Payday Loan News Blog
Payday Loan News Blog

Pay Day Loan Blog Archive:


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    Payday Loan News Blog ...
     
    > Payday Loan Lead Generators Settle FTC Charges ... June 25, 2008
     NEW YORK -- Two payday loan lead generators have agreed to settle Federal Trade Commission charges that their Internet advertising stated payday loan costs and repayment periods without disclosing annual percentage rate ( APR ) information as federal law requires... cont...
    > Toronto MP calls for payday loan crackdown ... June 25, 2008
     TORONTO, ONT -- Canada is beginning to regulate its payday lending industry, but applying to borrow fast cash online still means entering a legal black hole. "It seems they are slipping through the cracks," federal New Democrat industry critic Peggy Nash said... cont...
    > City Council approves 180-day motatorium on new Payday stores ... June 25, 2008
     PEORIA, IL -- No new payday or title loan companies can open in Peoria for the next 180 days. The City Council voted 10-1 on Tuesday to approve a 180-day moratorium on zoning certificates for payday and title loan stores... cont...
    > Signatures filed for industry-led payday-loan initiative ... June 23, 2008
     ARIZONA -- A proposal to regulate Arizona's payday-loan industry could become the first citizens' initiative to qualify for the November ballot now that supporters have turned in petitions with more than 265,000 signatures... cont...
    > Payday lenders strive to shed image as predators ... June 21, 2008
     OVERLAND PARK, MO -- With the economy weakening and cash-strapped consumers living paycheck to paycheck, you’d think business would be booming at QC Holdings Inc., the Overland Park-based payday lender. You’d be wrong... cont...
    > Crack Down on Payday Loans ... June 21, 2008
     PEORIA, OH -- Fast Cash. Bad Credit...No Credit... You've probably seen the ads and now some Peoria officials are cracking down on the industry. City leaders say the number of cash advance stores in Peoria has doubled in the past year, and they want to put a stop to it... cont...
    > Payday-loan supporters must recraft petition ... June 20, 2008
     COLUMBUS, OH -- Attorney General Nancy H. Rogers decided yesterday that a group of payday lending supporters were not being truthful in how they described a law they want voters to overturn. The committee must now rewrite its petition summary and submit it again... cont...
    > NAACP To Target Payday Lenders ... June 19, 2008
     UTAH -- Representatives of the Salt Lake Branch of the NAACP says so-called payday lenders will be in their crosshairs when lawmakers convene in January. "A quarter of the states in this country have outlawed them. Connecticut, Georgia, Maine, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont and West Virginia. It's my hope we'll add Utah to that list," says Executive Committee Member Edward Lewis Jr... cont...
    > Voters May Decide Fate of Payday Loans ... June 19, 2008
     KANSAS CITY, MO -- The fight between state lawmakers and payday lenders has entered a new phase as the industry is attempting to get on the ballot this fall in Ohio and Arizona and take its case directly to voters... cont...
    > Some cash-advance loans may carry excessive fees, charges ... June 19, 2008
     CLINTON, MS -- Who does not want "quick cash?". The offers sound enticing, but financial counselors encourage people to do their research before taking out a payday loan, also known as a cash advance... cont...
    > Payday loan industry fights interest cap ... June 18, 2008
     OHIO -- The payday loan industry is backing a November referendum that would reverse the 28 percent cap on interest rates approved by the Ohio legislature. The ballot initiative is the latest strategy in the industry's fight to keep payday loans from disappearing altogether as a result of capping interest rates, Stateline.org reported Wednesday... cont...
    > Payday loan foes fail to get measure on ballot ... June 16, 2008
     ARIZONA -- Rep. Marian McClure, R-Tucson, said Monday there is no way she can get the more than 153,000 signatures by July 3 to put her measure on the November ballot. In fact, McClure conceded her all-volunteer campaign to make payday lending illegal has produced only about 30,000 signatures... cont...
    > Economic bust is boom for some ... June 15, 2008
     COLUMBUS, OH -- For Joe "Snatch Man," there is no economic slowdown. He spends his days repossessing the cars and trucks that folks can no longer afford. "People lose their job, then goes their car or their house," he said, asking not to be identified because of his work. "It's happening more and more, and I don't see things getting any better."... cont...
    > CheckCity.com Offers Payday Advance Loans in Arizona ... June 13, 2008
     ARIZONA -- CheckCity.com has been licensed by Arizona to give payday advance loans and has begun offering cash advances to residents of Arizona directly over the Internet... cont...
    > Payday lending offices form plan to fight new bill ... June 11, 2008
     OHIO -- A plan is in place to overturn legislation that would put tougher restrictions on the payday loan industry. House Bill 545, which was signed by Gov. Ted Strickland on June 2 and becomes effective Sept. 1, would lower the maximum allowable annual interest rate on payday loans... cont...
    > Money Mart welcomes Ontario legislation on payday loans ... June 10, 2008
     ONTARIO -- National Money Mart Company, a subsidiary of Dollar Financial Corp (NASDAQ: DLLR) and Canada's leading convenience financial service provider today welcomed new legislation passed by the Ontario government that will balance strong consumer protection with a viable payday loan industry... cont...
    > Ontario Passes Payday Rate Cap Legislation ... June 10, 2008
     ONTARIO -- The Ontario legislature unanimously passed The Payday Loans Act, 2008 (Bill 48) Monday. The Act requires lenders to include all charges consumers are required to pay in the total cost of borrowing, allows borrowers to cancel payday loan agreements during a cooling-off period, and requires payday loan operators to contribute to a public education fund on payday lending... cont...

     

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