Payday Loan Times

News About the Ever Changing Payday Advance Industry

Attorney General Laments Grown of Colorado Payday Loans

Filed under: Colorado — Paul Rizzo at 7:18 pm on Sunday, November 11, 2007

Payday advance lending continued its rapid growth in Colorado last year, jumping 28 percent to $632 million.Regular and online payday loans first topped the $500 million mark in 2005, when they grew 34 percent. The industry was as small as $36 million of loans in 1996. (Read on …)

Arizona Payday Loan Companies Form Organization

Filed under: Arizona — Paul Rizzo at 4:02 pm on Thursday, November 8, 2007

Companies that make money providing faxless payday loans have formed an organization they say is designed to “reform” their industry. (Read on …)

Study Takes a Look at Alternatives to Payday Advances

Filed under: National — Paul Rizzo at 3:39 pm on Saturday, November 3, 2007

The Federal Deposit Insurance Corporation (FDIC) is now accepting bankers’ applications to participate in its Affordable and Responsible Consumer Credit pilot program, which will begin in January 2008. (Read on …)

Canadian Payday Loan Survey Shows Surprising Results

Filed under: Canada — Paul Rizzo at 3:35 pm on Saturday, November 3, 2007

A new report out of British Columbia says the typical payday advance loan customer is employed and educated with an average income. (Read on …)