News About the Ever-Changing Payday Advance Industry
The Front Page
Feeling the pressure of proposed legislation to do more to regulate Utah payday loan lenders, industry representatives have taken to the airwaves with commercials that are basically “buyer beware” messages.
The southeast Salt Lake Valley suburb of Sandy all but closed its borders to new Utah payday loan stores Tuesday.
At the same time that N.C. Treasurer Richard Moore (pictured) sharply criticized payday advance loan lenders last year, he managed a state pension fund with holdings in as many as five companies in the industry.
A state senator says a bill he introduced in the Senate would substantially reduce the interest customers pay when they take out Alabama payday loans.