Latest Payday Loan news:

Payday Loan Defendant Settles FTC Charges; Illegally Tried to Garnish Borrowers' Wages
One of the owners of a payday loan and debt collection operation has agreed to settle Federal Trade Commission charges for his role in a scheme that illegally tried to garnish borrowers wages and used other illegal debt-collection practices.
Read more News Source - Federal Trade Commission
Publish date - 14:08:46 09/02/10

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Payday loan initiative draws praise, criticism in Great Falls
Proponents of an initiative that would cap the interest rate for payday and title loan lenders held a rally in Great Falls on Wednesday.
Read more News Source - KXLH Helena
Publish date - 23:55:29 09/01/10

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I-164 amis to cap payday loan rates
MISSOULA - An initiative to cap payday loan rates is on the ballot for the first time in Montana's history as over 27,000 voter signatures were collected to put I-164 on the election ballot.
Read more News Source - KPAX Missoula
Publish date - 02:28:51 09/02/10

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Critics approve of payday-loan rules
DENVER - Payday-loan critics won another victory Tuesday when the attorney general's office adopted rules that require lenders to refund more fees when borrowers repay their loans early.
Read more News Source - The Durango Herald
Publish date - 05:36:31 09/01/10

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NEW: Payday loan business robbed in Wood River
WOOD RIVER - Police are searching for a woman suspected of robbing a "payday loan" business during lunch. The black female reportedly entered the Cash Store, 629 Wesley Ave, around 12:30 p.m. wearing all black, including a ski mask and sunglasses, and brandished a handgun and demanded money.
Read more News Source - The Telegraph
Publish date - 18:33:09 08/31/10

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AboutPaydayLoan.com Wants Payday Loan Content Contributors
Today the website officially announced that it is looking for payday loan content contributors in order to bring more payday loan education to its users. The website has formed an alliance with other payday loan sites, such as Payday Loans Max, and payday loan blog, in order to advocate responsible payday lending.
Read more News Source - PRWeb via Yahoo! News
Publish date - 10:07:50 09/01/10

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Montana Voters Will Decide Payday Loan Laws
Opponents worry an initiative to cap interest rates on payday loans could drive them out of business. Voters will decide Initiative 164 in November. Wednesday, supporters rallied in Missoula. Right now, lenders can charge more than 400% interest annually.
Read more News Source - KTVM Butte
Publish date - 05:05:25 09/02/10

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State payday loan fight a Madigan family affair
The Watchdogs: The effort to crack down on "payday loans" in Illinois claimed a big victory in the Legislature last spring: passage of a state law setting new caps on the high interest rates lenders charge and also expanding the state's tracking system to help ensure that consumers don't end up borrowing more than they can repay.
Read more News Source - Chicago Sun-Times
Publish date - 08:00:25 08/31/10

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Madigan Family Benefits From Payday Loan Bill
Representative Michael J. Madigan In the spring, payday loan reform passed the Illinois legislature , capping high interest rates for consumers and expanding a tracking system to keep tabs on lenders. While the measures certainly benefited borrowers of high interest loans, the Sun Times reports that the Madigan family benefited from the loan as well. Lobbyist Jordan Matyas, son-in-law to House ...
Read more News Source - Chicagoist
Publish date - 18:51:31 08/30/10

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New coalition fights payday loans
A number of social policy groups have joined forces in a campaign to put limits on payday lending in Texas.
Read more News Source - Waco Tribune-Herald
Publish date - 06:56:53 09/02/10

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AG office: Loan fees refundable
DENVER — Payday lenders will be required to give pro-rated refunds to customers who pay off their loans early.
Read more News Source - The Pueblo Chieftain
Publish date - 06:05:35 09/01/10

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Arkansas trying to shut down payday lenders
Dear Action Line: Do you know anything about Arrowhead Investments Inc., which is offering payday loans over the Internet? - S.B., Tulsa.
Read more News Source - Tulsa World
Publish date - 07:23:07 09/02/10

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Payday Lenders Question The Implications of House Bill 1351 in Colorado, Reports About Payday Loan
According to About Payday Loan, recently in Colorado, House Bill 1351 was passed in an attempt to limit APR’s for payday loans in Colorado, but critics from both sides are now questioning the true implications of HB 1351 for both consumers and payday lenders.
Read more News Source - PRWeb via Yahoo! News
Publish date - 08:07:24 08/28/10

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Should “Payday Loans” Be Outlawed?
Over the years I’ve seen many articles critical of the short-term financial product commonly known as a “Payday Loan.” They have been termed abusive for their high interest rates and the fact that people often have multiple loans and fall...
Read more News Source - New America Media
Publish date - 01:56:58 09/01/10

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Wood River police looking for woman accused in armed robbery
WOOD RIVER -- Police are seeking a woman suspected of using both a gun and a knife to rob a payday loan store in the city. At approximately 12:30 pm on Tuesday Aug. 31, the Wood River Police Department received a 911 call from a female reporting an armed robbery at the Cash Store, 629 Wesley Drive.   The caller reported that a black female had entered the store and displayed a handgun and a ...
Read more News Source - KMOV St. Louis
Publish date - 14:22:35 09/01/10

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