News About the Ever-Changing Payday Advance Industry
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Raleigh, NC — North Carolina's 567 consumer finance outlets are currently competing against unregulated payday cash advance firms. However, the industry argues that they can't competete under the state's current lending rules because the…
Atlanta, GA — Lawmakers thought it was the end of payday lending in Georgia when they voted last year to outlaw payday advances. Any companies marketing the short-term, high-interest loans would be hit with hefty fines and up to 20 years…
Detroit, MI — “They are killing us,” said a 47-year-old Detroit man, who paid $90 to take out a $500 two-week loan last Friday at the Check ‘n Go store near the Imperial Super Market on East 8 Mile Road in Detroit.
San Diego, CA - Military and state government officials have begun a crackdown on “predatory lending” businesses that target military personnel, who are often young and financially inexperienced. Wayne Strumpfer, acting commissioner of the…
Las Vegas, Nevada - North Las Vegas enacted a six-month moratorium (temporary ban) on new payday loan companies Wednesday.
Omaha, Nebraska — Payday lending services are strewn about the city of Omaha. “It’s modern-day loan sharking, but it’s sanctioned by law at this moment,” said Danielle Nantkes, attorney at Nebraska Appleseed, a non-profit consumer-advocacy…
According to the Community Financial Services Association of America, more than 15,000 payday advance locations across the country extend about $25 billion in short-term credit annually.
Army Chief Warrant Officer 2 Thomas Burden and an intern dressed in a shark costume for a congressional news conference called to get support for capping the interest rates charged on quick cash loans (also known as payday loans) under…
Tampa, Florida — Marketdata Enterprises, Inc., has released a new 104-page report entitled: Check Cashing, Money Transfer, Payday Loan Services & Pawnshops: A Market Analysis. They found 35% of the U.S. population, or 12 million…
Augusta, Georgia — Jerry Ayles, affiliated with Trihouse Payday Loans, offers his biased view on payday loans. The following views are that of Jerry Ayles, not the Payday Loan Times: