Payday Loan News for 06/21/2008



Payday lenders appealing to voters (The Plain Dealer)
Washington -- The fight between state lawmakers and payday lenders has entered a new phase as the industry tries to get on the ballot this fall in Ohio and Arizona and take its case directly to voters...

Cash Advance Payday Loans: Feasible Cash Advance To Sort Out . - Best Syndication

Best Syndication

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Payday lenders want voters to overturn law (Dayton Daily News)
The payday lending industry wants to ask Ohio voters in November to overturn a new law that limits how much interest they can charge on short-term loans. But advocates for the poor hope the issue never goes to the voters...

Raising cash in a hurry #9: Get a payday loan - WalletPop

Raising cash in a hurry #9: Get a payday loan
WalletPop, VA - 15 hours ago
Somehow I've managed to become WalletPop's poster child for payday loans. I wrote about my experiences with them a few months ago, and then quickly wound up .
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AG rejects petition to send payday lending bill back to voters - Columbus Dispatch

AG rejects petition to send payday lending bill back to voters
Columbus Dispatch, OH - Jun 19, 2008
Specifically, she said the summary should mention that the new law caps interest rates for payday loans at 28 percent. "Otherwise, the most fundamental .
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Crack Down on Payday Loans - WEEK-TV

Crack Down on Payday Loans
WEEK-TV, IL - Jun 20, 2008
By Syreeta Baker City officials say the number of payday loan businesses in Peoria is up almost 50-percent from last year. Some council members say now is .
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Lending issue language rejected by state official - Lebanon Western Star

Lending issue language rejected by state official
Lebanon Western Star, OH - Jun 19, 2008
The payday lending interests pledged to rewrite and resubmit the petition. Once the language is approved, they must get 241365 signatures from registered .
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Get a fast, comparable interest, no hassle, no fuss online payday loans in Canada to help with financing. Fill in the easy online application for instant approval...

Pay Day Loan Vote - WHOI

Pay Day Loan Vote
WHOI, IL - Jun 20, 2008
By Laura Michels The Peoria City Council may put a halt on the number of payday loans allowed in the city. On Tuesday, the council will vote on a moratorium .
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Payday loan industry fights interest cap (Moldova.org)
The payday loan industry is backing a November referendum that would reverse the 28 percent cap on interest rates approved by the Ohio legislature.The ballot initiative is the latest strategy in the industry's fight to keep payday loans from disappearing altogether as a result of capping interest rates, Stateline.org reported Wednesday.Democratic presidential candidate Barack Obama and ...

Payday Lender Ballot Language Rejected - Bucyrus Online

Payday Lender Ballot Language Rejected
Bucyrus Online, OH - Jun 20, 2008
House Bill 545 lowered the yearly interest rates for payday lenders from 391 percent to 28 percent and would limit the total amount of loans per year to 4. .
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Payday-loan supporters must recraft petition (The Columbus Dispatch)
Attorney General Nancy H. Rogers decided yesterday that a group of payday lending supporters were not being truthful in how they described a law they want voters to overturn...

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Crack Down on Payday Loans (WEEK-TV Peoria)
Some council members say now is the time to put a cap on Cash Advance Stores. Councilwoman Barbara Van Auken is proposing a moratorium on payday loan institutions...

AG: Proposed bill summary for payday law referendum not 'fair and . - Bizjournals.com

AG: Proposed bill summary for payday law referendum not 'fair and .
Bizjournals.com, NC - Jun 19, 2008
The law, which takes effect in September, caps the annual percentage rate on payday loans in the state at 28 percent, down from the 391 percent maximum .
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Ohio attorney general rebuffs payday loan industry - Forbes

Ohio attorney general rebuffs payday loan industry
Forbes, NY - Jun 20, 2008
Ted Strickland signed a bill in early June that limits borrowers to four short-term loans a year capped at the 28 percent rate. Payday lenders had charged .
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Pair of city men arrested in Project Blackhawk (Timmins Daily Press)
The Ontario Provincial Police released the names of two men arrested in Timmins early Thursday as part of Project Blackhawk. David Cabral, 35, the owner of the A1 Payday Loans, and Chris Leebody, 32, were both arrested, although the OPP have not said what specific charges the two [.]..

Payday-loan supporters must recraft petition - Columbus Dispatch

Columbus Dispatch

Payday-loan supporters must recraft petition
Columbus Dispatch, OH - Jun 20, 2008
Rogers said that some parts of the committee's petition language should mention that the new law caps interest rates for payday loans at 28 percent. .
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Voters May Decide Fate of Payday Loans (Kansas City InfoZine)
By Stephen C. Fehr - The fight between state lawmakers and payday lenders has entered a new phase as the industry is attempting to get on the ballot this fall in Ohio and Arizona and take its case directly to voters...

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Ohio attorney general rebuffs payday loan industry (AP via Yahoo! Finance)
Ohio Attorney General Nancy Hardin Rogers has refused to approve petition language proposed by payday lenders seeking to overturn a law that tightens industry regulations...

Payday lenders want voters to overturn new law (The Oxford Press)
COLUMBUS EUR” The payday lending industry wants to ask Ohio voters in November to overturn a new law that limits how much interest they can charge on short-term loans but advocates for the poor are hoping the issue never goes to the voters...

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Payday lenders strive to shed image as predators (The Kansas City Star)
With the economy weakening and cash-strapped consumers living paycheck to paycheck, you'd think business would be booming at QC Holdings Inc., the Overland Park-based payday lender...

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