Payday Loan News for 05/11/2008
| N.H. House sends payday loan interest rate cap to governor (AP via Yahoo! Finance) New Hampshire is poised to cap payday lending, a move the industry says will put it out of business in the state. The House voted Wednesday to send a bill to Gov. John Lynch that sets a 36 percent interest rate cap on all small loans... | ||
Payday Loans Under AttackEUR¦ Again - American Chronicle
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Letters to the Editor (The Christian Science Monitor via Yahoo! News) Should government regulate payday lending?Regarding Tim Miller's May 6 Opinion piece, "Ban payday loans? Big mistake.": Mr. Miller's willingness to assume borrowers' and lenders' responsibility is misplaced. As the subprime lending crisis so well illustrates, many borrowers are prone to abusing their credit and to borrowing irresponsibly, and many lenders are (or at least were) only too happy ... | ||
No Credit Check Same Day payday Loans - PR-USA.net (press release)
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Ohio considering payday loan interest cap (FOX Toledo) Following New Hampshire's lead, Ohio is considering capping payday lending loans at 28 percent. If the interest rate is capped, it will cause problems for those who borrow and those who lend. FOX Toledo's Shaun Hegarty reports... | ||
Trapped by Web loan with the 842% interest rate - Chicago Tribune
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Working Class: Payday Loans Meet Specific Needs - NewDesignWorld (press release)
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Strategy change on payday loans is questionable (Arizona Daily Star) We were disappointed to hear that a consumer-advocacy group dropped its support for the Stop Payday Loans ballot initiative authored by state Rep. Marian McClure, R-Tucson... | ||
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Studies prove payday lending industry isn't using 'predatory . - News-Leader.com
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Ban payday loans? Big mistake. - Christian Science Monitor
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NH House sends payday loan interest rate cap to governor - Boston Globe
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Advocate: Pay heed to payday ruling - TheChronicleHerald.ca
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Payday loan initiative may falter, division among supporters (The Daily Dispatch) PHOENIX EUR” An initiative drive to put the payday loan industry out of business in Arizona may falter because of a split among supporters. Members of an organization dubbed EURœStop Payday Predators announced Friday they are no longer backing the initiative... | ||
Payday lending vote due in two weeks (The State) Credit counselors and others testified for an hour today to a House subcommittee about problems created by payday lending, but a bill to restrict the two-week, high-interest loans will have to wait for a vote -- for about two weeks. S.C. Rep. Harry Cato, R-Greenville, who is chairman of the House Commerce Committee, said his banking subcommittee has agreed to consider another bill next week and ... | ||
Final step taken to cap interest in payday loan (The Nashua Telegraph) CONCORD -- The House of Representatives took the final key step needed to adopt a interest rate cap on short-term loans given to consumers. Rep. David Smith and Sen. David Gottesman, both D-Nashua, championed the measure as it applies to payday and title loans. . - By KEVIN LANDRIGAN Staff Writer.. | ||
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House passes bill to cap payday loans at 36 percent (New Hampshire Union Leader) The House put the final nail in the coffin of the payday lending industry, approving a Senate version of a bill yesterday that effectively closes their doors on Jan. 1, 2009... | ||
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Payday lenders facing closure (Chillicothe Gazette) More than 30 people who work jobs at Payday lending businesses in Chillicothe likely will lose their jobs if House Bill 545 passes the Ohio Senate. Local employees say their businesses help many people who can't get small short-term loans anywhere else... | ||
Tips: Dealing with payday loans - Chicago Tribune
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E4 Loans 60 Oregon payday lenders close shop (UPI) 60 Oregon payday lenders close shop (UPI) At least 60 Oregon payday lenders, which typically charged 520 percent for loans, have closed after a law capped rates at 36 percent, a state agency ... | ||
Payday lending bill is on hold (The State) Credit counselors and others testified for an hour Thursday before a House subcommittee about problems created by payday lending, but a bill to restrict the two-week, high-interest loans will have to wait for a vote. About two weeks. S.C. Rep. Harry Cato, R-Greenville, chairman of the House Commerce Committee, said his banking subcommittee has agreed to consider another bill next week and will ... | ||
Payday lenders facing closure - Lancaster Eagle Gazette
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