Payday Loan News for 02/11/2008



House passes clampdown on payday lending
A House-written clampdown on payday lenders is on its way to the Senate after having cleared the House of Delegates this morning by a vote of 91-7. House Bill 12 would limit the number of loans borrowers can have each year, ...

Payday lending helps consumers, not hurts them - Anderson Independent Mail (subscription)

Payday lending helps consumers, not hurts them
Anderson Independent Mail (subscription), SC - Feb 9, 2008
(Indeed, the recent Federal Reserve staff report said that banning payday loans will not EURmotivate competitors to lower prices or invent new products. .
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Payday loan limits advance in House - Richmond Times Dispatch

Payday loan limits advance in House
Richmond Times Dispatch, VA - Feb 8, 2008
Oder singled out Senate Majority Leader Richard L. Saslaw, D-Fairfax, as the principal obstacle to reining in the fast-growing payday-loan industry. .
Protest targets payday lenders Staunton News Leader
all 2 news articles
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Colo. bill would cap payday loan rates - Forbes

Colo. bill would cap payday loan rates
Forbes, NY - Feb 8, 2008
The bill would cap the annual interest rate at 36 percent for all payday loans, the same limit the Pentagon has set for companies that lend to members of .
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The Many Stories Behind Payday Loans
The payday loan industry has exploded across the country, generating billions of dollars each year by offering fast and easy short-term loans with sky-high interest rates. While payday supporters argue that speedy loans offer an ...

Senate fails to reach compromise on payday loan reform bill - The Virginian-Pilot

Senate fails to reach compromise on payday loan reform bill
The Virginian-Pilot, VA - 6 hours ago
. and supports of payday lending today, even as the House voted in support of a bill that would cap interest rates for short-term loans at 36 percent. .
Payday groans: 'Reform' would hurt the poor The Union Leader
House passes clampdown on payday lending Richmond Times Dispatch
all 12 news articles
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Looking for Easy Payday Loans?
Surely you have been in a difficult financial situation in your life. Perhaps you are even experiencing this problem right now. When money runs tight and it becomes tough to make it to the next payday then there will be a need to look ...

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So theyre not exactly lying
In what they say is the toughest crackdown on payday lenders in the nation, lawmakers want to cap the annual interest rate on payday loans at 36 percent and prohibit lenders from giving people with unpaid loans more money. ...

Payday lending: Is it help or trap? - Youngstown Vindicator

Payday lending: Is it help or trap?
Youngstown Vindicator, OH - 22 hours ago
Callen said the bill is based on a 2006 federal law that placed a 36 percent APR cap on payday loans to military personnel and their families. .
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Instant Money with Instant Solution: Instant Payday Loans
Instant payday loans are instance in point, which are equipped with quick solution to help borrower.Instant payday loans are unsecured and basically short term loans. Here a borrower needs to repay the loaned amount within the...

Advocates dig in against high-interest loans
OCEANSIDE ---- New regulations on the payday-lending industry are prompting business owners to cut back here and there, a turn that cheers consumer advocates who have long complained that exorbitant interest rates weigh heavy on young, ...

Pitfalls of payday loans - Toronto Sun

Pitfalls of payday loans
Toronto Sun,  Canada - Feb 10, 2008
A study of payday loans by a York University professor uncovered alleged rates of interest of 300% to 1000% in a thriving business worth up to $2 billion a .
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CASH DAY LOANS
CASH ADVANCE is here to your rescue ! payday loans are short-term, small, unsecured consumer loans. They are a good alternative to bouncing checks, selling personal property for less than it is worth, or uncomfortable situations like ...

OUR VIEW: Payday lenders? Lend them a hand - Southwest Virginia Today

OUR VIEW: Payday lenders? Lend them a hand
Southwest Virginia Today, VA - 7 hours ago
The industry says most use payday loans to cover unexpected expenses. The industrys detractors say EURyes, butEUR thats only for the first time. .
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Payday Loans-Get your loans in 24 hours EUR Know about Payday Loans
Well if you are looking for some urgent cash and have no idea where to, we have the solution. You can get cash loans upto 1500$ within a day without any paper work. This blog will teach you how to get the same. 1 Vote(s)..

Payday loan progress - Louisville Courier-Journal

Payday loan progress
Louisville Courier-Journal, KY - Feb 9, 2008
Johnny Bell, D-Glasgow, is expected to file a bill seeking more restrictions on "payday loans," and we're all for it. People living paycheck-to-paycheck .
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Payday Loan Quotes
Payday loans are basically an alternative, a good one to be specific, to bouncing checks, avoiding uncomfortable and embarrassing situations where there is a need to borrow money from friends and family. Also, it is a good alternative ...

Schumer: Beware of loan scams on stimulus checks - Newsday

Schumer: Beware of loan scams on stimulus checks
Newsday, NY - 19 hours ago
Charles Schumer warned New Yorkers yesterday to avoid payday loan providers offering to give a cash advance on the $600 stimulus checks taxpayers will .
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Advocates dig in against high-interest loans - North County Times

Advocates dig in against high-interest loans
North County Times, CA - 9 hours ago
Still, Gleisberg said he understands the attraction of payday loans. Payday lenders are relatively convenient, particularly for Marine recruits and other .
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