Payday Advance Culprit Sentenced to Jail Time
A Lynchburg woman who embezzled $8,000 from a payday loan company will serve 10 days in the Amherst County Jail.
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Consumer Borrowing Sky-Rockets in November
Americans pulled out their credit cards again in November after having locked them away for safe keeping in the prior month, the Federal Reserve announced today.
Arizona Senator: Payday Loan Stores Should Leave City, State
Sen. Chuck Gray, (R-Mesa, pictured) introduced a bill Tuesday that would limit instant payday loan store interest rates to 36 percent annually, including fees and fines. Gray said testimony indicates rates on the short-term loans “can be…
Utah Councilwoman Focuses on Payday Advances
Nancy Saxton wants to crack down on faxless payday loan companies that provide short-term loans and charge annual interest rates of up to 550 percent.
Virginia Payday Loans Enjoy Support, Face Opposition
Cynthia Smith is a fan of payday cash loan outfits, despite interest rates 10 times what other lending institutions can charge.
Senator Calls for Payday Cash Advance, Predatory Lending Reform
The government must reform lending practices - such as those involving payday cash advances - that prevent the poor from saving money and owning a home, said Senator Chris Dodd, (D-Conn., pictured) the incoming chairman of the Senate…