Payday Loan News for 12/13/2006
| Officials working on rules for loan interest rate cap (Army Times) As Defense officials begin their work on regulations to implement a federal law that caps interest rates at 36 percent on small consumer loans to military members, they are tackling some big questions... | |
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Payday Mayday: The law should treat adults as adults - Seattle Times
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Wichita legislator to introduce bill capping payday loan interest (KSHB-TV Kansas City) WICHITA, Kan. (AP) EUR When state lawmakers in North Carolina capped the amount of interest payday loan companies could charge for short-term loans, the industry went bust in that state... | |
Democrats take aim at title loans (Waterloo Cedar-Falls Courier) DES MOINES --- Democratic Statehouse leaders vowed Monday to crack down on high-interest car title loans when they take over the Legislature next month... | |
House Democrats plan to put a stop to car title loans with huge interest rates (Quad-City Times) TODAY: (Updated 12:28 p.m.) DES MOINES EUR” Democratic Statehouse leaders say they plan to crack down on high-interest car title loans when they take control of the Legislature next month... | |
Proposal would cap payday loan interest (Arkcity.net) WICHITA (AP) -- When North Carolina lawmakers capped the amount of interest payday loan companies could charge their customers for short-term loans, the industry went bust in that state... | |
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Easy loans often come at high cost - Bellingham Herald
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Legislator targets payday lenders (The Wichita Eagle) A Wichita legislator wants to place a cap on the interest charged by payday and car title loan stores -- an annual rate that is currently as high as 390 percent a year... | |
Will state take action on payday loans? - Lawrence Journal World
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Recent Legislative Summaries from the Library of Parliament The expanding presence of payday loan companies suggests that some Canadians are willing to pay rates of interest in excess of those permitted under the Criminal Code for their payday loans. Bill C-26 is designed to exempt payday loans ... | |
Steep fees on payday loans contribute to dangerous cycle of debt . - MarketWatch
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Report: Payday Loans Cost at Least $4.2B - Houston Chronicle
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Payday loans facing challenges in state - The Free Lance-Star
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Will state take action on payday loans? - 49abcnews.com
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Payday loan association welcomes move to regulate lending in Canada (Investment Executive) The Canadian Payday Loan Association (CPLA) today credited the federal government for moving swiftly to allow provinces the authority to regulate the payday loan industry... | |
Miller, Leaders Pledge New Restriction on Title Loans (KCRG-TV9 Cedar Rapids) AP - Iowa Democratic leaders are joining with Attorney General Tom Miller in pledging to pass new restrictions on car title loans... | |
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... | |
Californians take lion share of payday loans - San Jose Mercury News
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Wichita legislator to introduce bill capping payday loan interest (NewsChannel 10 Amarillo) WICHITA, Kan. When state lawmakers in North Carolina capped the amount of interest payday loan companies could charge for short-term loans, the industry went bust... | |
Efforts renewed to control excessive cost of payday loans - USA Today
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Payday loans bill fails; talks to go on - Daily Press
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