Payday Loan News for 05/20/2008



Cash America Closes Ohio Stores As Lawmakers Ban Payday Loans (WCPO Cincinnati)
The announcement Thursday comes one day after the state Senate approved a bill that would ban two-week loans that support the payday lending industry...

Use of payday loans on the increase - FinancialAdvice.co.uk

Money High Street

Use of payday loans on the increase
FinancialAdvice.co.uk, UK - May 16, 2008
"The rise in payday loans is astronomical and symbolises just how difficult people are finding it to cope day to day," he added. Mr Moss warned borrowers to .
Payday Loans Save the Day for Brits Finance Daily
Prices rises force people to turn to payday loans Money High Street
Demand for payday loans up 55% MyFinances.co.uk
Bridging and Commerical
all 6 news articles
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House gives final OK to payday lending crackdown (Business First of Columbus)
Controversial new regulations for Ohio's payday lending industry are headed to Gov. Ted Strickland's desk after receiving final approval in the Ohio House of Representatives...

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Best Syndication

Cheap Car Loans UK EUR The easy wheels option
Best Syndication, CA - 6 hours ago
If you have any queries about Cheap car loans , bad credit payday loans, Car financing loans , online payday loan service visit http://www.carloansuk.net.
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Cash America shuts Ohio stores as lawmakers ban payday loans (KXAN 36 Austin)
COLUMBUS, Ohio (AP) - Cash America International says it will close up to 139 stores in Ohio. The announcement Thursday comes one day after the Ohio Senate approved a bill that would ban two-week loans that support the payday lending industry...

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Dollar Financial not to close Ohio shops - Reuters

Dollar Financial not to close Ohio shops
Reuters - 7 hours ago
Last week, Ohio passed a bill effectively capping the interest rate on payday loans at 28 percent. Such loans, which tide over borrowers for short periods, .
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Survey USA: Should The Government Regulate Payday Loans? (WCPO Cincinnati)
How do you feel about the government and payday loans?..

7 On Your Side - Payday Loans Loophole - MyFox Austin

7 On Your Side - Payday Loans Loophole
MyFox Austin - May 16, 2008
Payday lenders argue that the state's 10 percent cap is too low, since short-term loans are so risky. But Advance America also said, almost all their .
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Tuesday, May 20, 2008, at the Ohio Statehouse (FOX 19 Cincinnati)
The Ohio House has agreed to minor changes the Senate made to a bill intended to curb the high interest rates attached to so-called payday loans. The bill, which the House approved 70-24 Tuesday, would limit borrowers to four short-term loans a year and cap annual interest rates at 28%...

7 On Your Side - Payday Loans Loophole (FOX 7 News Austin)
Running short on cash? Austin is full of "payday lenders" that will give you a quick loan -- for a high price. A 7 On Your Side investigation discovered, payday lenders are using a loophole in the law to avoid state regulation -- regulation designed to protect you...

Payday lender to exit Ohio - Crain's Cleveland Business

Payday lender to exit Ohio
Crain's Cleveland Business, OH - May 19, 2008
The bill passed by the Legislature will impose a 28% annual percentage rate cap on payday loans. Check Into Cash said that rate will reduce the fee on a .
Another payday lender to close Canton Repository (subscription)
6000 People To Lose Jobs When Payday Loan Company Closes NewsNet5.com
Check Into Cash to close Ohio stores Fremont News Messenger
all 11 news articles
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Ohio House Approves Payday Loan Bill (The Kentucky Post)
The bill would limit borrowers to four short-term loans a year and it would also cap annual interest rates at 38 percent...

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Limiting lending: SLC should curb number of payday lenders - Salt Lake Tribune

Limiting lending: SLC should curb number of payday lenders
Salt Lake Tribune, United States - May 18, 2008
When payday loans are so readily available (there are 110 listings for such lenders in the Salt Lake City DEX directory), too many people can get cash .
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Cash America shuts Ohio stores as lawmakers ban payday loans - Houston Chronicle

The Consumerist

Cash America shuts Ohio stores as lawmakers ban payday loans
Houston Chronicle, United States - May 15, 2008
2008 AP The announcement Thursday comes one day after the state Senate approved a bill that would ban two-week loans that support the payday lending .
You Can Still Save Payday Loans in Ohio Blogger News Network
On payday loans, diesel prices and coal subsidies Huntington Herald Dispatch
Limits on payday loans welcome, new solutions needed by Ohio consumers The Morning Journal
Bizjournals.com - Bizjournals.com
all 127 news articles
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Hundreds To Lose Jobs When Payday Loan Company Closes (News Channel 5 Cleveland)
A payday loan company's officials said a recent bill passed by the Ohio Legislature will cause it to close...

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Ohio House gives final OK to payday lending crackdown - Bizjournals.com

Ohio House gives final OK to payday lending crackdown
Bizjournals.com, NC - 7 hours ago
HB 545, which Strickland said he intends to sign, caps the annual percentage rate on payday loans at 28 percent, down from the current maximum of 391 .
Ohio House Approves Payday Loan Bill Kentucky Post
Tuesday, May 20, 2008, at the Ohio Statehouse WTOL
Check Into Cash Cincinnati Business Courier
Bizjournals.com - Bizjournals.com
all 37 news articles
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Argus investigation reveals loan companies charging 1700% APR - Argus Lite

Argus investigation reveals loan companies charging 1700% APR
Argus Lite, UK - May 19, 2008
By Ben Parsons Payday loans and "home credit" companies are tempting desperate borrowers who live hand-to-mouth to pay debt collectors on the doorstep. .
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Salt Lake still seeking facts on payday-lender limits (Deseret Morning News)
Salt Lake City leaders are taking aim at payday lenders, but they aren't quite ready to pull the trigger. The City Council and planning officials spent about an hour Tuesday discussing options for limiting where and how payday loan businesses can operate in the city...

Payday Loan Bill Headed To Governor (WHIO-TV 7 Dayton)
State lawmakers Tuesday put the finishing touches on a payday loan reform bill and sent it to Gov. Ted Strickland for his signature...

Limiting Access To EUR˜Payday Loans - Wheeling News Register

Limiting Access To EUR˜Payday Loans
Wheeling News Register, WV - May 18, 2008
The House bill would place a 28 percent interest cap on short-term loans from payday lenders. Put that into perspective: Credit card companies can and often .
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