Payday Loan News for 02/23/2007



Payday loan industry to alter ways 'voluntarily' - Deseret News

Payday loan industry to alter ways 'voluntarily'
Deseret News, UT - Feb 21, 2007
Among voluntary changes it announced are banning ads that promote payday loans for frivolous purposes; allowing customers the option of an extended payment .
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General Assembly briefs: Senator to block payday loan rate cap - Virginian Pilot


Playfuls.com
General Assembly briefs: Senator to block payday loan rate cap
Virginian Pilot, VA - 1 hour ago
Saslaw's bill, SB1014, would limit customers from taking out more than three payday loans at any one time. Critics of the short-term, high-interest loans .
Payday Defaulted Richmond.com
Payday loan bill goes back to assembly Richmond Times Dispatch
Payday at the Mansion Richmond.com
WAVY-TV
all 63 news articles
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How to Find Payday Loans
Finding payday loans is never easy these days with the exceptions that you do not live in certain states. At present fifteen states have outlawed payday loans and twenty-five additional states are wor...

How To Find Lenders Specializing In Payday Loans
Because of the growing need for fast cash and a convenient loan process, payday loans are everywhere. From your phone book to the internet, there is no shortage of lenders waiting to provide quick ca...

Payday-lending reform falls short - Arizona Daily Star

Payday-lending reform falls short
Arizona Daily Star, AZ - 16 minutes ago
The payday-lending industry's plan to educate borrowers and "help customers who have trouble making payments on short-term loans" is too little, too late. .
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U.S. payday lenders add protections (UPI)
U.S. payday lenders have unveiled voluntary consumer protections that include ending ads promoting the loans for vacations, a lenders association said...

Payday lenders craft user protections (USA Today)
Under siege by state regulators, payday lenders unveiled voluntary consumer protections Wednesday, including giving some borrowers more time to repay loans and ending ads promoting the product for "frivolous purposes," such as vacations...

Governor endorses bill to crack down on 'payday' loans (San Diego Union-Tribune)
SACRAMENTO, 6:28 p.m. Feb. 21 (COPLEY NEWS SERVICE): Gov. Arnold Schwarzenegger promised Wednesday to work for the EURswift passageEUR of legislation that would help the state crackdown on onerous payday loan practices targeting the military...

Payday Lenders Under Fire Tout Changes (Washington Post)
WASHINGTON -- Under pressure from lawmakers and consumer groups, the payday lending industry on Wednesday announced changes to educate borrowers and help customers who have trouble making payments on short-term loans...

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. ...

Lenders Vow to Clean Up 'Payday Loan' Operations (NPR)
Lenders who make short-term loans to cash-strapped borrowers -- commonly known as "payday loans" -- are vowing to reform the way they operate. It's a pre-emptive move by an industry often accused of predatory lending...

Lawmakers limit payday loans - Sioux Falls Argus Leader

Lawmakers limit payday loans
Sioux Falls Argus Leader, SD - 23 hours ago
Joni Cutler, R-Sioux Falls, caps the maximum principal amount of any payday loan, or the total outstanding principal balances of all payday loans made by a .
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Payday Loans Making Comeback (13 WMAZ Macon)
ATLANTA (AP) -- A key legislative panel approved a proposal today to erase Georgia's ban on payday lending and replace it with a new system designed to regulate the short-term loans...

Payday loan group touts self-reform - Washington Observer Reporter


Playfuls.com
Payday loan group touts self-reform
Washington Observer Reporter, PA - 1 hour ago
Other changes include a $10 million national ad campaign warning that payday loans are not a long-term financial solution and a ban on ads that promote .
House committee OKs payday lending measure Atlanta Journal Constitution (subscription)
Payday lending closer to legal in Ga. BusinessWeek
all 129 news articles
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Industry group unveils rules to ease terms of payday loans (Minneapolis-St. Paul Star Tribune)
A group that represents about half of the payday loan stores in the United States will require members to give customers more time to repay their loans without additional fees or penalties. The Community Financial Services Association of America (CFSA), which represents 164 payday lending firms and 12,000 stores, hopes the repayment option, along with a $10 million education campaign, will help ...

