Superhero Scramble Obstacle Racing Organization, And WENR Changes Its Name To Superhero Scramble, Inc.

Boca Raton, Florida

August 12, 2014 (PRWEB) August 12, 2014 — WENR Corporation (Trading Symbol: WNRC), hereinafter the Company, today announced its acquisition of Superhero Scramble, LLC, as well as control of Couch Potato Events, Inc., its parent company, in a share exchange transaction with the Company.

This acquisition is the first step in the dramatic expansion planned for the Company as it moves forward, as a pioneer in the active entertainment area, with new racing and related activities, as well as special international events.

In commenting on the acquisition, Joel Mason, Chairman and Chief Financial Officer of the Company, went on to explain that as the first public company to move into the active entertainment space in the way we have, we believe we can quickly penetrate new areas. Superhero Scramble, with its large racer-base and history of successful events, will be a wonderful springboard from which to quickly expand.

Superhero Scramble has operated races for about 3 years from New England to Florida, has established a unique obstacle racing personality, appealing to participants with a broad range of abilities and experience.

The Company is issuing approximately 6.6 million of its common shares in connection with this transaction, as well as providing some exciting and unique benefits for each of the tens of thousands who have raced in or attended Superhero Scramble races in the past, or who have registered for upcoming Superhero Scramble events.

Sean Ace OConnor, Co-Founder and CEO of the Superhero Scramble Obstacle Races division, explained that we are excited by the opportunity to become a part of this public company whose roots stretch back for more than 35 years, and give it an expanded purpose and value to an entirely new marketplace. This will give us the platform and support we need to begin to move to the next level, and provide our loyal racers the ability to participate in the growth of our organization in many new ways.

This new relationship is expected to enable Superhero to bring its races to large numbers of people in parts of the world that have an interest in obstacle racing, but dont have an opportunity to participate.

WENR Corporation has also announced the change of its name to Superhero Scramble, Inc., which describes the direction of the expanding organization. The Company also announced increasing the number of authorized common and preferred shares to 300,000,000 and 100,000,000 respectively, to provide for the Companys future growth, based on future acquisitions, new divisions and activities, as well as international activities.

Mark Kallan, Director and CEO of the Company, explained that the world is moving towards new forms of entertainment, and participant events that allow each person to be a key part of the activity. Pure spectator events are taking a second seat to those putting us right in the middle of the action. Superhero Scramble has been an innovator in the past, and plans to be a leader in the future!

ABOUT SUPERHERO SCRAMBLE, INC.

Superhero Scramble, Inc., a Utah corporation (the Company) (OTC: WNRC) previously WENR Corp., is the parent company of Superhero Scramble, LLC, which organizes, operates, and markets obstacle races. In addition, the Company is planning to enter other related areas including international events, television programming, video and internet training activities, merchandise sales, concierge services, and other areas where its expertise can be commercialized. The Company was previously involved in TV and Radio station ownership, cable TV, HDTV, voice, and internet services to targeted communities. WENR was the holding company for ScreenFriends Corporation, offering Voice DVD, providing a voice-activated portal for computer users and a platform for advertisers. The Company was organized in 1978 as Western Energy, Inc. and changed its name to WENR Corporation in 2000.

Forward Looking Statements:

Statements in this press release that are not purely historical facts, including statements regarding the Companys beliefs, expectations, intentions or strategies for the future, may be “forward-looking statements” under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as “plan,” “may,” “expect,” “anticipate,” “intend,” “estimate,” or “continue,” or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding our ability to develop future activities, or to make successful strategic decisions and investments.







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Dec 12

SeniorHomes.com Ranks in the Top 100 Fastest-Growing Companies in Washington State

Seattle, WA (PRWEB) October 20, 2014

SeniorHomes.com http://www.seniorhomes.com/ , a free online resource for seniors and their families searching for senior housing and senior care options, earns distinction as one of Washington States 100 fastest-growing private companies, ranked annually by the Puget Sound Business Journal.

SeniorHomes.com ranks 69th among the top 100 fastest-growing private companies in Washington http://www.bizjournals.com/seattle/blog/health-care-inc/2014/09/washingtons-fastest-growing-private-companies.html , which, together, recorded more than $ 2.08 billion in revenue in 2013. In order to qualify for consideration, companies must have recorded $ 500,000 in revenue in 2011 and demonstrated revenue growth through 2013.

