Payday Loan News for 12/10/2006



CFSA: Report on Payday Loans Doesn't Add Up - Yahoo! News (press release)

CFSA: Report on Payday Loans Doesn't Add Up
Yahoo! News (press release) - Dec 7, 2006
. think payday lenders offer a valuable service and that 90% of customers are satisfied with their understanding of the terms and costs of payday loans. .
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House committee kills cap on payday loan rates (WDBJ 7 Roanoke)
RICHMOND, Va. (AP) -- Payday lenders in Virginia won't have to limit interest rates on loans...

Why Payday Loans are for Emergencies Only
We can supply you with fast no teletrack payday loans. . Payday loans are intended to help people pay off their debts in pressing situations. . However, you should know that the fees on payday loans are often higher than fees on ...

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...

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...

Easy loans often come at high cost - Bellingham Herald

Easy loans often come at high cost
Bellingham Herald, WA - 10 hours ago
. Bremner eventually was getting payday loans from four different companies, her loans totaled $1,600, and her interest payments added up to more than $400 a .
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Personal Finance - Three Quick & Simple Ways to Improve Your .
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State will target high-rate payday loans for military - San Diego Union Tribune

State will target high-rate payday loans for military
San Diego Union Tribune, United States - Dec 5, 2006
SACRAMENTO EUR San Diego's top military commanders will again call for a crackdown on high-interest payday loans, months after a measure collapsed amid .
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Bill aims to curb payday loans in Va. - Richmond Times Dispatch

Bill aims to curb payday loans in Va.
Richmond Times Dispatch, VA - Dec 2, 2006
. The lenders argue that consumers want and need their services, pointing to 445,000 Virginians who took out 3,372,000 payday loans last year. .
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Advocates push for cap on interest rates for payday loans - WDBJ7.com

Advocates push for cap on interest rates for payday loans
WDBJ7.com, VA - Dec 4, 2006
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 .
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Low Interest Debt Consolidation Loans Will Solve your Problems
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Can Payday Loans Really Help You Get By In a Financial Emergency?
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Payday Loans can be a Vicious Cycle
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Dave Zweifel: Payday loans victimize the neediest - The Capital Times

Dave Zweifel: Payday loans victimize the neediest
The Capital Times, WI - Dec 4, 2006
By Dave Zweifel. The so-called payday lending industry collects 90 percent of its revenues from borrowers who cannot pay off their loans when due. .
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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...

Lawmakers Kill Proposal Limiting Interest on Payday Loans - WRIC

Lawmakers Kill Proposal Limiting Interest on Payday Loans
WRIC, VA - Dec 5, 2006
A General Assembly committee has killed a proposal that would have limited interest rates on short-term payday loans. The House .
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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...

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...

Pros and Cons of Payday Loans
We have the best fast no teletrack payday loans and no faxing no teletrack payday loans to satisfy all of your inquiries about 200 no telecheck payday loans . . Payday loans are not recommended if you need a large loan or are unable ...

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...

Report says states should cap payday loans at 36% (Army Times)
All states should consider capping interest rates on loans at 36 percent, says a report released Thursday on payday lending...

Payday loans under attack - Detroit Free Press

Payday loans under attack
Detroit Free Press, United States - Dec 4, 2006
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 .
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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...

Payday loans bill fails; talks to go on - Daily Press

Payday loans bill fails; talks to go on
Daily Press, VA - Dec 6, 2006
. high-interest, short-term loans. O'Bannon's bill would not have banned payday loans outright. Repealing the law would have required .
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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...

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The Exorcism of Payday Loans
The difference between payday loans and cash advance loans almost no longer exists. Lenders dealing with payday loans now offer flexible repayment schedules (they are no longer due in full the next pay day) and even reschedules if the ...

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Payday loans: State, feds have an obligation - Jackson Clarion Ledger

Payday loans: State, feds have an obligation
Jackson Clarion Ledger, MS - Dec 4, 2006
As The Clarion-Ledger reported in September, check-cashing services offering exorbitant interest rates - or "payday loans" - have sprung up across the state. .
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