News About the Ever-Changing Payday Advance Industry
Monthly Archive
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, 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…
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'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.
South Carolina — Advocacy groups are pressing the South Carolina General Assembly to limit the number of payday loans borrowers can have. Currently, South Carolina law limits the size of cash advance loans to $300 and a max fee of $45…