Payday loans may not just be gaining popularity in America. An article on The Herald Sun recently discussed their effects in Australia, as well. The author also gave his take on the business of cash advances. It’s paraphrased below:
For the first time in its history, My Payday Loan held its first customer survey. One hundred customers were asked for their comments on the cash advance business.
It was an idea hatched in Phoenix: why not spread out the locations of stores offering payday loans? The idea, supposedly, was that this would make it more difficult for individuals to acquire a cash advance.
The Pittsburgh Post-Gazette is not exactly confident about the future of payday loans in Pennsylvania. After seeing two of the major cash advance ldners in the state exist, it would be difficult to argue with this point of view.
Against the wishes of consumer advocates tha feared Senate Bill 45 would roll back payday loan protections, The House of Representatives voted 79-16 to pass the legislation. It exempts state-chartered banks from most Kentucky laws or…
According to The Oregonian, four payday loan companies have filed a lawsuit challenging the new Portland law passed to govern them. The suit asks the Multnomah County Circuit Court to declare the city ordinance invalid on grounds it…
Even as news about payday loans and possible regulations on them dominate the headlines, a couple companies appear to be doing quite well for themselves.