Payday Loans News
The Risks of Online Payday Loans.
California business regulators are stumbling in their efforts
to locate and ban a unlicensed form of high-interest consumer credit:
payday loans available on the Internet.
Fixing payday-loan law is legislators' job.
The Ohio Department of Commerce told state legislators yesterday
that if they think there is a problem with new payday lending regulations,
the fix needs to come from the General Assembly.
Va. bill cracks down on car title, payday loan lenders.
A Virginia senator introduced legislation Thursday to crack down on
car title lenders while also taking on payday lenders who are getting
around new regulations that took effect Jan. 1.
Legal Ruling In Favour of Payday Loan Companies.
WINNIPEG — A Manitoba legal ruling has given the payday
loan industry at least a temporary victory against attempts by the
province to cap the rates they charge.
More Oklahomans turning to payday loans.
With a sluggish economy, more Oklahomans are turning to high-cost
loans with equivalent annual interest up to 500 percent or more to
make it through tough times.
Kansas law requiring license for Internet payday lenders.
A Kansas law requiring Internet payday lenders to obtain a license
to do business in the state does not unduly burden interstate commerce,
a federal appeals court has ruled.
Bad Credit Loans In Ohio.
Lenders are focusing more on services like pawn brokering
and gold buying, and some are applying for licenses under other Ohio
loan laws.
Official aims to limit payday loans online.
Nevada payday lenders should be barred from making loans over the
Internet to protect consumers in other states, a state official proposed
Friday.
Payday loan companies face vote.
Payday loan companies have nearly 650 stores and employ 2,500
employees within Arizona. After the November elections, that could
all change.
Valley Consumers Turn To Payday Loans.
The tough economy is making it harder to pay the bills, and
many Valley residents are turning to payday advance loans.
Financially Desperate People Turning to Payday Advance Loans.
While some businesses are closing their doors, payday loan
stores are thriving in these tough economic times. People are using
the fast cash approach to pay bills, buy food, even make their house
payment.
Bill aims for payday loan alternatives.
Sen. Daniel K. Akaka, D-Hawai‘i, introduced legislation recently
to improve access to banks and alternatives to payday loans.
The bill creates two grant programs within the Department of the Treasury.
Group says bank overdraft fees rival payday loans.
However, the state Supreme Court has ruled that payday
lenders charge interest on short-term loans, often
running into triple digits when converted into an annual percentage
rate, well above the state's usury limit.
Some lenders will have cap on interest rates.
CONCORD – New Hampshire will join the ranks of states with restrictions
on how much lenders can charge for short-term, payday and
title loans following Gov. John Lynch's signature on two
new state laws this week.
Beware of payday and other dangerous loans.
Payday lenders have proliferated in Petersburg and the Tri-Cities
region. They were made legal under Virginia law not long ago. They
are therefore legal, but not right. They are very dangerous to your
financial health and well-being.
Payday Loans
There's been a steady increase in the number of pay day lenders in
the state, and some say that increase, leads to an increase of debt
for a growing number of people.
US FTC Reaches Settlement With Payday Loan Lead Generators.
The Federal Trade Commission announced Tuesday that it reached
a settlement with two payday loan businesses that didn't list interest
rates for advertised loans.
Payday Loan Reform could be on November ballot.
A measure to change the way payday loan
companies do business could be on the November ballot.
Online lenders elude new laws for payday loans.
Canada is beginning to regulate its payday lending industry,
but applying to borrow fast cash online still means entering a legal
black hole.
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