Payday Loan News for 02/10/2007



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4:46 pm: Compromise urged on payday loan legislation - Santa Fe New Mexican

4:46 pm: Compromise urged on payday loan legislation
Santa Fe New Mexican, NM - Feb 8, 2007
SANTA FE (AP) - Supporters of a proposal to severely restrict payday loans are urging a compromise between two competing proposals to regulate the industry. .
Lone Payday-Lending Bill Remains Harrisonburg Daily News Record
all 3 news articles
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Payday loan negotiations under way - Richmond Times Dispatch

Payday loan negotiations under way
Richmond Times Dispatch, VA - Feb 8, 2007
The talks follow a surprise move Saturday by the House to cap interest on payday loans at 72 percent, twice the legal limit in Virginia. .
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The Exorcism of Payday Loans
So youre not the best 24 hour payday loans that you want to be. . Visit our website and discover ways to make your ameriloans payday loans . You will obtain the tools and tips you need to be a successful 24 hour payday loans . ...

No Fax, No Problem Payday Loans
The applications and attachments you fax payday loan companies enable them to offer you their best deals on higher borrowing limits, lower interest rates, longer repayment times and fast approval. You just fax the payday loan company ...

Group protests car-title and payday loans - Kansas.com

Group protests car-title and payday loans
Kansas.com, KS - Feb 6, 2007
TOPEKA - Led by a Wichita community action group, more than 200 people protested payday and car-title loans Tuesday in a loud rally in the Capitol rotunda. .
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Nixon Hopes to Restrict Payday Loans
JEFFERSON CITY - Payday loan companies might find doing business in Missouri a little tougher, if a bill in the Senate and the House passes. Last year Missouri residents borrowed more than $750 million from payday lenders...

Proposed House bill would cap interest on payday loans - WIS


WCSC
Proposed House bill would cap interest on payday loans
WIS, SC - Feb 8, 2007
(Columbia-AP) February 8, 2007 - House members started talking about interest limits on payday lenders Thursday, prompting the industry to say a cap on .
Did you hear the one about how poor people cant get payday loans? The State
Proposed House bill would cap interest on payday loans WHNS
Cotty: Pay Day Cash Loans are "No Happy Meal" WLTX.com
Charleston Post Courier (subscription)
all 18 news articles
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Bad Credit Payday Loans
. repossession, CCJ or default costing you highly in terms of loan refusals? There is one loan that doesnt take your bad credit into consideration. This is a payday loan. Payday loans are available to bad credit borrowers as well. ...

'Payday Loans' Plague New Mexico's Working Poor - NPR

'Payday Loans' Plague New Mexico's Working Poor
NPR - Feb 5, 2007
by Eric Mack. Would you like to receive information from your local NPR member station? (see NPR's privacy policy). May we contact you with information .
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Will Bubba Bring Back Payday Loans? (The Motley Fool)
Georgia's legislature debates permitting cash advances three years after banning them...

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Payday loan negotiations under way (Richmond Times-Dispatch)
Payday lenders and their legislative foes are discussing a possible deal on tougher restrictions opposed by the industry. Both sides said yesterday that negotiations are under way, sparked by continuing resistance in the House of Delegates to industry-favored reforms deemed by critics as inadequate...

Capping payday loans gets 90-3 win (NWAnews.com)
A bill to severely limit interest rates charged for EURpayday loansEUR overwhelmingly passed the Arkansas House of Representatives on Thursday, marking the biggest threat to the practice in the eight years that it has been legal in the state. (Arkansas Democrat-Gazette Northwest Edition)..

Column: Bill Protects Domestic Violence Victims - Alexandria Gazette Packet


Richmond.com
Column: Bill Protects Domestic Violence Victims
Alexandria Gazette Packet, VA - Feb 8, 2007
This bill would limit the number of payday loans a person can take out to three. This would be enforced by creating a computer database which any of the .
Last Bill Standing Richmond.com
all 4 news articles
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Compromise urged on payday loan legislation (NewsChannel 10 Amarillo)
SANTA FE Lieutenant Governor Diane Denish is urging a compromise between two competing proposals to regulate payday loans in New Mexico. Denish backs a measure by...

