Payday Loan News for 09/03/2007
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Lawsuit filed against South Carolina payday lenders (WIS News 10 Columbia) SPARTANBURG, SC (AP) - A Horry County couple has sued, saying payday lenders attract borrowers to what they call "unconscionable loans" and trap them in an endless cycle of trying to repay the loans... | |
Horry couple sues payday lender (The Myrtle Beach Sun News) An Horry County couple has filed a lawsuit claiming payday lenders attract borrowers to "unconscionable loans" and trap them in an endless cycle of trying to repay the loans. State Sen. John Hawkins filed the lawsuit Tuesday on behalf of Mark and Rebecca Morgan of Horry County. Hawkins said he would seek to make the lawsuit a class-action. "We allege in this case that . payday lenders have ... | |
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BLOG BITS: Nonprofit payday loans; campaign finance failure - Kansas City Star
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Emergency Payday Advance Myths Debunked - PR-GB.com (press release)
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Edwards takes shot at payday lenders - Spartanburg Herald Journal (subscription)
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Payday Lending Suit (Live 5 News Charleston) A couple from Horry County is taking the payday loan industry to court. They've filed a class action suit saying payday lenders have trapped them in an endless cycle of loans they can never pay back... | |
The District Needs Payday Loan Reform, Not a Ban - Washington Post
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Class-action suit targets payday loan industry (The Greenville News) A sweeping class-action lawsuit filed this week in state court seeks to take on South Carolinaʼs payday loan industry, alleging that lenders have engaged in "unconscionable" lending practices, should be forced to research borrowersʼ ability to pay back loans and should be required to pay damages... | |
Payday lenders flourish - The Coloradoan
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Payday loans in cap target - Bizjournals.com
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Couple Sues S.C. Payday Lenders (AP via Yahoo! Finance) A South Carolina couple has filed a lawsuit claiming payday lenders attract borrowers to "unconscionable loans" and trap them in an endless cycle of trying to repay the loans... | |
Guaranteed Payday Loan - Emergency Cash Loan - American Chronicle
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Don't restrict short-term loans that help thousands in KC - Kansas City Star
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Payday lenders flourish (The Fort Collins Coloradoan) Mark Bohlinger says he can tell when an affluent family is down on its luck: They start bringing their high-end electronics, televisions, jewelry and guns to his College Avenue pawn shop... | |
Payday Loans, Nonprofit Style, Emerge to Mixed Response - New York Times
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Simpsonville rejects limits on new payday lenders (The Greenville News) The Simpsonville City Council has rejected an ordinance that would have banned new payday loan, check cashing and title loan stores from opening in the cityʼs commercial districts... | |
Critic of payday lenders sues industry in S.C. (The Charlotte Observer) LENDING A Myrtle Beach borrower who testified against payday lenders before an S.C. Senate panel last spring has sued the industry, claiming the loans were made without regard to his ability to repay them. The suit filed Tuesday in Horry County by John and Rebecca Morgan has ties that extend through the General Assembly and to some of the state's most powerful businessmen in Spartanburg.Two ... | |
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Payday lenders face suit (The Post and Courier) Companies violate laws, plaintiffs say -- With the help of two state lawmakers, a South Carolina couple is suing five payday lenders, including the industry leader, saying the companies knowingly make loans to borrowers who can't afford to repay them. ... | |
Payday lenders put their 2 cents in (Roanoke Times) Lenders' payments to lobbyists and campaigns will likely grow as the General Assembly considers reform. Related Graphics Payday lender's campaign contributions Roanoke Valley payday loan stores What is a payday loan? A payday loan allows people to borrow, on a short-term basis, small amounts of money that a bank would not likely lend. Most payday lenders dont conduct credit ... | |
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A Way Out of Debt by Way of Iraq - New York Times
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