Payday Loan News for 12/10/2006
CFSA: Report on Payday Loans Doesn't Add Up - Yahoo! News (press release)
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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... | |
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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
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State will target high-rate payday loans for military - San Diego Union Tribune
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Bill aims to curb payday loans in Va. - Richmond Times Dispatch
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Advocates push for cap on interest rates for payday loans - WDBJ7.com
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Dave Zweifel: Payday loans victimize the neediest - The Capital Times
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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
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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... | |
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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... | |
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
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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
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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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Payday loans: State, feds have an obligation - Jackson Clarion Ledger
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