Payday Loan News for 02/25/2009
| State legislators vowing another crackdown on payday loans (WKSU Kent State University) Some Ohio payday loan stores are charging borrowers nearly the same amount they were charging them last year, before state legislators okayed tough new limits on interest rates. Statehouse Correspondent Bill Cohen reports that some legislators are vowing to approve yet another crackdown. WKSU's Bill Cohen reports... | ||
Feds go after seven payday loan companies - Las Vegas Sun
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Ward Scull is Daily Press Citizen of the Year (Daily Press) The Newport News businessman turned one employee's money crisis into a crusade against payday lending. W ard Scull's interest in payday loans started as an effort to help a single Virginian. But it grew into a statewide coalition that campaigns to protect all Virginians from predatory lending... | ||
Bills to limit payday loan interest rates likely dead Posted on Feb. 24 (Missoulian) HELENA - Two lawmakers failed Tuesday to blast bills stuck in committees onto the Senate and House floors for debates on their bills limiting the interest rates charged by payday lending businesses... | ||
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Feds Ban Online Payday Loan Companies from Certain Practices - Personal Money Store Financial News Blog
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Payday lender to close 24 NH stores (WCAX-TV Vermont) Associated Press - February 23, 2009 9:35 AM ET NASHUA, N.H. (AP) - A second payday lender is leaving New Hampshire because of a new law capping the amount of interest short-term loan... | ||
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Bills to limit payday loan interest rates likely dead - The Missoulian
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Ohio Legislature to shut down gaps in payday lending law (The Alliance Review) COLUMBUS -- Gov. Ted Strickland is concerned about media reports that former payday lenders are still making loans to Ohioans at inflated percentage rates in spite of a new law prohibiting the practice... | ||
Payday-lending restrictions advance in General Assembly (Richmond Times-Dispatch) Payday lenders could be locked out of Virginia for 10 years if they surrender their licenses in order to peddle bigger loans with skys-the-limit interest rates. The House and the Senate are falling in line behind the latest clampdown on high-cost, instant loans, with both sides moving toward floor votes during the next several days. The Senate Commerce and Labor Committee, following the lead of ... | ||
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Payday lender to close 24 NH stores (Boston Globe) A second payday lender is leaving New Hampshire because of a new law capping the amount of interest short-term loan operations can charge... | ||
Loan chain to shut down all NH stores: Advance America says cap law forcing out legitimate business (The Nashua Telegraph) NASHUA -- A second payday lender is leaving the state because of a new state law that went into effect at the first of the year capping the amount of interest short-term loan operations can charge. . - By MELANIE PLENDA Correspondent.. | ||
Lender to close 24 stores (Portsmouth Herald) NASHUA (AP) and#8212; A second payday lender is leaving New Hampshire because of a new law capping the amount of interest short-term loan operations can charge. Advance America Cash Centers will close all 24 of its New Hampshire stores within a month,... | ||
Feds go after seven payday loan companies (Las Vegas Sun) Federal and state regulators have obtained a court order in Nevada barring seven online payday loan companies from engaging in deceptive lending and collection practices, the Federal Trade Commission said Monday... |

