Payday Loan Times

News About the Ever Changing Payday Advance Industry

Lobbying by Payday Lenders Finally Pays Off

Filed under: Regulation — Ryan Fiore at 7:06 pm on Thursday, April 2, 2009

Democrat Representative Luis Gutierrez says that while his bill does have some crucial protections for borrowers it will be the best deal he can manage in the face of the industry’s aggressive lobbying. (Read on …)

California Payday Lenders Target African-American and Latinos

Filed under: California — J.J. Cameron at 1:22 pm on Friday, March 27, 2009

According to a report by the Center for Responsible Lending, payday lenders are approximately eight times more concentrated in California’s Latino and African-American neighborhoods. (Read on …)

Idaho Senate Passes Regulation to Stop Unlicensed Payday Lenders

Filed under: Idaho, Regulation — Danielle Mason at 1:07 pm on Friday, March 27, 2009

The Idaho State Senate has approved new legislation which requires any payday loan company doing business in Idaho to be licensed to do business in the state of Idaho. (Read on …)

New Payday Loan Bill Hits Seattle’s Senate Committee

Filed under: Washington — Ryan Fiore at 11:29 am on Saturday, March 21, 2009

Republican Sharon Nelson is attempting to bridge the gap between stricter payday lending standards and a bill that will pass the Senate Committee. (Read on …)

Payday Loans With No Credit Checks or Employment?

Filed under: Consumer Debt — Ryan Fiore at 11:14 am on Saturday, March 21, 2009

Just as legislation for payday lending has been tightening the industry’s guidelines some lenders are still offering payday loans for unemployed borrowers and others with no credit checks. (Read on …)

South Carolina House Passes Payday Loan Legislation

Filed under: Regulation, South Carolina — Ryan Fiore at 3:46 pm on Thursday, February 12, 2009

South Carolina legislators gave overwhelming key approval to a bill aimed at preventing residents from being trapped in a cycle of debt through payday lending. (Read on …)

Stricter Payday Loan Regulation in Sight For Montana

Filed under: Montana, Regulation — Ryan Fiore at 4:05 pm on Tuesday, February 10, 2009

The general consensus among consumer advocates is that payday loans need stricter regulation. (Read on …)

Payday Loan Companies Investing In Pawn Shops

Filed under: Ohio, Regulation — Ryan Fiore at 2:22 pm on Tuesday, February 3, 2009

As stricter regulation keeps being released, payday lenders have been investing more in their pawn operations. (Read on …)

As the Economy Worsens People Look to Payday Loans

Filed under: Indiana — Ryan Fiore at 12:39 pm on Tuesday, February 3, 2009

As the economy gets worse payday loans, which are use by working-class people, are increasingly being sought by middle-income families. (Read on …)

Virginia Sends a Signal to Payday Lenders

Filed under: Regulation, Virginia — Ryan Fiore at 12:40 pm on Monday, February 2, 2009

The Virginia Senate unanimously passed a bill Friday that that would fix a loop hole that was opened to payday lenders starting January 1st. (Read on …)

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