Payday Loan News for 09/26/2008



Dispute over whether Ohioans should vote on payday loans continues (WKSU Kent State University)
It's still not clear whether Ohioans will definitely vote in November on a plan to crack down on those two-week "payday" loans, but that's not stopping both sides in the dispute from jockeying for position. WKSU's Bill Cohen reports...

All eyes on payday lending struggle in Ohio, Ariz. - The Associated Press

All eyes on payday lending struggle in Ohio, Ariz.
The Associated Press - Sep 23, 2008
Lenders have argued that payday loans are an individual financial choice that shouldn't be taken away by lawmakers, running a series of ads that trumpet .
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Largest Ark. payday lender says it will shut down (The Log Cabin Democrat)
LITTLE ROCK Advance America, the largest payday loan provider in Arkansas, said Tuesday it will shut down its stores in the state because of the attorney general's threat of lawsuits over its high-interest loans...

SLC planners set payday-loan store rules (The Salt Lake Tribune)
Planning bosses in Salt Lake City delivered a mixed message to the often usurious payday-lending industry: We won't restrict the number of stores in Utah's capital, but you no longer can cluster...

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Re: Loans Are Basically Frozen [Iain Murray] - National Review Online Blogs

Re: Loans Are Basically Frozen [Iain Murray]
National Review Online Blogs, NY - 8 hours ago
Which, I should add, makes it all the more important not to restrict the most realistic sources of credit to the least well-off, like payday loans .
..

Payday loan cap not new - Joliet Herald News

Payday loan cap not new
Joliet Herald News, IL - Sep 24, 2008
By BOB OKON bokon@scn1.com JOLIET -- Joliet isn't the first city to try to restrict the growth of payday loan stores. "Every week or so it seems that .
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Largest Ark. payday lender says it will shut down (INO News)
(AP:LITTLE ROCK, Ark.) Advance America, the largest payday loan provider in Arkansas, said it will shut down its stores in the state because of the attorney general's threat of lawsuits over its high-interest loans...

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First-Ever Pollara Survey on Payday Loan Consumers in Alberta - Canada NewsWire (press release)

First-Ever Pollara Survey on Payday Loan Consumers in Alberta
Canada NewsWire (press release), Canada - 3 hours ago
26 /CNW/ - The Canadian Payday Loan Association (CPLA) commissioned POLLARA to conduct a telephone survey of payday loan customers in Alberta to develop an .
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Groups for and against payday loans hit the street
The November election is still about 40 days away..but already, advocates for and against that payday loan ballot issue are out on the streets, pushing their point of view. In fact, today (Thursday), in Columbus alone, 2 groups with ...

Payday Loans Canada: Meet Urgent Demands - Best Syndication

Best Syndication

Payday Loans Canada: Meet Urgent Demands
Best Syndication, CA - 3 hours ago
In these cases, payday loans Canada can help you best to meet your urgent demands. With the onset of payday loans, you can derive the benefits of instant .
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Payday loans puzzle - Arizona Daily Star

Payday loans puzzle
Arizona Daily Star, AZ - Sep 25, 2008
By Shelley Shelton Simply hearing the initiative's more common name, the Payday Loan Reform Act, a person opposed to payday lending might think it's .
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Payday loans need to be outlawed: Goddard (The Daily Dispatch)
PHOENIX -- Attorney General Terry Goddard said Tuesday that payday loans need to be outlawed because most Arizonans who use them don't know when -- or how -- to stop...

Payday Loan Ad War Rages On (WCPN Cleveland)
The debate over payday loans continues to play out on television with a new pro-Payday ad warning about the government controlling peoples money. But anti-Payday loan groups are countering with new endorsements...

COAST favors repeal of payday lender law - Bizjournals.com

COAST favors repeal of payday lender law
Bizjournals.com, NC - Sep 23, 2008
Ohio lawmakers in May passed HB 545, which caps the annual percentage rate on payday loans in the state at 28 percent, down from the 391 percent maximum .
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Joliet's payday loan cap is not a first (The Herald News)
Joliet isn't the first city to try to restrict the growth of payday loan stores. "Every week or so it seems that there's a town that considers a restriction on stores," said Steven Schlein, a spokesman for the payday loan industry. "Some of them succeed, and some of them don't."..

Largest Ark. payday lender says it will shut down - CNNMoney.com

Largest Ark. payday lender says it will shut down
CNNMoney.com - Sep 24, 2008
Advance America, which bills itself as the nation's leading provider of payday loans, will operate more than 2800 stores in 33 states, Canada and the United .
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Payday loans: Should interest rates be capped? (The Bakersfield Californian)
About a third of state governments have followed the federal lead in capping interest rates on short-term loans often used by borrowers who live check to check. California isn't one of those states. A bill here died in committee last session, and sponsor Assemblyman Dave Jones, D-Sacramento, hasn't decided yet whether he will try again next year. In 2006, Congress capped rates on payday loans, ...

Payday Loan Ad War Rages On - 90.3 WCPN ideastream

Payday Loan Ad War Rages On
90.3 WCPN ideastream, Ohio - Sep 23, 2008
The debate over payday loans continues to play out on television with a new pro-Payday ad warning about the government controlling peoples money. .
..

All About Payday Loans|Making Wise Decisions with Payday Loans
Payday loans, cash advance loans, faxless payday loans online or whatever else they may be called are a godsend for folks with little to no credit or bad credit. They can provide you with quick cash when you need it to help get out of a ...

Groups for and against payday loans hit the street (WKSU Kent State University)
The November election is still about 40 days away..but already, advocates for and against that payday loan ballot issue are out on the streets, pushing their point of view. In fact, today (Thursday), in Columbus alone, 2 groups with opposing views held dueling news conferences. WKSU's Bill Cohen reports...

New Director Joins EZCORP Board - MarketWatch

New Director Joins EZCORP Board
MarketWatch - 2 hours ago
In 461 EZMONEY locations and 71 EZPAWN locations open on June 30, 2008, the Company offers short-term non-collateralized loans, often referred to as payday .
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Don't bet on a bailout payday (CNN Money)
Bill Gross says taxpayers could make money on the financial-sector rescue package moving in fits and starts through Congress. He doesn't have much company, though...

Payday loans in Georgia and the laws
A: Georgia payday loan laws are considered quite stringent and were designed to protect a consumer, while still allowing a flexibility and a very speedy process that only payday loans can provide. A Georgia statute passed in May 2004 ...



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