News About the Ever-Changing Payday Advance Industry
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The Courier-Journal reports that a bill that Kentucky-chartered banks say would make them more competitive with national banks has drawn fire from consumer advocates, who say it would roll back protections against cash loans.
While many other states - through editorials or legislative measures - are trying to ban the use of payday loans, a pending bill in Misssissippi would expand the reach of these cash advances.
It's a growing problem in the world of payday advances: unlicensed lenders. It's led to lawsuits in other states, such as California, and it's now causing an issue in Arkansas.
Arkansas payday loan regulations are under attack from a consumer advocacy group that claims loopholes in the state's law cost citizens $68 million per year, according to the Arkansas News Bureau.
An editorial in the Arizona Daily Star urges the Grand Canyon State to follow the recent lead of North Carolina and issue widespread restrictions on payday loan companies. As far as columnist Jim Kiser is concerned, this evidences how much…
Are payday loans ever a good idea? As you skim through articles that speak to the dangers of these resources and how the overwhelming APR will always come back to haunt those that acquire them, you're probably wondering whether or not a…
After rumors that Advance America would be forced to put a halt to its payday lending in Pennsylvania, an agreement on the matter has finally been reached: its lending bank will stop its payday loan originations at 101 centers in…