News About the Ever-Changing Payday Advance Industry
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Louisville, Kentucky — Advance America, of Spartanburg, S.C., announced last week that it had terminated its marketing and servicing agreement with Louisville’s Republic Bank & Trust Co. and struck a new pact with First Fidelity Bank, of…
Raleigh, North Carolina — The case against Advance America, a major payday lender, will go back before the State Banking Commissioner Monday. Attorney General Roy Cooper said the lender is violating North Carolina’s consumer finance laws…
Streator, Illinois — Ginny McCauley, a Streator, Illinois woman, was on hand last month as Gov. Rod Blagojevich signed legislation that put stricter limits on the Illinois payday loan industry (House Bill 1100).
Contrary to popular belief, Canadians who frequent payday loan shops are well-educated, pocket decent incomes and don’t believe they are being ripped off.
Pima County, Arizona, may put the brakes on the meteoric growth of payday loan businesses.
Todd Hills, owner of the Westminster-based Pawn One Inc., introduced payday lending to his Jumping Jack Cash pawn shops about a year ago. After opening one stand-alone payday loan shop, Jumping Jack Cash Payday Advance, Todd Hills has seen…
Last month Illinois Gov. Rod Blagojevich signed a bill regulating predatory lenders into law.
Angered by insinuations that some lawmakers have been bought off with campaign contributions from the payday loan industry, an Oregon House committee chairman says he is going to shelve a bill that would cap rates charged by payday loan…
In Virginia, a new state law, effective today, offers military service members and their family some protection from payday loan lenders. The law prevents short-term no fax cash loan companies from garnisheeing military wages and prohibits…