All companies must be privately held during the reporting period and be headquartered in Washington State. Additionally, they may not be subsidiaries of other companies. Revenue growth is calculated as a percentage between 2011 and 2013, and this figure is used to determine each companys rank.

This represents the third such recognition in a string of awards and honors received by SeniorHomes.com in recent months, which COO Jay Goldstein attributes to the companys strong culture and commitment to success. The credit for this accomplishment goes to everyone in our company, Goldstein says. None of this would be possible without the hard work, intelligent insights, and focus on customers (both consumers and providers) that each of our team members brings to SeniorHomes.com every day.

SeniorHomes.com also earned a spot in the prestigious Inc. 5000 http://www.inc.com/inc5000/index.html for 2014, landing at number 678 among 5,000 innovative, successful enterprises. Additionally, the company was recognized in the 23rd annual National Mature Media Awards Program http://www.seniorawards.com/index.html by the Mature Market Resource Center, earning a Silver Award for the National Media Division in the Web Site Category.

Weve put the customer at the forefront from day one, and its allowed us to envision and execute innovative programs, like our Best Senior Living Awards program, the industrys only quantitative-based evaluation system for senior living communities, says Chris Rodde, CEO of SeniorHomes.com. Were honored to receive a distinction so well-deserved by our dedicated team.

Through its directory of more than 80,000 senior living communities, the innovative Best Senior Living Awards program, thousands of expert-written articles, and free Care Advisor service, SeniorHomes.com aids more than three million seniors and their families in their search for senior housing every year.

About SeniorHomes.com

SeniorHomes.com http://www.seniorhomes.com/ is a trusted internet resource for families or individuals looking for senior housing or care. SeniorHomes.com features thousands of expert-written articles, a free care advisor service and a comprehensive directory of care options including reviews and rating data on communities. Launched in 2008, the company educates over 3 million people a year on options available for senior living and senior care.







Dec 10

Zepyor Parseghian Announces A Groundbreaking Solar Energy Option

Los Angeles, CA (PRWEB) October 17, 2014

Zepyor Parseghian and her renewable energy company Solar Servicing Center is adding to its repertoire of options that Southern California consumers can use to get solar panels installed at their homes with a no upfront cost.

Zepyor Parseghians California-based company announced this week that its introducing a zero down financing option in California.

Since 2011, Solar Servicing Center has offered Southern California consumers the ability to lease solar panels and purchase back the power they produce in the form of monthly payments that are rolled into their electric bills. Their brand new option now allows consumers to purchase the solar energy system the company installs on a homeowners roof over an extended period of time, with monthly payments similar to a home mortgage, while still taking advantage of lower cost electricity and no upfront costs, explained Parseghian.

This is an option that we felt that we thought customers would respond well to, Parseghian said. There are people who are more comfortable owning than leasing and with this great new option, we are able to offer it at a per kilowatt hour price that in some cases will be lower than what people are paying through our leasing program.

Customers using the Solar Servicing Centers leasing program have seen savings between 5 percent and 30 percent of what they used to pay for electricity before installing the photovoltaic panels, according to Parseghian.

Solar Servicing Center is lowering the cost of solar electricity by leveraging its scale and low cost of capital to act as a direct lender to its customers through its financing arm. Solar Servicing Center officials say the company installed more residential power systems in the second quarter of 2014 than the next 40 competitors combined.

The purchase option offers customers fixed annual percentage rates as low as 4.5 percent for 30 years. While most solar loans are provided by third-party banks and municipalities in partnership with solar manufacturers and regional installers, Solar Servicing Center is lending directly to customers.

The purchase option allows customers to prepay their entire balance or prepay a portion of their solar loan to lower their monthly payments at any time, with no fees or penalties.

Another advantage of Solar Servicing Centers purchase option is that it requires no lien being placed on the customers home as is the case with some solar energy offerings.

Parseghian said there are two considerations for consumers when evaluating whether the purchase option is appropriate for them.

One is whether the consumers credit score meets the minimum threshold of 680. The other is whether a consumer has a big enough annual tax bill to make purchasing a solar power system worthwhile.

As a specific example, she cited a consumer purchasing a $ 30,000 solar power system. Using the 30 percent federal tax credits available for those installing solar energy system in their homes, the consumer Parseghian cited in her example would need to have at least a $ 9,000 tax bill to take full advantage of the credits.

The purchase option comes with a monitoring service package and a 30-year warranty.







