Payday Loan News for 02/13/2007



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...

Deals fading fast on payday lending (Daily Press)
A committee is poised to consider new payday loan regulations while talks aimed at a compromise hit a snag, Hope appeared to be fading Monday for a compromise that would allow the state to further regulate the controversial payday loan industry...

Payday Loans
Payday Loans is a hot search on Dogpile right now!..

Three Golden Rules For Using Payday Loans Posted By : Karl Adamsas - - Business Portal 24 (press release)

Three Golden Rules For Using Payday Loans Posted By : Karl Adamsas -
Business Portal 24 (press release), Germany - Feb 10, 2007
Payday loans can either be a life-saver or an easy way of getting caught in a vicious cycle of borrowing money that you arent able to pay back. .
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Knox defends payday loans (The Philadelphia Inquirer)
In 1999, all over Pennsylvania, thousands of people strapped for cash lined up at the storefront offices of a short-term loan company...

Va. Senator Threatens to Pull Last Payday Loan Bill (WTOP Radio Network)
Sen. Richard L. Saslaw's industry-backed bill is the only one remaining out of more than a dozen introduced this year to either reform the industry or repeal the 2002 law that allowed payday lenders to sidestep the state's 36 percent annual interest rate limit...

Kaine meets payday-loan lobbyist (Richmond Times-Dispatch)
Gov. Timothy M. Kaine, no friend of payday lenders, is now personally involved in efforts to clamp down on the industry...

Va. Senator Threatens to Pull Last Payday Loan Bill - WTOP

Va. Senator Threatens to Pull Last Payday Loan Bill
WTOP, DC - 5 hours ago
The bill would create a statewide database to track payday loans and limit to three the number an individual can have out at one time. .
Deals fading fast on payday lending Daily Press
Bill Raising Booster Seat Age Now Goes to the Governor Washington Post
General Assembly briefs: Payday lending bill heads to committee Virginian Pilot
Richmond Times Dispatch
all 8 news articles
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Payday loans: Pitfall or steppingstone for poor? (East Valley Tribune)
Drew Wheeler said he depends on payday lending businesses to cash his checks but would never borrow money from the stores...

Payday Loans (WMGT Macon)
Three years after Georgia lawmakers made payday loans illegal, lenders are now making their strongest effort yet to repeal the ban. read more..

Knox defends payday loans - Philadelphia Inquirer

Knox defends payday loans
Philadelphia Inquirer, PA - Feb 11, 2007
Eighteen months after it began making these so-called payday loans, Crusader, under pressure from regulators, agreed to stop. .
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I Love Payday Lenders - Motley Fool

I Love Payday Lenders
Motley Fool - Feb 12, 2007
EZCORP runs pawn shops, as do First Cash Financial and Cash America, while Dollar Financial (Nasdaq: DLLR) does payday loans, check-cashing, bill payment, .
Online Payday Loan, The Fastest Way to Obtain Advance Cash The Open Press (press release)
all 2 news articles
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Olympia Looks at Payday Lending, Again (AP via Yahoo! Finance)
Unhappy with the practices of short-term lenders, Washington state lawmakers have introduced several bills to curtail the number of people caught in a cycle of revolving debt...

Georgia considers rolling back its ban on payday lenders (Macon Telegraph)
A few times each month, the steady flow of traffic heading to Jerry Schooley's payday lending store swells into a rush...

Washington lawmakers consider restrictions on payday lending - KNDO/KNDU


KOMO
Washington lawmakers consider restrictions on payday lending
KNDO/KNDU, WA - Feb 12, 2007
Washington lawmakers are considering several bills to restrict payday loans and save some people from being caught in a cycle of debt. .
Olympia looks at payday lending, again BusinessWeek
all 11 news articles
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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)..

Payday Loans - Today's MGT

Payday Loans
Today's MGT, GA - Feb 10, 2007
Three years after Georgia lawmakers made payday loans illegal, lenders are now making their strongest effort yet to repeal the ban. .
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A look at payday loans - Aiken Standard (subscription)


Aiken Standard (subscription)
A look at payday loans
Aiken Standard (subscription), SC - Feb 10, 2007
"Sometimes, Social Security just isn't enough for them to get by on and they're resorting to payday loans and getting trapped in a cycle of debt that they .
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Payday Loans
Payday Loans Are a Scourge, but Should Wrath Be Aimed at the Lenders? - New York Times: [T]he outrage currently directed at lenders who extend credit at extremely high rates of interest to economically disadvantaged groups. ...

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


KXLY
Payday loans: Easy to get in, hard to get out
KXLY, WA - Feb 9, 2007
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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Looking to Prosper - Nashua Telegraph (subscription)

Looking to Prosper
Nashua Telegraph (subscription), NH - 12 hours ago
He also avoids people paying off hard-to-get-rid-of debts such as medical bills and payday loans. Hes been averaging a return of 12.2 percent and has had .
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Payday Loans Fill Middle Class Gap
Payday loan companies offer consumer loans without credit bureau checking or reporting. Confidentiality, convenience and timeliness may account for their increasing appeal to middle class. They are turning in increasing numbers to ...

Lawmakers move to improve payday lending practices (KOMO Seattle)
Unhappy with the practices of short-term lenders, Washington state lawmakers have introduced several bills to curtail the number of people caught in a cycle of revolving debt. The catch is, legislators in Olympia have different views on just how to do that, with some arguing for more restrictions on the industry and others saying there needs to be compromise...

Payday Loans UK: Quick Solutions and a Better Finance
Pay day loans UK are meant for borrowers, who need quick money to finance their needs. These loans are remarkable for their features and provide sound solution...

Payday loans: Pitfall or steppingstone for poor? - East Valley Tribune

Payday loans: Pitfall or steppingstone for poor?
East Valley Tribune, AZ - Feb 11, 2007
In addition, a report by the Federal Reserve Bank of New York last month says payday loans are not predatory. The report released Jan. .
Urge Legislature to join fight vs. predatory loans Arizona Daily Star
Payday Lenders Hope to Lift Ga. Ban WXIA-TV
all 8 news articles
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Senator Threatens to Pull Virginia Payday Advance Bill
The bill would create a statewide database to track payday loans and limit to three the number an individual can have out at one time. It also would require a 24-hour cooling off period before someone can take out a loan after paying ...

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 ...

Pimples Vs. Payday Loans: Which Looks Worse On A Resume?
Many people think that getting a payday loan will mar your credit report the way a pimple will mar your face. They are afraid that it might even hurt their chances of getting a job. Is it true? I dont know; Ive never gone to an ...

Saying no to payday loans
Melody McCray-Miller of Wichita wants to limit the number of payday loans someone can take out at one time. Currently, state law limits each payday lender to three loans within 30 days to the same person. ...



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