Payday Loan News for 09/15/2007



Council nods to payday limits (News Leader)
STAUNTON EUR” Despite appeals from members of the payday industry, City Council unanimously passed a resolution that will ask the General Assembly to cap rates at 36 percent for all consumer loans in Virginia...

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Advocates worry about flood victims turning to payday loans (Port Clinton News Herald)
FINDLAY EUR” Ohio consumer advocates are concerned that victims of last months floods may turn to payday loans to help them get by. Columbus attorney Paul Bellamy with the Equal Justice Foundation says the short-term loans come with fees that translate to triple-digit interest rates...

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PayDay & Cash Advance Loans Online - How Do Online Payday Loans Work?
How online payday loans or cash advance loans work? Online payday loans usually work by first filling out a pre-approval application. 90% of the time, your credit is not pulled. Most payday loans are not based on your credit history, ...

Payday Loans - Helpful Tips With Fast Cash For Financial Issues
With payday loans you can get approved in about an hour with easy online access and forms. After you give the payday loan company your information such as job history, checking information and your contact information you may be ...

Council to Vote on Bill Next Tuesday that Would Limit Annual . - Washington Post

Council to Vote on Bill Next Tuesday that Would Limit Annual .
Washington Post, United States - Sep 12, 2007
In mid-August, the DC Financial Services Association, which represents 41 out of 48 payday loan stores in the city, launched an advertising blitz .
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D.C. to Cap Interest Rates on Payday Loans (WTOP Radio Network)
WASHINGTON (AP) - The D.C. Council is getting ready to vote on a plan to cap the interest rate on so-called "payday loans." Currently, lenders can charge $16.11 per $100 borrowed...

Are blacks main target of payday lenders? (The Columbus Dispatch)
Former managers for Ohio-based payday lender Check 'n Go were ordered to solicit poor, black residents, rewarded for pushing people into revolving loans and pressured to donate to a company executive running for the Ohio House, they said yesterday...

State may cap rates on loans (The Western Star)
Consumer advocates and some state lawmakers want to clamp down on Ohio's payday-lending industry. Ohio Rep. William Batchelder, R-Medina, said Thursday he plans to introduce a house bill regarding payday lending by the end of September...

So what's the problem with payday loans? - Staunton News Leader

So what's the problem with payday loans?
Staunton News Leader, VA - Sep 12, 2007
By Lauren Fulbright Activists say the problem with payday loans is that many people cannot afford to pay the loan in full, forcing them to roll the debt .
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The Payday Loan Debate
Payday loans, and those who lend them, have traditionally received a bad - and often undeserved - rap from much of the mass media. The majority of this bad publicity seems to come from biased or generally invalid sources and are meant ...

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Former workers blast Check'n Go - Cincinnati Post

Former workers blast Check'n Go
Cincinnati Post, OH - Sep 14, 2007
At least one state lawmaker in Ohio is proposing a cap on interest rates on payday loans. "We train our sales staff to keep customers dependent, .
Are blacks main target of payday lenders? Columbus Dispatch
Check 'n Go under fire Cincinnati Enquirer
Ohio Payday Lender Preys on Poor, Black, Whistler Blowers Say ePluribus Media
Akron Beacon Journal - Houston Chronicle
all 24 news articles
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Advocates worry about flood victims turning to payday loans (The Toledo Blade)
FINDLAY, Ohio EUR” Ohio consumer advocates are concerned that victims of last months floods may turn to payday loans to help them get by...

Hialeah Cash Advance Payday Loans
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Payday Loans: 9/11/07 - NBC 4.com

NBC 4.com

Payday Loans: 9/11/07
NBC 4.com, DC - Sep 11, 2007
Payday loans. They are either a godsend for consumers who need quick cash in an emergency, or an industry that preys on the poor. .
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Lawmakers seek to cap payday loans at 36% (The Western Star)
After 10 years of explosive growth, the payday lending industry faces the prospect of tighter regulation as consumer groups and a handful of state lawmakers push for ways to protect borrowers...

DC Council Set to Vote on Pay Day Loans - WJLA

DC Council Set to Vote on Pay Day Loans
WJLA, DC - Sep 13, 2007
The DC Council is getting ready to vote on a plan to cap the interest rate on so-called "payday loans." Currently, lenders can charge $16.11 per $100 .
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Easley moves to slow payday loans (The Greenville News)
Easley City Council on Monday took its first step toward containing the rapid growth of loan companies that specialize in payday loans, cash advances and title loans...

Liz's Online Chat Transcript: Payday Loans - NBC 4.com

Liz's Online Chat Transcript: Payday Loans
NBC 4.com, DC - Sep 11, 2007
11, 2007, on payday loans: nbc4expert: Hi. Liz here. Thanks for joining the chat. dwiggins: Is it true that the payday lending business model is designed to .
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Landes favors payday loan rate limits (News Leader)
Unlike his Staunton counterpart, Del. Steve Landes said he would support a cap on payday loans...

Payday Loan Cap - WHSV

Payday Loan Cap
WHSV, VA - Sep 13, 2007
Bruce elder is hoping to make a difference and get the state to cap the interest rates of payday loans to 36 percent. "People get trapped in the cycles of .
Landes favors payday loan rate limits Staunton News Leader
Staunton Council urges interest rate caps for payday lending industry News Virginian
Council nods to payday limits Staunton News Leader
Roanoke Times - NBC 29 News
all 6 news articles
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So what's the problem with payday loans? (News Leader)
Activists say the problem with payday loans is that many people cannot afford to pay the loan in full, forcing them to roll the debt over and pay additional fees. But an industry spokeswoman says these rollovers are illegal...

Payday Loan Press Conference: 9/12/07 - NBC 4.com

Payday Loan Press Conference: 9/12/07
NBC 4.com, DC - Sep 12, 2007
Payday loans. Theyre either a quick cash solution when money's tight, or a business that preys on the poor. For the past two days, Liz Crenshaw has been .
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Advocates worry about flood victims turning to payday loans - WTOL

Advocates worry about flood victims turning to payday loans
WTOL, OH - Sep 12, 2007
AP - September 12, 2007 8:15 AM ET FINDLAY, Ohio (AP) - Ohio consumer advocates are concerned that victims of last month's floods may turn to payday loans .
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Steve Bucci: Say no to payday loan; get some budgeting help instead - Arizona Daily Star

Steve Bucci: Say no to payday loan; get some budgeting help instead
Arizona Daily Star, AZ - Sep 13, 2007
Q I'm deep in debt with payday loans. Is there a solution for paying off or getting payment plans on these types of loans, or am I out of luck? .
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