News About the Ever-Changing Payday Advance Industry
Monthly Archive
The Deseret Morning News reports that Utah payday loan agencies dodged a legislative bullet Tuesday — one that would have limited them to charging just 8 percent annual interest on their loans instead of the triple-digit APRs that they…
Dan Saltzman is a Portland city commissioner and Jackie Dingfelder is a Democrat representing Portland in the Oregon House of Representatives. They responded harshly to the recent failed attempt by state legislators to curb interest rates…
Payday advance institutions have sprung up in large numbers near many California military bases, according to the Antelope Valley Press. Lawmakers believe they are targeting the state's military families, which become financially…
The Federal Deposit Insurance Corp. isn't happy. In examining the state of payday loans in Pennsylvania, the company has expressed concerns with certain practices.
Four leading payday loan brands in the U.K. — Month End Money, PayDay UK, MyPayDay Loan and Payday Store — are being incorporated under a single umbrella of MEM Consumer Finance Ltd., according to a press release.
The AP reports that community activists, union leaders and church groups are banding together to promote a measure for November's ballot to limit the loan rates charged by payday lenders throughout Oregon.
With just three weeks remaining in the legislative session, proposals to restrict the state's controversial payday loan industry have fizzled out for the second straight year. This isn't the only instance in the country when, legislators…
LitFunding announced that it has signed a Merger and Acquisition Agreement to acquire Easy Money Express, Inc. Morton Reed, LitFunding's CEO, was excited about the venture:
As debt piles up and you consider a payday loan, you want to make sure you're relying on a reputable service. Unfortunately, some payday advance providers cannot be trusted.
A bill to impose new consumer protection rules on the New Mexico payday loan industry is marching through that state's legislature. It passed the House, 63-4, with its next stop the Senate Judiciary Committee. But it's not quite the bill…