Payday Loan News for 01/10/2007



Lawyers for payday lenders allege selective prosecution - Access North Georgia

Lawyers for payday lenders allege selective prosecution
Access North Georgia, GA - Jan 8, 2007
And Glenn, who owned Money Now, started allowing customers to purchase an option to buy a parcel of real estate he owned _ essentially, "payday loans in .
Pot calling the kettle black Macon Telegraph
all 10 news articles
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Payday Loans, Rather be Safe Than Sorry
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City Council Puts Hold On Payday Loans - MyFox Kansas City

City Council Puts Hold On Payday Loans
MyFox Kansas City, MO - Jan 4, 2007
If you think you need to borrow some money, the Federal Trade Commission has good information about payday loans on the internet and alternatives that won't .
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Washington Fines Payday Lenders Record $1.2 Million; Companies . - RTO Online

Washington Fines Payday Lenders Record $1.2 Million; Companies .
RTO Online, MO - Jan 5, 2007
DFI ordered both companies to stop making loans that exceed the legal limit. The department intends to revoke both licenses to offer payday loans in .
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Saxton, Council look at payday loan limits - Salt Lake Tribune

Saxton, Council look at payday loan limits
Salt Lake Tribune, UT - 12 hours ago
Nancy Saxton wants to crack down on payday loan companies that provide short-term loans and charge annual interest rates of up to 550 percent. .
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Salt Lake toying with limits on payday lenders (Deseret Morning News)
You've seen the commercials: If you're short on cash, stop by with a post-dated check and we'll loan you what you need, with interest as high as 500 percent annually...

Payday loans due for a fall? (Richmond Times-Dispatch)
Cynthia Smith is a fan of payday-loan outfits, despite interest rates 10 times what other lending institutions can charge. "I think it's wonderful for peo ple that need the money," Smith said as she left a payday-loan branch on West Broad Street in Richmond. "A lot of people live day to day."..

Lawyers: Payday lenders being singled out (Macon Telegraph)
Attorneys for two "payday" lenders told Georgia's highest court Monday that their clients were singled out for prosecution while out-of-state companies were left alone...

ALABAMA VOICES: State's Small Loan Act should cover payday loans - Montgomery Advertiser

ALABAMA VOICES: State's Small Loan Act should cover payday loans
Montgomery Advertiser, AL - Jan 5, 2007
I applaud the Montgomery Advertiser for its series on payday loans, and I have reviewed the letter from Darrin Andersen, president of the Community .
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Payday loans due for a fall? - Richmond Times Dispatch

Payday loans due for a fall?
Richmond Times Dispatch, VA - 16 hours ago
John M. O'Bannon III, R-Henrico, to repeal the Payday Loan Act of 2002, which legalized the short-term, high-interest loans. .
Payday loans back on the General Assembly agenda WAVY-TV
Car title loans next on agenda Daily Press
Citizens protest payday, car title lending Daily Press
Roanoke Times - Daily Press
all 6 news articles
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The Trick to Payday Loans
There are a few requirements that bad credit cash advance loan lenders will need from you, one is your income and employment details, identification, and you must be over the age of 18. Generally the bad credit cash advance payday loan ...

Car title loans next on agenda (Daily Press)
Advocates for the poor say regulating the industry would legitimize it. Another battle is brewing in the General Assembly over the future of car title lending, a controversial business that critics say hurts the poor...

Gray: Payday-loan stores should 'pack up and leave' (The Arizona Republic)
Sen. Chuck Gray, R-Mesa, introduced a bill Tuesday that would limit payday-loan store interest rates to 36 percent annually, including fees and fines...

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Payday lending still pays - East County News

Payday lending still pays
East County News, OR - Jan 4, 2007
Set up a database to track consumers who take out payday loans. This would enable enforcement of SB 1105s requirement that consumers take a seven-day break .
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The Trick to Payday Loans
Most responsible payday lenders offering bad credit cash advance payday loans limit the roll-overs to a maximum of three for each loan. With each renewal on bad credit cash advance payday loans, you must pay at least a small amount off ...

Washington state fines payday loan companies $1.2 million - Longview Daily News

Washington state fines payday loan companies $1.2 million
Longview Daily News, WA - Jan 6, 2007
Pentagon officials have supported congressional efforts to limit the interest on payday loans to troops at 36 percent nationwide, and a number of states .
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Saxton, Council look at payday loan limits (The Salt Lake Tribune)
Nancy Saxton wants to crack down on payday loan companies that provide short-term loans and charge annual interest rates of up to 550 percent. The Salt Lake City councilwoman has asked for - and received - support from the City Council to pursue an ordinance to limit the number of the check-cashing businesses...

Payday lending law faces test before Georgia Supreme Court - Access North Georgia

Payday lending law faces test before Georgia Supreme Court
Access North Georgia, GA - Jan 7, 2007
And Glenn, who owned Money Now, started allowing customers to purchase an option to buy a parcel of real estate he owned _ essentially, "payday loans in .
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Payday loan company fined (Whidbey News-Times)
A company that has a cash-advance branch office in Oak Harbor is one of two businesses that may have to pay a record $1.2 million in penalties and could be forced out of the state...

YOUR VIEWS: Avoid getting EUR˜payday loans - LaCrosse Tribune

YOUR VIEWS: Avoid getting EUR˜payday loans
LaCrosse Tribune, WI - Jan 9, 2007
Lacking resources and financial education, families are vulnerable to money traps such as payday loans, a quick growing form of predatory lending in America .
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Payday loans back on the General Assembly agenda (WAVY 10)
On a busy Hampton street, a small, yet vocal group wants drivers to stop and pay attention. "Shut 'em down!" they yelled...

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Payday Lending Law Faces Test Before Georgia Supreme Court (NBC 26 Augusta)
Georgia's new crackdown on ``payday'' lending is facing a stiff test as two financiers charged with 49 violations of the law are asking the state's highest court to strike it down...

Quick cash payday loans within payday
Quick cash payday loans or cash advance payday loans are loans of a small amount, taken for a short duration of time and generally of high interest rate. These types of loans are generally meant to be paid off on the next payday. ...

Citizens protest payday, car title lending (Daily Press)
Rev. Marcellus Harris, president of the Coalition for Justice, says the group will be in Richmond Wednesday to protest payday and car title lending...

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With instant payday loans, things like getting into a vacation to be stress-free, getting into holidays with friends or buying those ideal wardrobes on a nearby shop is simply easier to do. You already have the cash needed for spending ...



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