Gov. Kaine says he wants tighter cap on payday loans (Roanoke Times)
RICHMOND -- Gov. Tim Kaine said Tuesday he expects to "make some significant changes" to a bill that applies some limits to payday lending. Senate Bill 1014, which has been approved by both houses of the General Assembly, applies some modest restrictions to payday lenders, limiting the number of outstanding payday loans a borrower can have at one time and requiring licensed lenders to make ...

South Dakota Bill Would Restrict Payday Loans, Cash Advances
The plethora of instant cash loan businesses that have seemingly popped up all over the place in South Dakota may be facing a new restriction. The state Senate is scheduled to consider a measure today that would limit those lenders to ...

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 lenders offer long-term repayment (Pittsburgh Tribune-Review)
A group that represents about half of payday lender stores in the United States will require its members to give customers more time to repay their loans without additional fees or penalties...

Governor backs bill on payday loans - San Diego Union Tribune

Governor backs bill on payday loans
San Diego Union Tribune, CA - 19 hours ago
In most cases, payday lenders offer cash advances for a fee. Generally, the loans are short-term, until the next payday. When the loans are not repaid on .
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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...

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

Senate Dems promise curbs on payday loans - Milwaukee Journal Sentinel (subscription)

Senate Dems promise curbs on payday loans
Milwaukee Journal Sentinel (subscription), WI - Feb 21, 2007
By Steve Schultze. Corey Hoze won easy endorsement today by a County Board panel to take over as head of Milwaukee County's Department of Health and Human .
Just a bill: Social Security numbers Milwaukee Journal Sentinel (subscription)
all 20 news articles
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Applying For Payday Loans Online
If you are searching for payday loans, the internet is one of the most informative places to be. Not only that, but the internet can serve as a 24/7 loan office where applications are always accepted...

Payday Loans Making Comeback
ATLANTA (AP) -- A key legislative panel approved a proposal today to erase Georgia's ban on payday lending and replace it with a new system designed to regulate the short-term loans. A House Banks and Banking subcommittee voted 11-to-3 ...

Governing: If it's broken, break it some more - Ruidoso News

Governing: If it's broken, break it some more
Ruidoso News, NM - 2 hours ago
To be fair, the bill under consideration this year would not eliminate payday loans in New Mexico. Most companies would be able to make the required changes .
Legislature moves to tighten payday loan limits Las Cruces Sun-News
Payday loan bill jeopardized KRQE
Payday loan restrictions pass House Alamogordo Daily News
all 4 news articles
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Payday lenders offer long-term repayment - Pittsburgh Tribune-Review


Pittsburgh Tribune-Review
Payday lenders offer long-term repayment
Pittsburgh Tribune-Review, PA - 2 hours ago
Payday loans have become big business in America, lending about $40 billion in 2003, according to the Federal Deposit Insurance Corp. .
Please Act Responsibly Most of the Time Washington Post
Payday lenders start $10 million PR campaign AirForceTimes.com
Payday Advance Industry Takes Unprecedented Actions to Protect and . PR Newswire (press release)
all 11 news articles
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PayDay Loans *UPDATE*
The article states that outright banning payday loans may not be the best idea because the loans do serve a purpose. That coupled with the fact that demand for the loans is through the roof. My point is simply this, make the process ...

Payday firms lengthen time allowed to pay off loans (Sun-Sentinel)
WASHINGTON Under pressure from legislators and consumer groups, the payday lending industry on Wednesday announced changes to educate borrowers and help customers who have trouble making payments on short-term loans...

Bill Would Restrict Payday Loans - KELOLAND TV

Bill Would Restrict Payday Loans
KELOLAND TV, SD - Feb 21, 2007
State legislators thought that was the law when they passed regulations earlier, but an audit found that some of the businesses were making several loans of .
Clearing Up Payday Loan Legislation KELOLAND TV
Payday Loan Business Scrutinized In Pierre Yankton Daily Press (subscription)
all 3 news articles
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