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24 hour payday loanDaily News-Record - The bill also would require a statewide database to ensure that no borrower will have more than one payday loan at a time, establish a 24-hour cooling-off period between loans and limit the number of loans per borrower to five a year, said Del. Chris ... Read more
House Committee Advances Limits On Payday LoansRoanoke Times - RICHMOND -- A bipartisan legislative coalition announced a compromise bill to regulate the payday lending ... The House bill allows a borrower no more than one outstanding loan at a time, requires a 24-hour "cooling off period" between loans, and ... Read more
Parties in accord on payday reform billWHSV - The database would be used to ensure that a borrower cannot have more than one payday loan outstanding, require a 24-hour “cooling off” period between loans, and restrict to five the annual number of loans made to any one borrower. Highlighting ... Read more
Payday Lending Reform Legislation UnveiledMilwaukee Journal Sentinel - A 24-hour snow emergency for Milwaukee that went into effect at 9 p.m. was declared Tuesday afternoon by DPW Commissioner ... A typical payday loan in Wisconsin costs more than $20 for every $100 borrowed. Banks chosen for the pilot project will offer ... Read more
Packers' McCarthy signs 5-year dealSierra Vista Herald - Jan. 24 I wonder what will be next. The Herald is now blessing us with Tom ... Yet the police are on my street issuing tickets for going seven miles per hour ... I bet you can't find me a single person who has gotten a payday loan who buys beans and ... Read more
On Your MindCommon Dreams - ... fortunes were being made in the time it takes to say “IPO,” my $6-to-$8-an-hour ... to low-income people than to the wealthy — 39 percent compared with 24 percent ... is starting to wear a little thin now that the “Sub-prime”-(read garbage loan ... Read more
The Boom Was a Bust for Ordinary PeopleWashington Post - ... huge flow of political news this week, and we'll get into lots of that this hour ... who seem ready to cave once again to the lobbying and deep pockets of the payday loan ... know the details of Virginia law on private gun sales, but I do know that 24 ... Read more
Who's BloggingWashington Post - Today's Column : In Cyberspace, Everyone Can Hear You Scream ( Post, Jan. 24 ) ... More on this later in the hour, but now, a short detour into some other issues ... Not all payday loan users are minority and/or low-income users who get caught in the ... Read more
Who's BloggingCommon Dreams - ... are too high on “adjusted up” mortgages, some car loans, credit cards and payday ... How long will our children be in debtors prison to repay the loan? If our Fascist ... Box retailer which sells 75-90% imported goods, the cashier that makes $7-8/hour ... Read more
A Tax Rebate Won’t Fix This MessPalm Beach Post - WEST PALM BEACH — Tiffany Kelly was a 24-year-old single mother earning $6.50 an hour when she went into a check-cashing store to get a loan to make ends meet. Embarrassed to be seen in such straits, she signed the paperwork quickly and walked out ... Read more
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