News About the Ever-Changing Payday Advance Industry
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Virginia’s biggest faith-based lobbying groups have mostly separate agendas for the 2007 General Assembly, with priorities that vary from tightening the state’s divorce laws to promoting renewable energy. So reports The Virginian-Pilot.
And you thought your credit card interest was high.
Last September, Congress passed a law that limits the rate of interest that can be charged on a quick payday loan to members of the U.S. military and their families to 36 percent.
Not that being a pawn broker is a dying industry, but making short-term cash advances - commonly referred to as payday loans - just happens to be more profitable.
The House of Delegates recently killed legislation aimed at banning payday loan lending, the controversial storefront industry that makes high-interest short-term loans to thousands of Virginians.
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In banking terminology, the west Mesa area is “underbanked.”
Aaron Medres is on a mission.
The Free Lance-Star has bought into the falsehoods about payday loans spread by the products’ opponents. So states Lawrence Meyers, a partner in Payday Loan Capital LLC, a firm that helps payday lenders obtain money to grow their…
Palm Beach Circuit Judge Elizabeth Maass has ruled that thousands of Florida consumers who took out payday loans can bring their claims through class action arbitration, despite a provision barring that in payday loan contracts.