John Edwards: Down with Payday Advances!
Democratic presidential candidate John Edwards, on an eight-state swing to highlight poverty issues, on Tuesday called for a national law to crackdown on predatory cash advance payday loan lending.
News About the Ever-Changing Payday Advance Industry
Monthly Archive
Democratic presidential candidate John Edwards, on an eight-state swing to highlight poverty issues, on Tuesday called for a national law to crackdown on predatory cash advance payday loan lending.
A recent report issued by the National Consumer Law Center is absent what should be a critical element of any report: the facts.
Sawbucks closed two of its three Klamath Falls locations in anticipation of the new state regulations that cap interest rates for payday loans.
Payday advance lenders dodged a legislative effort to reduce their usurious interest rates at this year’s General Assembly session. But Gov. Timothy M. Kaine signaled last week he hasn’t given up on leashing the industry.
The following is a paraphrased editorial from The Register-Guard in Oregon…