News About the Ever-Changing Payday Advance Industry
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In a surprising turn of events, a bill that would have imposed stronger regulations on payday lenders in Virginia was killed Monday night by its own creator, according to the Hampton Roads (Va.) Daily Press.
Isabell Trujillo told New Mexico lawmakers that she took out a payday loan when she needed additional money to pay medical bills, then requested another when she couldn't pay off the sum. And so on. Twelve payday loans later, she owes…
A Sangamon County (Ill.) judge blocked a state agency from enforcing parts of the new Payday Loan Reform Act — a law designed to protect consumers, but one that some businesses say would cause them irreparable harm.
In response to a scathing San Francisco Bay Guardian editorial regarding payday loan firms, a reader — who happens to be a Senior V.P. of the Community Financial Services Association of America — takes the publication to task over a couple…
EZCORP may not be a household name, but its business reaches more and more people every day. Its 281 pawn shops and 242 payday loan locations, charging cash-strapped consumers high interest rates for a quick loan, have boomed lately, with…
Bills regulating the roughly 300 payday loan stores in South Dakota were introduced in the South Dakota State Legislature as its 2006 session convened.
The California Department of Corporations announced it has settled administrative actions against Los Angeles resident Saverio Lanni for making more than 3,000 payday loans without a state license.