Payday Loans News
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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