Payday Loan News for 03/29/2007



Putting The Pressure on Payday Loan Companies (KLAS Las Vegas)
When rent money is gone or the paycheck hasn't come, many Nevadans are in need of a quick buck. Sometimes they turn to companies offering short-term loans with high interest rates. Assembly Bill 478 would put the breaks on all payday loan lenders ...

Payday Loans: Bad Bill, Good Bill
FWIW, US Congress recently passed legislation to cap rates of payday loans for military personnel at the urging of military leaders who said that military members who EURœaccumulate heavy debts risk security clearances and can jeopardize ...

Legislators try to lasso payday loans (The Oregonian)
SALEM -- House Speaker Jeff Merkley has proposed the Legislature take its toughest stand yet against payday and car title lenders by imposing a blanket 36 percent cap on all consumer loans under $50,000...

Payday loan bill introduced (The Times-Journal)
Sen. Lowell Barron, D-Fyffe, has introduced a bill designed to reform Alabamas controversial payday lending loans. Barron said payday lending can trap borrowers in a cycle of debt...

Beware Payday Loans
Dangerous Consumer Rip-off Payday loans, also called "cash advance loans," "check advance loans," "postdated...

Lawmaker Wants Interest on Payday Loans Restricted - KTAR.com

Lawmaker Wants Interest on Payday Loans Restricted
KTAR.com, AZ - Mar 26, 2007
Interest rates on payday loans would be severely limited under a bill getting its first hearing today at the capitol. Sponsor Marian McClure doesn't like .
House Cmte. Approves Payday Loan Bill KTAR.com
all 2 news articles
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Return of payday lending fails in Ga. House (Atlanta Journal-Constitution)
State lawmakers decided Tuesday that Georgia does not need payday lending. A hard-fought battle to legalize the short-term, high-interest loans ended when the state House voted 82-77 for the measure. The bill needed 91 favorable votes EUR” a majority of the House membership EUR” to move on to the Senate. Tuesday's vote represented a second attempt by the bill's sponsors to clear the House. The measure ...

Legislators try to lasso payday loans - OregonLive.com

Legislators try to lasso payday loans
OregonLive.com, OR - 2 hours ago
But that law didn't apply to car title lenders, and payday lenders have been taking steps to circumvent the law with new types of loans and licenses. .
Sarah Mattson: High-interest payday loans lure the poor into debt . The Union Leader
Committee endorses industry-supported payday lending bill Arkansas News
Speaker backs interest rate caps on some loans Statesman Journal
Atlanta Journal Constitution (subscription)
all 10 news articles
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Harm vs. good weighed in payday loans debate (Atlanta Journal-Constitution)
When Georgia lawmakers revisit the issue of payday lending today, state Rep. Tyrone Brooks (D-Atlanta) will vote to legalize the high-interest loans. It's a vote, he says, that has its roots in a visit with his grandmother three decades ago. EUR¢ Types of high-cost loans being considered Brooks noticed an array of improvements at his grandmother's modest house. When she told her grandson how she had ...

Payday Loans Causing Services Even More Stress
A business with a large, relatively immobile workforce, who tend to stay in one place for predetermined periods of time, and who will, moreover, have plenty of notice that will move, should that happen. Channel: Money Tags: payday loans ...

Some payday loan companies evade the law, Nevada lawmakers told - Las Vegas Sun

Some payday loan companies evade the law, Nevada lawmakers told
Las Vegas Sun, NV - 8 hours ago
The 2005 law banned abusive collection practices and limited the interest rates and fees charged by payday loans companies. Lenders can charge any rate for .
Nevada Lawmakers Discuss Toll Roads KLAS-TV
Nevada lawmakers discuss toll roads, other highway ventures Las Vegas Sun
all 3 news articles
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Vote on Payday Loans
A move by state representatives to legalize payday loans failed Tuesday night on an 84-to-84 vote. But the House of Representatives is scheduled to reconsider the bill Tuesday. The loans let consumers borrow several hundred dollars ...

Payday Loans [P]
that you can take advantage of Cash Advance Payday Loans. Simply put, they are a means to get an advance on your salary: You apply, and when approved, receive your cash in return for a post-dated check that pays off the loan and ...

