FDIC Targets Payday Advance Lenders
Payday advance loan lenders, already in the sights of the U.S. Department of Defense, have now been targeted by the Federal Deposit Insurance Corp.
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Florida Payday Loan Companies Ignore Regulations
The 2001 state law that reformed the Florida payday loan lending business in the state is being ignored by some of the companies it was designed to regulate.
Sailors Receive Payday Advance Assistance
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.
New Mexico Governor Signs Payday Loan Bill
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).
Nevada Courts Over-Run by Payday Loan Cases
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.
Advance America: Most Payday Loan Clients are Responsible
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…
Senate Votes to Restrict South Carolina Payday Loans
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.
New Hampshire Payday Loans Lure in Poor
Sarah Mattson is a staff attorney for New Hampshire Legal Assistance in Manchester. The following is from the New Hampshire Union Leader …