Latest Payday Loan news:

ST. ANN: City caps number of payday loan companies
Now there are six, but at some point there will be no more than three high-interest, short-term loan companies operating in St. Ann.
Read more News Source - North County Journal
Publish date - 06:08:14 07/20/08

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Durbin seeks cap on consumer loan interest rates
Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.
Read more News Source - Chicago Tribune
Publish date - 16:20:55 07/19/08

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Group says bank overdraft fees rival payday loans
LITTLE ROCK - As co-founder of Arkansans Against Abusive Payday Lending, Hank Klein was one of the first in the state to cry foul about the industry's use of the term "fee" to describe its charges for short-term loans.
Read more News Source - The Morning News
Publish date - 23:34:02 07/19/08

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Two payday lenders close in MH
Two payday lending businesses in Baxter County have complied with an Arkansas Attorney General's Office order and surrendered its state licenses, according to a recent payday lending report.
Read more News Source - Baxter Bulletin
Publish date - 10:10:00 07/19/08

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Payday Lenders Still Open
LITTLE ROCK — About one-third of the payday lending operations Attorney General Dustin McDaniel ordered to shut down or face lawsuits are still up and running after adopting new business models to try to avoid regulation, opponents of the practice said Wednesday.
Read more News Source - Times Record
Publish date - 06:21:17 07/18/08

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Group: Some payday lenders still operating despite order
By Jason Wiest Arkansas News Bureau LITTLE ROCK - About one-third of the payday lending operations Attorney General Dustin McDaniel ordered to shut down or face lawsuits are still up and running after adopting new business models to try to avoid regulation, opponents of the practice said Wednesday.
Read more News Source - Arkansas News Bureau
Publish date - 19:20:34 07/17/08

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Title loan backfires on Pontiac man
PONTIAC -- Joseph Ledford was desperate when he obtained a $965 loan from Title Cash of Illinois in Normal two years ago.
Read more News Source - The Pantagraph
Publish date - 09:20:36 07/18/08

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Council approves ordinance affecting lenders
The Granite City Council at its meeting Tuesday passed an ordinance licensing and regulating lenders of payday loans.
Read more News Source - Granite City Press-Record
Publish date - 05:40:30 07/20/08

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55 Payday Lenders, Including Jonesboro Business, Refuse to Shut Down
JONESBORO, AR (KAIT) - State A.G. McDaniel releases a list of payday lenders that refuse to shut down in Arkansas and Jonesboro has one on the list.
Read more News Source - KAIT Jonesboro
Publish date - 13:40:45 07/17/08

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Report: Ark. payday lenders escape regulation
A third of the payday lenders that Attorney General Dustin McDaniel ordered to shut down or face the possibility of lawsuits have remained open and restructured their businesses to avoid Arkansas regulation, an advocacy group said in a report released Wednesday.
Read more News Source - AP via Yahoo! Finance
Publish date - 20:40:03 07/16/08

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Report: Arkansas payday lenders escape regulation
LITTLE ROCK—A third of the payday lenders that Attorney General Dustin McDaniel ordered to shut down or face the possibility of lawsuits have remained open and restructured their businesses to avoid state regulation, an advocacy group said in a report released Wednesday.
Read more News Source - Texarkana Gazette
Publish date - 13:19:01 07/17/08

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Big role for church credit unions sought
You'd think a man of the cloth would make an ideal candidate for a bank loan.
Read more News Source - Boston Globe
Publish date - 06:30:21 07/19/08

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Title loan backfires on Pontiac man
PONTIAC -- Joseph Ledford was desperate when he obtained a $965 loan from Title Cash of Illinois in Normal two years ago. Ledford was on disability from his job at Kmart, and his wife was recovering from several surgeries. They needed money to pay rent.
Read more News Source - The Pantagraph
Publish date - 12:43:52 07/17/08

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Payday lenders given green light on signatures
SPRINGFIELD — Payday lenders were given the go ahead to collect signatures for a ballot referendum that would overturn a portion of legislation that limited their interest rates to 28 percent.
Read more News Source - Springfield News-Sun
Publish date - 22:35:42 07/15/08

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Del. economy should see a rebound in mid-2009
What does last week's economic turmoil mean to Delaware residents? Reporter Jeff Montgomery put the questions about the likely economic impact upon the state to John Stapleford (right), professor of economic development at Eastern University in...
Read more News Source - The News Journal
Publish date - 07:55:07 07/20/08

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