Class action lawsuit against payday loan company
Thunder Bay, Ontario — There's been a class action lawsuit against the parent company of the two former Instaloans in Thunder Bay.
Yearly Archive
Archive: 2005
Georgia Payday Loan Companies Closing
Bainbridge, Georgia — Just recently five payday loan companies have voluntarily shut down in Bainbridge. Two more payday loan companies, "Money Now" and "Fast Cash Title Pawn" are on trial. If found guilty, this will add two more companies…
Michigan Governor Signs Payday Loan Bill
Lansing, MI — After the Senate and House approved the Michigan payday loan bill, Governor Granholm signed the piece of the legislation. This new law regulates payday lending in Michigan.
County Bank To Leave Payday Loan Industry
Rehoboth Beach, DE — County Bank is ending its eight-year involvement in the industry of payday advances. Harold L. Slatcher, president of the Rehoboth Beach, Delaware-based bank, said Tuesday that the bank will end all partnerships with…
House approves Michigan Payday Loan law
Lansing, MI — Michigan will soon join the list of states with consumer protection again payday loan lenders. Previously, Michigan was just one of fourteen states without any protection.
Chattanooga Seeks Control Over Payday Loan Stores
Chattanooga, TN — The city council is looking into a way to control the rapid growth of payday advance loan shops, pawn shops, title pawn outlets and check cashing stores. Currently, these stores are lining Brainerd Road, Rossville…
Payday Loan Businesses Look to Extend Arizona Law
Mesa, AZ — Arizona payday loan companies are seeking to extend a 1999 payday loan law that will allow payday lenders to continue to operate in Arizona. The lenders have agreed to make changes in their practices if the state extends the law.
Phoenix to Restrict Payday Loan Locations
Phoenix, AZ — Phoenix planners are drafting an ordinance that would require that payday loan stores must be at least 1,000 feet apart. While city officials admit that these new zoning laws won't change lending practices of stores that…
New Mexico A.G. Proposes Strict Payday Loan Regulations
Clovis, NM — The New Mexico attorney general's office is concerned about the lending practices of payday loan companies and is proposing stricter regulations.
Pennsylvania Attorney General Shuts Down Payday Loan Website
Pennsylvania's Attorney General shut down payday loan website owned by Ace Pays, Inc. The website was advertising payday loans that charged more than 600% APR.