Payday Loan Article

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Poughkeepsie Journal - Rebate checks from the U.S. Treasury will be headed to the hands of Americans as part of the economic stimulus package designed to counteract recessionary trends. About 941,000 such checks, for at least $600 and many into the thousands, are headed ...

Schumer: Beware of payday loan vendors

Lynchburg News and Advance - If reforming the payday loan industry is better than getting rid of it altogether, the House of Delegates has come up with a good compromise. It’s now up to the Senate to approve the same or a similar measure that would free those who use the loans ...

Compromise That's Needed for Paydays

Tampa Bay Online - These people always get paid, rain or shine," says William Harrod, a former manager of payday loan stores in suburban Virginia and Washington, D.C. Business, Page 6 •An analysis of data from the U.S. Department of Housing and Urban Development shows ...

High-Interest 'Payday Loans' Trap Elderly, Disabled

Nashua Telegraph - This week, the New Hampshire Senate is expected to vote on HB 267, a bill that would place a 36 percent interest rate cap on so-called "payday loans." I applaud the actions of the New Hampshire House, which has already passed this bill, and the ...

Senate urged to back payday loan legislation

WJLA - Those trapped in debt by payday loans would have dramatically longer to repay a loan under an industry reform bill passed Tuesday by senators who said they wanted to protect the vulnerable while leaving the option open for responsible borrowers. The ...

Virginia Senate Introduces Payday Lending Reform Legislation

Glasgow Daily Times - I want to applaud Rep. Johnny Bell’s efforts in filing a bill to impose more restrictions on the payday loan business. A recent study done by an advocacy group called Kentucky Youth Advocates say the short-term, high-interest loans cost Kentuc ...

To the Daily Times

Newton Kansan - Payday loan establishments seem to be growing like weeds in some areas — and that concerns some area residents. Sunflower Community Action, a Wichita-based nonprofit organization, is trying to raise awareness to the growing problem this type of ...

Group wants payday loan restrictions

MSNBC - Although a payday loan typically requires a customer to have an existing bank account -- the borrower gives the lender a personal check for the amount of the loan plus the service fee and gets it back when the loan is repaid -- check-cashing services ...

Putting the Unbanked in a Chokehold

Mid-Hudson News Network - ... shot in the arm for Upstate New York taxpayers who are struggling, not open season for scam artists.” The New York senator said he would lead a bi-partisan effort to crack down on those loans and called on payday loan vendors an ...

Senator warns of scammers trying to take advance of tax rebates

CNW Group - "The BCPLA welcomes the consumer protection measures introduced by the BC Government and will provide a credible, unified voice for small and medium-sized lenders throughout the consultation process." Kevin Isfeld, BCPLA President KAMLOOPS, BC, Feb ...

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