Dec 08

LMU-Duncan School of Law Graduates Continue to Perform Above National First-Time Pass Rates on Tennessee Bar Exam


Knoxville, Tennessee (PRWEB) October 15, 2014

Lincoln Memorial University-John J. Duncan, Jr., School of Law (LMU-DSOL) graduates who sat for the July 2014 administration of the Tennessee bar exam posted a 77.14% pass rate for first-time takers five percentage points higher than the national rate. In total 91% of all LMU-DSOL graduates who have sat for the exam have passed. LMU-DSOL is one of three Tennessee law schools that performed better than the national pass rate for first-time takers on the July 2014 Tennessee bar exam.

I am very pleased with our most recent bar pass results, said LMU-DSOL Dean and Vice President Parham Williams. These results confirm the excellent quality of our program of legal education, and evidence the commitment of our students to become able practitioners of the law. I am proud of them.

The performance of LMU-DSOLs graduates on the Tennessee bar exam shows that the school, which is currently approved by the Tennessee Board of Law Examiners (TBLE) and is seeking provisional ABA accreditation, complies with each of the bright-line bar passage requirements established by the ABA for accreditation, one of which requires that, in at least three of the past five calendar years, 75 percent or more of the students who took the exam the year they graduated passed it. The Tennessee bar exam is administered annually in February and July.

We are delighted with the strong performance of our law graduates on the recent Tennessee bar exam, said LMU President B. James Dawson. Our graduates continue to provide proof of the excellent legal education delivered at LMU-DSOL. Nonetheless, we will use these results to carefully assess our program and look for opportunities to improve as needed. We remain vigilant in insuring that we continue to improve both the bar passage rates and job placement rates of LMU-DSOL graduates.

The mission of LMU-DSOL is to provide the opportunity of a quality legal education to underserved populations. With bar pass results meeting or exceeding national and state averages for both ABA and non-ABA accredited schools, LMU-DSOL graduates have outperformed bar pass predictors — Law School Admissions Test scores and undergraduate grade point average providing evidence that LMU is fulfilling its mission.

The Lincoln Memorial University-Duncan School of Law is located in Knoxvilles Historic Old City Hall Building. LMU-DSOL is an integral part of LMUs values-based learning community, and is dedicated to preparing the next generation of lawyers to provide sound legal service in the often underserved region of Appalachia and beyond. For more information about LMU-DSOL, call 1-800-325-0900, ext. 5303 or visit us online at law.lmunet.edu.

Regarding ABA Accreditation

Lincoln Memorial University-Duncan School of Law has applied for provisional accreditation from the American Bar Association. The law school is not currently approved by the Council of the Section of Legal Education and Admissions to the Bar of the American Bar Association and makes no representation to any applicant that it will receive approval from the Council before the graduation of any matriculating student.

For additional information regarding the process, please see the ABA Law School Accreditation Process. For general information, contact the ABA (http://www.abanet.org/legaled) at American Bar Association, section of Legal Education and Admissions to the Bar, 321 North Clark Street, Chicago, Illinois 60654-7598 or call (312) 988-6738.







Dec 05

Americas Leading Companies Continue to Invest Big in Solar Energy

WASHINGTON, DC (PRWEB) October 15, 2014

Reflective of the growing popularity and increasing growth of solar nationwide, many of Americas leading Fortune 100 companies continue to significantly ramp up their use of clean solar energy, according to the 3rd annual Solar Means Business report, which was released today by the Solar Energy Industries Association (SEIA).

The comprehensive report, which identifies major commercial solar projects and ranks top corporate solar users, shows Walmart at the top of the list for the third year in a row with 105 megawatts (MW) installed at 254 locations.

Rounding out the Top 25 companies utilizing solar are Kohls, Costco, Apple, IKEA, Macys, Johnson & Johnson, Target, McGraw Hill, Staples, Campbells Soup, U.S. Foods, Bed Bath & Beyond, Kaiser Permanente, Volkswagen, Walgreens, Safeway, FedEx, Intel, LOreal, General Motors, Toys R Us, Verizon, White Rose Foods, Toyota and AT&T.

Combined, these blue chip companies have deployed 569 MW of solar capacity at 1,100 locations a 28 percent increase over a year ago and a 103 percent increase since 2012, when the first report was released. Representing a Whos Who of the corporate world, these companies are playing an increasingly important role in the development, expansion and promotion of solar nationwide, while also reducing their operating expenses, benefiting customers and shareholders alike.

