Pennsylvania Shelves Bill to Legalize Payday Loans
Payday loan companies in Pennsylvania have take a hit, as a bill that would have increased the proliferation of the cash advances in the state, according to the Philadelphia Inquirer.
Monthly Archive
Archive: March 2006 — Page 3
Legislators Meet to Discuss Payday Advance Lending
Having drawn criticism from consumer advocate groups, the industry of payday loans has been under attack in Arkansas. A panel of legislators met this morning to discuss the topic.
Military Payday Loans Target Those Most at Risk
They fight for our country. They defend our freedom. And they’re rewarded by being victimized via the debt trap of various cash advances. That’s the basic conclusion reached by the Center of Responsible Lending in its critique of military…
Winnipeg Sets Cap on Payday Loans, Aims to Control Payday Advance Fees
NDP MP Pat Martin (Winnipeg Centre) isn’t a huge fan of the payday advance industry. Of lenders that provide these loans, he said:
Nine Steps to Avoiding Predatory Lending
Payday loan companies are often referred to as financial predators, taking advantage of the vulnerable. While lenders range in quality, as with any industry, there are clear signs of abusive lending in the payday advance business. Keep…
Dollar Financial Expands Canadian Payday Loan Business; Adds $16.8M in Revenue
The Dollar Financial Group has acquired 11 payday loan stores in western Canada and will soon complete deals for two more in the region, the Philadelphia Business Journal said Monday.
Devised Project to Offer Alternatives to Payday Loans, Cash Advances
The provincial government is investing in a project to assist low-income people in managing their money in an attempt to tackle the problem of payday lending companies that provide short-term cash advances at high interest rates.
Newest Technology Makes Payday Loan Applications More Efficient Than Ever
After two years of rigorous software development, the implementation of a new payday loan approval system means customers are finding it quicker and easier than ever before to apply for these cash advances. The new system provides much of…
Director of Credit Counseling Services Glad to See Payday Loans Go
Celeste Collins, executive director of Consumer Credit Counseling Service of WNC, penned an editorial to The Citzen-Times this week. In it, she showed gratitude and happiness for the elimination of payday loans in North Carolina. To wit: