Payday Loan News for 12/07/2006
State will target high-rate payday loans for military - San Diego Union Tribune
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Lawmakers Kill Proposal Limiting Interest on Payday Loans (WRIC 8 News Richmond) A General Assembly committee has killed a proposal that would have limited interest rates on short-term payday loans. The House Commerce and Labor Committee voted 10-to-8 against the bill Tuesday... | ||
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Advocates push for cap on interest rates for payday loans - WDBJ7.com
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Steep fees on payday loans contribute to dangerous cycle of debt . - MarketWatch
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Advocates push for cap on interest rates for payday loans (WRIC 8 News Richmond) RICHMOND, Va. Consumer advocates today reiterated the need to limit high-interest, short-term payday loans to the same 36 percent annual interest rate cap that applies to... | ||
Advocates push for cap on interest rates for payday loans (WDBJ 7 Roanoke) RICHMOND, Va. Consumer advocates today reiterated the need to limit high-interest, short-term payday loans to the same 36 percent annual interest rate cap that applies to other lenders in Virginia... | ||
Payday loans under attack - Detroit Free Press
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Lawmakers kill proposal to limit interest rates on payday loans (NBC 12 Richmond) Payday lenders in Virginia won't have to limit interest rates on loans. A House of Delegates committee today killed a proposal to limit the high-interest, short-term loans to the same annual interest rate cap applied to other lenders in Virginia. Right now, that cap is 36-percent. The vote on the measure was 10-8 against... | ||
Committee says payday loans can stay (Danville Register Bee) RICHMOND - The owners of Danvilles 20 payday loan stores can sleep a little better tonight. The House Committee on Commerce and Labor voted 10-8 Tuesday against legislation that could have shut down their businesses by July 2008... | ||
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Payday loans bill fails; talks to go on (Daily Press) A panel voted against a measure to stop payday lending, but one lawmaker says it will come up again. A House of Delegates panel rejected a bill designed to end payday lending in Virginia Tuesday, but some lawmakers vowed to seek tighter controls on the controversial industry... | ||
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Post Comment Payday loans: State, feds have an obligation (The Clarion-Ledger) As The Clarion-Ledger reported in September, check-cashing services offering exorbitant interest rates - or "payday loans" - have sprung up across the state. Now, federal officials are taking an interest... | ||
Payday loans: State, feds have an obligation - Jackson Clarion Ledger
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Lawmakers Kill Proposal Limiting Interest on Payday Loans - WRIC
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Payday loans (BendBulletin.com) The Bulletin perpetuates the harmful elitist attitude that payday loan opponents have toward the product's client base when it states, "Anybody paying 500 percent annual interest on a loan has to be foolish, desperate or not realize what they are doing.".. | ||
Dave Zweifel: Payday loans victimize the neediest - The Capital Times
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Efforts renewed to control excessive cost of payday loans - USA Today
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Report: Payday Loans Cost at Least $4.2B - Houston Chronicle
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CFSA: Report on Payday Loans Doesn't Add Up - Yahoo! News (press release)
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Payday loans under attack (Detroit Free Press) One of the nation's top banking regulators last week announced new efforts to develop alternatives to payday loans and other high-cost products, citing a huge gap in the cost of credit that is penalizing disadvantaged borrowers... | ||
CFSA: Report on Payday Loans Doesn't Add Up (PR Newswire via Yahoo! Finance) The recent report from Center for Responsible Lending , "Financial Quicksand," purposely deceives consumers and policymakers by using "evidence" that simply does not exist. The entire report should be discredited, according to the Community Financial Services Association of America , the national trade association of responsible payday lenders... |
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