Payday loan bill introduced - Times-Journal

Payday loan bill introduced
Times-Journal, AL - 12 hours ago
Barron said payday lending can trap borrowers in a cycle of debt. Payday loans, which are short-term loans typically for $1500 or less, are intended to .
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Payday Loans Via SMS?
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Some payday loan companies evade the law, Nevada lawmakers told (KTVN Reno)
CARSON CITY Nevada lawmakers passed a law regulating payday loans companies in 2005. Now, Assembly Speaker Barbara Buckley says several companies are evading that law, and should be stopped...

Joe Thrash: The real facts about payday loan bill - Walker County Messenger

Joe Thrash: The real facts about payday loan bill
Walker County Messenger, GA - Mar 26, 2007
Payday loans are not intended to be a long-term financial solution. But, for individuals who are facing immediate short-term, low-dollar cash needs, .
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Return of payday lending fails in Ga. House - Atlanta Journal Constitution (subscription)


WXIA-TV
Return of payday lending fails in Ga. House
Atlanta Journal Constitution (subscription), GA - 18 hours ago
Georgia law caps interest rates at 60 percent for most consumer loans. Payday lending is legal and regulated in 37 states. In Georgia and 12 other states it .
Return of payday lending fails in Ga. House Atlanta Journal Constitution (subscription)
all 5 news articles
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Putting The Pressure on Payday Loan Companies - KLAS-TV

Putting The Pressure on Payday Loan Companies
KLAS-TV, NV - 8 hours ago
"Our rates are a lot lower than the check loans, the payday loans," explained Rick Swanson, owner of Loan Depot. "It's a lot easier to pay back a lot less .
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Legislature to Discuss Protecting Consumers From Some Payday Loan Stores (KTVN Reno)
To make ends meet, many people turn to payday loans. These are short term loans with high interest rates that you usually need to pay off in 60 days. There are some companies that take advantage of your need for quick cash...

Sarah Mattson: High-interest payday loans lure the poor into debt traps (New Hampshire Union Leader)
MY CLIENT, "J," took out a car title loan last July. She thought it would help her get through a short-term lack of income...

Sarah Mattson: High-interest payday loans lure the poor into debt .
Please read full story for latest details...

PayDay cash loans
Connecticut Payday Loans has what your looking for. They offer short-term loans that allow people to access cash before their next paycheck. How do Payday loans work? The lenders provide borrowers with a payday or cash advance loan in ...

LETTERS: Payday lenders - Kansas City Star

LETTERS: Payday lenders
Kansas City Star, MO - Mar 27, 2007
This isnt about cautioning people about the pitfalls of payday loans. Itsa blatant public relations campaign trying to convince regulators that theres no .
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Connecticut Payday Loans
There are some benefits of a payday loans such as you can research payday cash advance lenders in your area, instant approval payday loan, easy access to emergency cash, no credit check necessary for approval. The benefits of payday ...

Harm vs. good weighed in payday loans debate (Atlanta Journal-Constitution)
When Georgia lawmakers revisit the issue of payday lending today, state Rep. Tyrone Brooks (D-Atlanta) will vote to legalize the high-interest loans. It's a vote, he says, that has its roots in a visit with his grandmother three decades ago. Brooks noticed an array of improvements at his grandmother's modest house. When she told her grandson how she had paid for the goods EUR” a loan from a local ...

Lawmaker Wants Interest on Payday Loans Restricted (KTAR 92.3 Phoenix)
Interest rates on payday loans would be severely limited under a bill getting its first hearing today at the capitol. Sponsor Marian McClure doesn't like the businesses, but believes they are necessary...

Payday Loans
One of the things that I have blogged about previously on my business blog is payday loans, or cash advances. I have several of my employees that have used these in the past when they get in a tight situation, and while I have never ...

Don't get bled again - Atlanta Journal Constitution (subscription)

Don't get bled again
Atlanta Journal Constitution (subscription), GA - Mar 25, 2007
Although Georgia law prohibits annual interest rates above 60 percent for most loans, the annual percentage rates for payday loans are in the triple digits. .
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Most customers use payday loans wisely - Tucson Citizen

Most customers use payday loans wisely
Tucson Citizen, AZ - 2 hours ago
Critics of the payday advance industry would like you to believe that unsophisticated consumers are lining up for cash advances only to be trapped in a debt .
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