Payday Loan News for 03/04/2007



Payday lending industry promises reforms (The Morning News)
WASHINGTON -- Facing pressure in half the states including Arkansas, payday lenders promised Wednesday to give customers extra time to pay off loans as they launched a nationwide advertising campaign...

Borrowers shell out plenty for payday loans (Courier-Post)
The Community Financial Services Association of America, the national trade association for payday lenders, is planning to spend $10 million for an advertising campaign that it says is intended to educate people on how to use payday loans wisely...

Increased Staff Equals Faster Payday Loans - WebWire (press release)

Increased Staff Equals Faster Payday Loans
WebWire (press release), GA - Feb 28, 2007
February 15, 2007 EUR Payday Loans UK (www.paydayloansuk.com) is pleased to announce their recent expansion and has hired additional staff to maintain its .
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Payday loans might return
ATLANTA - Consumer groups, prosecutors and many lawmakers thought they had shut the door for good...

Cheap payday loans: Caring your monetary urgencyEUR¦ perfectly
Cheap payday loans are a good resource to arrange urgent cash at a cheap rate. These loans are available for all sorts of borrowers. Therefore, whether you have good credit score or bad, it wont hinder you to avail the loan amount...

Payday loans may lead to debt trap - Advance Titan


Advance Titan
Payday loans may lead to debt trap
Advance Titan, WI - Feb 25, 2007
Courtney Lautenschlager, a customer service representative at Payday Loan Store in Oshkosh, said payday loans act as a safety net for people who find .
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Cleaning up image, payday lenders join up with minority groups (The Morning Call)
| T he Community Financial Servi ces Association of America, the national trade association for payday lenders, is planning to spend $10 million for an advertising campaign that it says is intended to educate people on how to use payday loans wisely...

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...

Guide To Getting Getting Payday Loans
Payday loans are very famous among the poor and middle-class. Small-time businessmen and entrepreneurs also use these loans to be able to finance their thriving businesses. These loans are short-term, lasting only between paydays, ...

PayDay Loans to Return to Georgia - Associated Content


Associated Content
PayDay Loans to Return to Georgia
Associated Content, CO - Feb 25, 2007
Three years ago Georgia state lawmakers decided that payday loans were more of a nuisance than a help to their citizens. These short-term loans designed to .
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The Bible has a word for payday lending: EUR˜usury - The State

The Bible has a word for payday lending: EUR˜usury
The State, SC - Mar 1, 2007
He proposes capping the interest rate for payday loans at 36 percent, allowing a $5 fee per loan and limiting the amount of outstanding loans a borrower can .
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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. ...

Targeting the 2-week loan (The State)
The fight against payday loans has come home to South Carolina, headquarters to the nations largest lender of the two-week loans...

Payday lenders offer protections
Payday lenders payday loans offer short-term loans to consumers to be repaid with their next paycheck. Many strapped borrowers, unable to repay, repeatedly roll the loans over, incurring fees of 300 percent to 1000 percent on an annual ...

WaPo on Payday Loans and PR strategies
Two days ago, we wrote about the outbreak of legislative battles over payday loans, saying it was a great case study in consumer protection regulation. We noted that the industry had just started a campaign to fend off pending ...

To Whom Much Is Given - Washington Post

To Whom Much Is Given
Washington Post, DC - Mar 1, 2007
The industry contends that payday loans help people when they are in a financial crunch. They believe the loans are a cheaper alternative than a bounced .
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Critics: Reform bill falls short (The Salt Lake Tribune)
This was supposed to be the year that consumer advocates were going to persuade the Legislature to clean up the payday loan industry. Instead, only one of several reform measures was approved. SB16, endorsed by the payday loan industry and state regulators, establishes financial penalties for payday loan operators that break state law...

State law trumps industry guidelines for payday lenders (Minot Daily News)
A national trade associations new guidelines for payday loans offer little thats new to North Dakota lenders, who already operate under state regulations and self-imposed restraints...

Alternatives to Payday Loans
If it ever comes to the situation where you have to borrow money to eat, don't get a payday loan. There are always other options. Learn about the alternatives to payday loans. Channel: Money Tags: payday loans money debt money problems ...

Fierce debate over payday loans - Atlanta Journal Constitution (subscription)

Fierce debate over payday loans
Atlanta Journal Constitution (subscription), GA - Feb 27, 2007
Georgia law prohibits annual interest rates above 60 percent for most loans. But the annual percentage rates for payday loans are in the triple digits. .
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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 loan industry sees little reform in '06 session (The Salt Lake Tribune)
Posted: 2:19 PM- This was supposed to be the year that consumer advocates were going to convince the Legislature to clean up the payday loan industry. Instead, only one of several reform measures was approved. Senate Bill 16, endorsed by the payday loan industry and state regulators, establishes financial penalties for payday loan operators that break state law...

Payday Loans: Costly Cash (Washington Post)
The Community Financial Services Association of America, the national trade association for payday lenders, says its $10 million advertising campaign is intended to educate people on how to use payday loans wisely...

Instant Payday Loans: Safest Way to Crack Down Urgent Needs
Instant payday loans provide facility to avail loans instantly without getting into hassles like credit checks. Repayment of Instant payday loans usually coincide with the payday of the borrower and these are short term loans. ...

Out of debt, in with saving - Kansas City Star

Out of debt, in with saving
Kansas City Star, MO - 17 minutes ago
Even though she recently paid off all but three of the loans, finance charges and the balance of the remaining two payday loans and a car title loan remain .
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Curbing payday loans - The State

Curbing payday loans
The State, SC - 3 hours ago
Limit companies to one payday loan per customer at a time. Current law effectively allows companies to lend up to $600 to customers by allowing two loans at .
Targeting the 2-week loan The State
Cash in a flash . but a EUR˜trap for the poor? The State
Borrowers shell out plenty for payday loans Cherry Hill Courier Post
The State
all 5 news articles
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Fierce debate over payday loans (Atlanta Journal-Constitution)
The Georgia General Assembly tried for decades to push payday lenders out of business. But the purveyors of short-term, high-interest loans always found a way to survive. That changed three years ago, when commanders at Georgia's military bases launched an attack on payday lending and the General Assembly responded by shuttering the multimillion-dollar industry, which advances cash until a ...

State law trumps industry guidelines for payday lenders - Minot Daily News

State law trumps industry guidelines for payday lenders
Minot Daily News, ND - Feb 28, 2007
A national trade associations new guidelines for payday loans offer little thats new to North Dakota lenders, who already operate under state regulations .
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Oshawa MP working to regulate payday loans - Durham region news

Oshawa MP working to regulate payday loans
Durham region news, Canada - Mar 1, 2007
OSHAWA -- Local MP Colin Carrie is working with his government to push provincial regulation of the payday loans industry. .
Gov't eyes payday loans bill StarPhoenix
all 2 news articles
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The give and take of gaming (Fargo Forum)
The urge for a big win had dominated her waking mind, allowed her to ignore bills and family, led to a felony theft charge and left a trail of bad checks, payday loans and tapped-out friends...



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