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.