Payday Loan News for 01/22/2007
Payday loans are a pox on our decency - Anderson Independent Mail (subscription)
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Virginia Weighs Curbs on Payday Loans It has also become big business across Virginia. But the routine is under increasing scrutiny in the commonwealth, where a broad coalition of religious and. Channel: Money Tags: Payday Loans Consumer advocacy too much debt... | ||
Do banks overcharge? - Deseret News
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Senate panel OKs payday loan rules - Daily Press
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Bill Would Limit Number, Ffrequency of Payday Loans (WTOP Radio Network) The legislation passed after long debate Monday... | ||
Money speaks in debate on payday loans - Richmond Times Dispatch
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Money speaks in debate on payday loans (Richmond Times-Dispatch) Enough with the sob stories about suckers supposedly ripped off by the high-interest instant-loan industry. This is a peculiar business, a fact not fully grasped by those deciding its future: lawmakers swayed by fat contributions from payday lenders... | ||
Legislators seek interest cap on payday loans - NH Business Review (subscription)
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Payday-lending laws scrutinized (Richmond Times-Dispatch) Richmonder Curtis Daniels worked three jobs but still found himself needing some quick cash, so he turned to a payday lender. "That's the worst thing you can do," Daniels said... | ||
FreeStqwe: Trade Online Stocks for $1 (3rd Party Windows Widgets) Payday loans from $50 to $500 modular offices modular offices ... | ||
Bill in S.C. would limit payday loan industry (Miami Herald) A bill filed this week in the S.C. House would cap interest rates on payday loans and impose other restrictions on the controversial industry... | ||
Banks find way to bridge the payday gap (Minneapolis-St. Paul Star Tribune) Call it an emergency cash advance. Call it "proactive" overdraft protection. Just don't call it a payday loan. At least that's how U.S. Bancorp and Wells Fargo & Co. prefer it. The two companies offer direct-deposit checking customers cash advances on future paychecks. The two banks charge a 10 percent fee for loans up to $500, which is automatically repaid when the customer's next paycheck is ... | ||
Senate panel OKs payday loan rules (Daily Press) A plan to tighten the rules on payday loans was approved by the Senate Commerce and Labor Committee this afternoon, but the senators stopped well short of banning the practice or of capping interest rates at a level that lenders say would force them out of business... | ||
Bill would limit number, frequency of payday loans - Daily Press
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Banks find way to bridge the payday gap - Minneapolis Star Tribune (subscription)
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Payday loan reforms pass committee (WRIC 8 News Richmond) RICHMOND, Va. Legislators took action today to try to reform the payday loan industry -- but stopped short of repealing the law the opened the door to the... | ||
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State Senate panel votes to tighten payday loan regulations (The Virginian-Pilot) A Senate panel voted Monday to tighten regulation of payday lenders, deflecting demands from religious and consumers groups who argue the short-term, high-interest loans should be banned because they . . ... | ||
Payday Loans This evidence recently led Congress to cap the annual interest rate on payday loans to military personnel at 36 percent. In New York and 10 other states, similar restrictions apply to loans to the general public, in each case making ... | ||
Regulating Payday Loans Payday loans are generally governed by the states, explained moderator Prof. Daniel Nagin, director of the Law Schools Family Resource Clinic. But the federal government recently got involved when Congress passed legislation placing a ... | ||
Payday loans serve the public - Arizona Republic
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Do the right thing - Daily Press
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Payday Loans - 341st SW Series Submission "Rather than filling a need for short-term credit, payday loans trap . On Oct. 17, President Bush signed a law that will cap interest rates on payday loans. . Editor's Note: This is part one in a three-part series on Payday Loans. ... | ||
Payday loan reforms pass committee (WDBJ 7 Roanoke) RICHMOND, Va. Legislators took action today to try to reform the payday loan industry -- but stopped short of repealing the law the opened the door to the practice... | ||
Payday Loans Are a Scourge, but Should Wrath Be Aimed at the Lenders? . deserving target would be legislators who supported lax credit laws in exchange for campaign contributions from lenders - or, better still, those who have steadfastly resisted campaign finance reform. Channel: Money Tags: payday loans... | ||
State Weighs Curbs on Payday Loans (Washington Post) Manny Reyes took the loan money and, boy, was it easy. Three hundred dollars in his pocket to help pay for January's rent and a broken axle on his pickup truck -- cash he needed because he paid off some hospital bills for his brother... | ||
Limit payday loans - The Spokesman Review
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Payday Loans Someone in the industry told me that the default rate is around 20% One in five default on payday loans, some of the money which is unrecoverable and that which is recoverd requires a cost in doing so. ... |
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