Payday loans: Easy to get in, hard to get out - KXLY


KXLY
Payday loans: Easy to get in, hard to get out
KXLY, WA - 10 hours ago
SPOKANE -- The billion dollar industry of payday loans is under fire in Washington state with lawmakers looking at ways to regulate the growing industry and .
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Double-edged deals (KSHB-TV Kansas City)
Payday loans are an easy option for those in need of quick cash, but when it is time to pay it back the amount is much more than most consumers realize...

'Payday Loans' Plague New Mexico's Working Poor
. but the government does not yet regulate: loans made against paychecks. Legislators have failed in the past to control the loans, but they're trying again. Channel: Do No Evil Tags: predatory lending payday loans New Mexico poverty...

Legislator: Payday lenders likely to survive, but with more regulations (Arkansas News Bureau)
By Jason Wiest Arkansas News Bureau LITTLE ROCK - Market demand for short-term loans could be the saving grace for Arkansas' payday lenders, but the industry likely will not escape the legislative session without enduring tougher regulations, a legislator said Tuesday...

EDITORIALS>>Can't kill off payday loans - Arkansas Leader

EDITORIALS>>Can't kill off payday loans
Arkansas Leader, AR - Feb 5, 2007
. to halt the depredations of the payday-lending industry, which typically charges poor people from 372 to 869 percent annualized interest on cash loans. .
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QC Holdings' Higher Value - Motley Fool

QC Holdings' Higher Value
Motley Fool - 19 hours ago
QC Holdings is a pure-play lender in a field that often involves a mix of payday loans, pawn shops, and most recently used-car dealerships, .
QC Holdings, Inc. Reports Strong Fourth Quarter Earnings of $3.9 . Business Wire (press release)
Volume drives QC's higher earnings, revenue Kansas City Business Journal
all 5 news articles
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Three Golden Rules For Using Payday Loans
Payday loans can either be a life-saver or an easy way of getting caught in a vicious cycle of borrowing money that you aren't able to pay back. The trick is to knowing how to get the best payday loans possible while using them for the ...

Payday loan may help, but beware (Telegraph)
Payday lending just might be one of the best of the unappealing financing options open to cash-strapped individuals. The practice of extending fairly small, short-term loans secured by a worker's postdated personal check certainly is controversial...

Missouri AG Wants 36% Cap On Payday Loans - RTO Online

Missouri AG Wants 36% Cap On Payday Loans
RTO Online, MO - Feb 8, 2007
Missouri Attorney General Jay Nixon sent a letter to the General Assembly asking them to pass legislation restricting interest on payday loans to "roughly .
Possible Restrictions on Payday Loans KOMU-TV
Will Bubba Bring Back Payday Loans? Motley Fool
Nixon Reiterates Call for Reform in Payday Loan Industry in Missouri Kansas City infoZine
St. Louis Post-Dispatch - Legal News Line
all 7 news articles
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Group protests car-title and payday loans (The Wichita Eagle)
Led by a Wichita community action group, more than 200 people protested payday and car-title loans Tuesday in a loud rally in the Capitol rotunda...

Nixon Calls For Payday Loan Reform (KOLR/KSFX Ozarks)
(Jefferson City) -- Attorney General Jay Nixon is calling for new legislation on payday loans. Nixon says a recent report shows that Missouri payday loan businesses charge an average annual percentage rate of 422-percent...

Nixon Files Lawsuit to Stop Independence Business from Continuing to Sell Loans Without a License (Kansas City InfoZine)
Attorney General Jay Nixon is taking action against an Independence payday loan business that offered unsecured loans to and collected fees from consumers without a license...



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