Payday Loan News for 03/13/2007



Legislation introduced to reduce interest on payday loans - Times Daily (subscription)

Legislation introduced to reduce interest on payday loans
Times Daily (subscription), AL - Mar 6, 2007
In 2003, the Legislature passed a law legalizing payday loans and allowing the businesses to charge 17.5 percent per transaction. But Sen. .
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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...

Payback Time for Payday Loans EUR Contest Winner
Thanks to everyone that participated in the Payday Loan Payback contest! Ive listed the two stories that were submitted below and have bolded some key points. Charles Rady Ive used one in FloridaEUR..right after hurricane EURCharleyEUR came ...

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. ...

Keep pressure on payday lenders (Deseret Morning News)
Feeling the pressure of proposed legislation to do more to regulate payday lenders, industry representatives have taken to the airwaves with commercials that are basically "buyer beware" messages. The Legislature has refused to impose interest-rate limits, even though the "average" interest rates charged by these establishments is 521 percent annually. Some charge as much as 900 percent a year...

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 ...

Avoiding Payday Loans
Another common problem that I encounter on a daily basis has to do with payday loans. While these may appear to be a quick and easy way to get money for rent, bills, credit cards, etc., the first loan is simply the start of a cycle ...

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 Loans Attract Interest
Afterward, the courts ruled that payday loans had been subject to the terms of the Small Loan Act up until the time that the new legislation passed. I know one policy analyst who keeps up with these things who had speculated that the ...

Payday loans under pressure (Fort Wayne Journal Gazette)
COLUMBIA, S.C. EUR Soft music plays in the background of a new TV ad campaign as it urges viewers to only use payday loans for emergencies. One scene shows a broken-down car. Another depicts a young boy in a doctors office, his arm in a sling...

All pay day loans are not same
Remember that payday loans really are not a good financial product. If you have one, pay it off as quickly as possible. Usually there are plenty of good alternatives to payday loans which should make it so that you dont have to get one ...

Payday Loans Under Fire, Despite Changes - Forbes

Payday Loans Under Fire, Despite Changes
Forbes, NY - Mar 5, 2007
Soft music plays in the background of a new TV ad campaign as it urges viewers to only use payday loans for emergencies. One scene shows a broken-down car. .
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ONLINE PAYDAY LOANS
Online payday loans are the new payday loans. Now instead of having to look for a payday lender near you all you have to do is connect to the internet and you will find millions of payday lenders online waiting to serve your payday ...

MU educator to talk about payday loans
Brenda Procter, a University of Missouri financial educator, will discuss payday loans and predatory lending Thursday evening in Columbia at an event sponsored by the central chapter of the Missouri Association of Social Welfare...

MU educator to talk about payday loans (Columbia Daily Tribune)
Brenda Procter, a University of Missouri financial educator, will discuss payday loans and predatory lending Thursday evening in Columbia at an event sponsored by the central chapter of the Missouri Association of Social Welfare...

High court rejects challenge to payday lending law (WQAD Moline)
DES MOINES, Iowa (AP) - The Iowa Supreme Court has rejected a challenge to a state law that allows payday loans with annual interest rates over 300 percent...

Payday loan industry acts to quell criticism (Los Angeles Times)
The lenders' trade group plans changes, but consumer advocates and lawmakers remain wary. COLUMBIA, S.C. EUR Soft music plays in the background of a new TV ad campaign as it urges viewers to use payday loans only for emergencies. One scene shows a broken-down car. Another depicts a young boy in a doctor's office, his arm in a sling...

Compromise payday lending bill wins Senate approval - WMC-TV

Compromise payday lending bill wins Senate approval
WMC-TV, TN - 2 hours ago
The bill, by Democratic Senator Terry Smith of Hot Springs, allows those seeking payday loans to rescind the checks within a day and says no check casher .
Compromise payday lending bill wins Senate approval Pine Bluff Commercial
all 3 news articles
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Compromise payday lending bill wins Senate approval (Pine Bluff Commercial)
LITTLE ROCK - A bill tightening some rules on Arkansas payday lenders won the support of a Senate committee today, but falls short of the aims of a previous measure that was voted down by the committee...

Payday lenders react to lawmaker pressure (Inside Bay Area)
COLUMBIA, S.C. EUR Soft music plays in the background of a new TV ad campaign as it urges viewers to only use payday loans for emergencies. One scene shows a broken-down car...

Payday Loans Under Fire, Despite Changes - FOX 9 News

Payday Loans Under Fire, Despite Changes
FOX 9 News, MN - Mar 6, 2007
COLUMBIA, SC -- Soft music plays in the background of a new TV ad campaign as it urges viewers to only use payday loans for emergencies. .
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Restrict these loan practices - Mobile Register

Restrict these loan practices
Mobile Register, AL - Mar 12, 2007
REGULATING PAYDAY loans under the state's Small Loans Act, as Sen. Bradley Byrne of Montrose wants to do, would be a good step toward protecting low-income .
Christian group moves toward bipartisanship Montgomery Advertiser
Convicted killer denied parole Montgomery Advertiser
Gunmen fatally shoot store clerk Montgomery Advertiser
Montgomery Advertiser - Montgomery Advertiser
all 17 news articles
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Financial Defense -- Payday lenders target military, families (Fort Leavenworth Lamp)
Two bills were introduced to the Kansas state legislature Feb. 15 aimed at restricting and regulating predatory lending in the state...

MU educator to talk about payday loans - Columbia Daily Tribune

MU educator to talk about payday loans
Columbia Daily Tribune, MO - 23 hours ago
Brenda Procter, a University of Missouri financial educator, will discuss payday loans and predatory lending Thursday evening in Columbia at an event .
Taking interest Columbia Daily Tribune
all 2 news articles
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Payday loans: A help or a trap? (The News & Advance)
Bernestine Thomas was having a rough month. A few years ago, the 52-year-old Lynchburg General Hospital employee was having some financial problems. Her daughter Barbara was in between jobs and her car kept breaking down...

It may be time to test the water with short-term loans - Macon Telegraph

It may be time to test the water with short-term loans
Macon Telegraph, GA - Mar 11, 2007
This proposed measure is more restrictive than legislation permitting payday loans in states contigious to Georgia - Alabama, Florida and South Carolina .
Ban has saved Georgians money Savannah Morning News
all 2 news articles
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Payday loans under fire, despite changes - Sacramento Bee

Payday loans under fire, despite changes
Sacramento Bee, CA - Mar 5, 2007
COLUMBIA, SC (AP) Soft music plays in the background of a new TV ad campaign as it urges viewers to only use payday loans for emergencies. .
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Payday loans: A help or a trap? - Lynchburg News and Advance

Payday loans: A help or a trap?
Lynchburg News and Advance, VA - Mar 12, 2007
After the General Assembly passed the Payday Loan Act of 2002, 49 payday lenders were open by the end of the year and around 124362 payday loans were made .
Profile: Helen O'Beirne Richmond Times Dispatch
all 3 news articles
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Profile: Helen O'Beirne (Richmond Times-Dispatch)
Helen O'Beirne, who represented foes of payday lending, stands in front of a lender's office at Second and Broad streets in Richmond. P. KEVIN MORLEY/TIMES-DISPATCH..

NDP has interest in payday loans - StarPhoenix

NDP has interest in payday loans
StarPhoenix, Canada - 9 hours ago
Payday loans are short-term advances that usually have to be paid back before the customer's next paycheque and are usually accompanied by high interest .
Sask. gov't joins movement to regulate payday loans industry Canada.com
Payday loans under pressure Fort Wayne Journal Gazette
all 9 news articles
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