New Mexico Attorney General Seeks Cap On Payday Loans
Albuquerque, New Mexico — Attorney General Patricia Madrid, following a legislative failure, wants to cap payday loan rates in New Mexico using her rule-making authority.
Monthly Archive
Archive: September 2005
Jacksonville Payday Loan Bill Back On Track
Jacksonville, FL — The Jacksonville payday loan ordinance crafted by Council President Kevin Hyde is on track for an October 11 vote by the full Council. In addition it still needs approval from the Land Use and Zoning Committee.
Advance America Suspends All N.C. Lending
Raleigh, NC — Advance America Cash Advance Centers suspended lending in North Carolina today after its out-of state bank partner said it would no longer finance the loans.
Michigan Senate Votes For Tougher Payday Loan Regulations
Lansing, MI — The Senate voted Tuesday to approve a bill that would regulate the payday loan industry by limiting amounts of the cash loans and capping finance charges. But the House wanted to take a closer look at some provisions included…
Canadian Provinces To Control Payday Loans
Winnipeg, Canada — After months of lobbying, the Canadian federal government has agreed to give the provinces the power to crackdown on the payday loan industry.
Henderson City Council May Limit Payday Loans’ Growth
Las Vegas, NV — The Henderson City Council is concerned that the payday loan industry is growing too fast in Henderson. Although they recently allowed two more payday loan stores to open, they scolded the industry for its perdatory…
Payday Loans Still Growing In Colorado
Denver, CO — In 2004, the house passed a state law, HB 1394, allowing small installment loans in Colorado. The law was intended to allow select "supervised lenders" to make high interest loans that would compete with payday lenders.