Vote Delayed on Utah Payday Loan Stores
Only one more Utah payday loan store might be allowed in Sandy if the suburb decides to shut its door to such businesses.
News About the Ever-Changing Payday Advance Industry
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Only one more Utah payday loan store might be allowed in Sandy if the suburb decides to shut its door to such businesses.
Democrats who control the state Senate promised today to put new limits fast payday advance lenders, which they called a growing industry that preys on the poor by charging interest rates that can amount to 500% or more.
The payday cash loan lending industry, often under attack by consumer groups, rolled out a new list of best practices Wednesday at a time when Democrats in U.S. Congress have threatened more scrutiny over high-cost loan products.
Governor Tim Kaine said today he would make “significant changes” to a package of Virginia payday loan lending industry reforms if the bill comes to him.
Vicky Greathouse needed cash when her mother-in-law passed away, but she said her longtime bank turned her away. The Glendale woman found help at a quick payday advance store.
Lawrence Meyers is the co-founder of Payday Lender’s Capital, which provides financing for payday lenders. He penned the following, summarized article for The Independent Mail: