New Mexico Payday Loan Regulations Set to Take Effect
New faxless payday loan regulations will go into effect November 1. Gov. Bill Richardson, who pushed for the rules, calls them some of the toughest and most pro-consumer in the country.
Monthly Archive
Archive: October 2007
Canadian Payday Loan Association Applauds New Law
The Canadian Payday Loan Association (CPLA) this week applauded the British Columbia government for passing important personal cash loan legislation that will regulate the industry and balance consumer protection with a viable industry.
Payday Loan Cap Defeated in New Hampshire
A New Hampshire House subcommittee voted last week against a 36 percent cap on payday loan and title loan interest rates, endorsing instead an interest rate nearly 10 times higher that had been proposed by the industry as a “compromise.”
Status Quo for Payday Advance Firm
More than two years after a father and his two sons went to court in a bitter battle to control a Mason payday loan company, a Hamilton County judge has issued an order that puts tight controls on the firm’s finances and prohibits the…
Wisconsin Payday Loan Store Robbed. Again.
Everest Metro Police in Wisconsin confirmed that someone has robbed the Payday Loans store in Weston on Friday morning.
Sacramento Looks to Curb Payday Loans
Sacramento wants to stem the proliferation of quick-cash operations like payday advance loan lenders and check-cashing stores that officials say prey on lower-income neighborhoods, encourage blight and trap consumers in devastating spirals…
Group Offers Alternatives to Delaware Payday Loans
Seeking to break “the endless cycle of debt and despair” caused by high-cost payday advance lending, a Wilmington nonprofit organization Monday launched an alternative program with low interest rates and longer terms.
Payday Loans Can Be Repaid Slowly
According to The Wichita Eagle…
Credit Unions Seek Payday Loan Customers
A growing number of the nation’s 9,000 credit unions are hoping to steer consumers strapped for cash away from costly faxless payday loans by offering less expensive alternatives.
Waynesboro Approves Payday Loan Referendum
Waynesboro has joined Staunton and Harrisonburg in the fight to cap payday loans, and the city also approved a referendum pamphlet at its Tuesday night meeting.