News About the Ever-Changing Payday Advance Industry
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The Navy and the California Reinvestment Coalition (CRC) are working with various banking institutions to provide low-cost consumer loans or “quick consumer loans” to Sailors as an alternative to using payday cash loan lenders.
Payday casn advance lenders will come under tighter regulation by the state later this year under legislation signed into law Friday by Gov. Bill Richardson (pictured).
The courts are swamped with lawsuits and one-third of all cases come from Nevada payday loan-type businesses. It’s a reflection of the loan industry and it is bogging down the courts.
Ken Compton is the chief executive officer of Advance America, the nation’s largest provider of payday advances. The company, based in Spartanburg, S.C., operates approximately 2,800 payday lending centers in 36 states, including Arizona…
A Senate panel voted Thursday to restrict South Carolina payday loan lending. The proposals would limit loans to five a year and decrease the loans’ limits to $400.
Sarah Mattson is a staff attorney for New Hampshire Legal Assistance in Manchester. The following is from the New Hampshire Union Leader …
A KLAS TV report …
Sen. Lowell Barron, D-Fyffe, has introduced a bill designed to reform the state’s controversial Alabama payday loans.
New regulations for Tennessee payday loan lenders were advanced by a House panel today.
Legislation in Washington to reform the payday loan lending industry appears to be dead. Oregon Public Broadcasting correspondent Austin Jenkins reports on what happened behind-the-scenes.