Payday Loan News for 01/13/2007



Federal Reserve, "Payday Lending Not Predatory"; Soon to be . - RTO Online

Federal Reserve, "Payday Lending Not Predatory"; Soon to be .
RTO Online, MO - Jan 12, 2007
EURœHouseholds with uncertain income who live in states with unlimited payday loans are less likely to have missed a debt payment over the previous .
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Utah Media Advisory on Payday Lending (PR Newswire via Yahoo! Finance)
The Payday Loan Industry is misunderstood...

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...

Avoiding Payday Loans for Credit Repair
Payday loans offer you a loan against your paycheck, but the downside is your will be paying high fees for getting the loan. Therefore, you are wasting money and . Again, payday loans are not the answer and only cause more problems. ...

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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Lawmakers push 36% cap on payday loan interest - Arizona Capitol Times

Lawmakers push 36% cap on payday loan interest
Arizona Capitol Times, AZ - Jan 11, 2007
Chuck Gray, R-19, filed a bill placing a 36-percent cap on interest made from payday loans. Gray said he expects S1066 to get wide bipartisan support. .
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The Trick to Payday Loans
With each renewal on bad credit cash advance payday loans, you must pay at least a . Payday loans or cash advances are one of the quickest ways to get hold of . For more information regarding payday loans do not hesitate to visit my ...

Payday loans back on the General Assembly agenda - WAVY-TV

Payday loans back on the General Assembly agenda
WAVY-TV, VA - Jan 9, 2007
"We're out here, trying to bring public attention to this atrocity which is called payday lending," said Rev. Marcellus Harris, president of the Coalition .
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Payday Loans: Choose The Source Carefully! - American Chronicle

Payday Loans: Choose The Source Carefully!
American Chronicle, CA - 16 hours ago
Payday loans are quite expensive financial products but they are meant to solve a temporary lack of founds when you dont have the time for credit checks or .
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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...

Woman sentenced for stealing money using fake loans (WSLS Newschannel 10 Roanoke)
A Lynchburg woman who embezzled $8,000 from a payday loan business will serve 10 days in the Amherst County Jail. Lashaun Patrice Smith, 33, pleaded guilty in Amherst Circuit Court on Tuesday and was sentenced to 13 years in prison. All but 10 days were suspended...

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."..

S.C. House to look into payday lending limits (The State)
S.C. House members will soon consider limits on payday lending, including caps on annual interest rates and restrictions on the number of loans consumers can hold...

Lawmaker wants GAO study on defense lending - Washington Post

Lawmaker wants GAO study on defense lending
Washington Post, DC - 22 hours ago
Stewart Upton said the department will continue to work hard to limit the impact of payday lenders. "Predatory loans, particularly those that can accelerate .
US lawmaker wants GAO study on defense lending Reuters
all 4 news articles
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Advantages and Disadvantages of Fast Cash Loans
There are countless opportunities available to you including no teletrack payday loans verification and 1000 no teletrack payday loans. Getting your cash advance greenville south carolina was hard work. Now, come visit our website to ...

Faxless Payday Loans: An Overview
Faxless payday loans have taken over as the easiest way to get a payday loan on the net. Check out http://nofaxpaydayloans.blogspot.com for more information about these cash advances...

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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SC House to look into payday lending limits - The State


MSN Money
SC House to look into payday lending limits
The State, SC - 17 hours ago
That bill was introduced after some military leaders said they were concerned troops were overusing payday loans and falling into a cycle of debt that .
Borrow $325, pay back $793 MSN Money
Utah Media Advisory on Payday Lending PR Newswire (press release)
Ban or rate cap needed for payday lending Myrtle Beach Sun News
Yahoo! News (press release)
all 6 news articles
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Payday loans due for a fall? - Richmond Times Dispatch

Payday loans due for a fall?
Richmond Times Dispatch, VA - Jan 9, 2007
John M. O'Bannon III, R-Henrico, to repeal the Payday Loan Act of 2002, which legalized the short-term, high-interest loans. .
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How Some Loans Can Damage Your Credit Rating
Don’t be overwhelmed in your search for no fax teletrack payday loans . ameriloans cash advanceameriloans cash advance Australia or faxing loans until payday can help you, and we have an abundance of related information on our ...

Brothers pick up where Dad left off (Muscatine Journal)
MUSCATINE, Iowa EUR” Two brothers remember their father through legacy. Mike and Jeff Steele continue to operate nearly 50 payday loan and e-filing tax businesses created by their father, Don Steele...

Lawmaker wants GAO study on defense lending (Washington Post)
WASHINGTON (Reuters) - A senior U.S. lawmaker has asked congressional auditors to examine if recommendations in a 2006 Department of Defense predatory lending report are justified, according to a letter obtained by Reuters on Friday...

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 - 341st SW Series Submission
17, President Bush signed a law that will cap interest rates on payday loans. Effective next year, consumer loans to servicemembers will be limited to 36 percent annual interest. Currently, interest rates from payday lenders can be 400 ...

Payday loans
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Rein in payday lenders (Deseret Morning News)
The payday lending industry will tell you it provides a needed service. Its customers lack access to traditional forms of credit and have such poor credit histories they cannot obtain loans or credit cards. These lenders lend money to people who need a few hundred dollars to cover some checks, keep the utilities turned on or even buy food. These establishments tend to be clustered in areas that ...

Payday Loans Pro's and Con's
Payday Loans, often referred to as cash advance loans, are amounts lent by specialized lenders . Typically, payday loans are extended for amounts that are less than $1000. Channel: Money Tags: payday loans payday loan instant payday loan...

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...

FL : About to default on payday loans, what next?
I live in FL, and I have six or seven payday loans outstanding. Although I am current with all loans, I am drowning in debt and intend to close my bank account. However, I am worried that I will be arrested for bank fraud. ...

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