What do Walmart, Costco and Apple have in common besides selling cell phones and computers? These iconic brands, and many others like them, are all investing big in solar energy, said SEIA President and CEO Rhone Resch. These forward-looking companies are helping to create thousands of American jobs, boost the U.S. economy and improve our environment. The 1,110 commercial solar systems currently in operation are generating enough clean electricity to prevent 549,296 metric tons of damaging carbon emissions from being released into our air. Thats the equivalent of saving nearly 62 million gallons of gasoline.

Today, IKEA leads all companies in the percentage of their facilities that are solar powered, with nearly 9 out of 10 stores now utilizing clean, reliable and affordable solar energy. General Motors is next in line at 43 percent.

According to the report, the growing adoption of solar by the commercial sector is predominantly the result of consistent price declines. The average price of a completed commercial PV project in Q2 2014 has dropped by 14 percent year over year and 45 percent since 2012. As solar prices continue to fall, more businesses in more states turn to solar to cut operating costs.

Going solar is a smart way for these blue chip companies to increase value for their shareholders, said Nat Kreamer, CEO of Clean Power Finance and SEIA Board Chairman. Businesses are dealing with higher and more volatile electric rates. At the same time, price declines and financing innovations have reduced the upfront cost of solar. These and other factors make solar a sound business decision today, and consistent policies at the state and federal levels will make solar a top three energy source for the U.S. in the future.”

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About SEIA:

Celebrating its 40th anniversary in 2014, the Solar Energy Industries Association

Dec 03

Medical Liability Monitor Publishes 2014 Annual Rate Survey of Medical Malpractice Premiums

Chicago, IL (PRWEB) October 10, 2014

According to just-released data from the 2014 Medical Liability Monitor Annual Rate Survey, the medical professional liability (medical malpractice) insurance industrys premiums continue to slowly erode. Nationwide, internal medicine physicians saw an average rate reduction of 1.6 percent, while general surgeons had a 1.3-percent average rate drop and OB/Gyns saw their rates fall by an average of 1.7 percent.

For almost a decade, medical malpractice insurance rates have been declining while industry profits remain historically high, said Michael Matray, editor of the Medical Liability Monitor. While many attribute the declining rates to increased competition for a shrinking market, the industrys historic profitability has been buoyed by historically low claims frequency and indemnity severity as well as healthy reserve releases. While no one knows when or if claims frequency and severity will tick upward, data suggests there could be another year-and-a-half to two years of reserve releases at levels similar to those released of late. Until those releases come to a conclusion, one can expect this soft market to continue.

According to this years Annual Rate Survey data, a majority of rates did not changeup or downcompared to 2013. Sixty-five percent of all manual rates stayed the same, a 7.4-point increase from the percentage that did not budge last year. As they have since 2006, rate declines significantly outnumbered, and were generally more severe, than rate increases. For the tenth-straight year, most increases were in the 0.1- to 9.9-percent range, a slight increase from the 11 percent of all increases residing in that range last year. A scant 0.1 percent of rates increased in the 10 to 24.9 percent increase range, significantly lower than 2012s 2.4 percent rise for this range. There were no rate increases in any of the larger ranges this year, whereas a very small 0.3 percent of 2013 rates increased in the 25 to 49.9 percent range.

On a regional basis, the Northeast was the only area of the U.S. to see an average increase in rates: an underwhelming 0.1 percent, lower than last years 0.7 percent regional increase. The Western states experienced a 4.1 percent average rate decrease, a noticeably larger fall than the 1.2 percent drop recorded in 2013. Both the Midwest and South had an average 0.7-percent drop.

No one in the industry believes the current situation can continue forever, wrote Chad Karls, author of the Executive Summary to this years Annual Rate Survey. Eventually something will happen to cause a turn in the road. Either rates will eventually if slowly drop so far as to become unsustainable or some unexpected, unpredictable Black Swan event will spark a sudden rush to raise rates aggressively.

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Since 1991, Medical Liability Monitoran independent, industry newsletterhas been surveying the leading providers of medical professional liability insurance (MPLI) for its Annual Rate Survey report. This years survey reports rates from more than 40 companies that represent as much as 75 percent of the physicians malpractice insurance market. It is the most comprehensive report on MPLI premium rates available.







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Nov 30

LANXESS Strengthens High-Tech Plastics Production in USA


Pittsburgh, PA/ Gastonia, NC (PRWEB) August 13, 2014

LANXESS Strengthens High-tech Plastics Production in USA


$ 15 million investment in Gastonia, NC
Second production line expected to start up early 2016
Growing demand for lightweight plastics in U.S. auto market
Investment to further improve balance of polyamide value chain

Specialty chemicals company LANXESS is expanding its Gastonia, North Carolina, compounding facility for high-tech plastics by adding a second production line. The expansion represents an investment volume of about USD 15 million and will double the existing capacity from 20,000 to 40,000 metric tons annually. Construction for the second line is expected to commence in the second half of 2014 with production scheduled to begin in early 2016.

Nov 28

Las Vegas Bankruptcy Lawyers at Aaron & Paternoster Comment On Report About Payday Loan Companies

Las Vegas, NV (PRWEB) October 07, 2014

Some loan companies that offer short-term loans known as payday loans charge interest rates as high as 355 percent, according to an NBC Connecticut article about such companies, news that came as no surprise to Las Vegas bankruptcy attorney Matthew E. Aaron, co-founder of Aaron & Paternoster.

Aaron expressed his comments in response to an article published by NBC about payday loan companies. (NBC Connecticut, Online Payday Loan Borrowers Charge Sky-High Rates, Sept. 10, 2014)

Predatory payday loan companies often take advantage of people who simply need a little extra money on short notice, Aaron said. We realize banks and other financial institutions must charge interest to lend people money. But when the interest people pay on these loans adds up to far more than the original loan, such practices go far beyond the bounds of whats acceptable and allowed under the law. Thats why we applaud the efforts of state officials taking legal action against payday loan companies that violate the law. This article also reminds that consumers need to be extremely careful before they agree to borrow money from any payday loan company.

Payday loan companies are only allowed to charge a certain percentage rate for such loans, according to NBC Connecticut. Specifically, the legal limit is 12 percent in Connecticut. The Connecticut Department of Banking investigated several loan companies that charge more than 12 percent for payday loans. Earlier this year, the state reached a settlement with two such companies found to be in violation of the law, according to NBC Connecticut.

Federal law limits the interest rate payday loan companies can charge military families nationwide, according to an article published by KSNV News 3. (KSNV News 3, Nevada’s pay day loan rate among highest in country, April 22, 2014) The limit is 36 percent, KSNV News 3 reported.

But not all states have limits on interest rates charged by payday loan companies. In Nevada, there are no limits, KSNV News 3 reported. As a result, a study conducted by the Pew Charitable Trusts found that Nevada payday lenders charged an average of 521 percent annual interest on their loans, KSNV News 3 reported.

The Connecticut Department of Banking also warned consumers about the dangers of borrowing money from payday loan companies owned by Native American tribes, according to the NBC Connecticut news report.

They say you can’t touch us because we’re on an Indian reservation, said Howard Pitkin, commissioner of the state Department of Banking, as quoted by NBC Connecticut. Tribal sovereignty.”

Many people probably dont realize just how expensive or risky paydays can be, according to Las Vegas, NV bankruptcy attorney Glenn A. Paternoster, co-founder of Aaron & Paternoster.

Many people are forced to file for bankruptcy because of the financial burden of payday loans, Paternoster said. While a payday loan might seem like a solution to a short-term financial problem, they often end up costing people more money and problems in the long run. There are many companies out there that take advantage of hard-working people throughout Nevada. Thats why we take these cases so seriously and work so hard to hold companies accountable for their actions.

For more information about what to do if you believe youre a victim of a payday loan company in Nevada or California and the legal options available to families, call (702) 384-411 or go to: http://www.aaronpaternoster.com/contact-us/

About Aaron & Paternoster

Located in Las Vegas and serving clients throughout Nevada and California, the experienced lawyers at Aaron & Paternoster have a well-earned reputation for being knowledgeable, dedicated attorneys in Las Vegas, NV that get the job done right. Founded in 1996, the law firm handles a wide range of legal cases, including car accidents, truck accidents, motorcycle accidents, property accidents, casino accidents, bankruptcy, workers compensation and other cases. Aaron & Paternoster is committed to helping injury victims obtain the compensation they rightfully deserve. Our firm works on a contingency fee basis. That means clients do not pay any fees if they dont win.

Aaron & Paternoster

2300 W Sahara Ave #650

Las Vegas, NV 89102

(702) 384-4111

http://www.aaronpaternoster.com







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