Payday Loan News for 02/26/2010
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Wis. Assembly OKs payday lending bill, rejects cap - BusinessWeek
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Lawmakers must close payday lending loopholes - The State
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Group holds Frankfort rally against payday loans (WAVE 3 Louisville) A new study claims payday lenders are taking $1 billion worth of fees from low-income working Kentuckians. The Coalition for Responsible Lending rallied in Frankfort Tuesday on behalf of House Bill 381. It would cap these loans at a 36% interest rate... | ||
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Groups push for restrictions on payday loans (Great Falls Tribune) HELENA EUR A coalition of advocacy groups launched a ballot initiative campaign Tuesday aimed at restricting the annual percentage rates for so-called "payday" and title loans... | ||
Payday lenders not to blame (Colorado Springs Business Journal) Yesterday, the state legislature began hearings about a bill intended to limit the amount of interest charged by so-called EURpayday lenders.EUR The bill, sponsored by Sen. Chris Romer (D-Denver) and Rep. Mark Ferrandino (D-Denver) would establish a maximum annual percentage rate of 36 percent on such loans. On the face of it, the interest rates charged by [.].. | ||
Payday lending not on agenda - Lexington Herald Leader
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Banks may use payday-style loans to replace lost fees - Pittsburgh Post Gazette
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Initiative To Cap Interest Rates On payday Loans (KECI Missoula) A group of Montanans has unveiled an initiative to cap interest rates on payday loans... | ||
Proposal Would Cap Interest on Payday Loans in Montana (KFBB Great Falls) HELENA, Mont. - A new initiative proposed Tuesday would cap the interest rates on payday loans in Montana... | ||
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Payday Loans Growth Likely After Card Act of 2010 (PR Newswire via Yahoo! Finance) According to Solomon Finance, payday loans lending may increase from the result of the new Credit Card Reforms, known as the CARD act, implemented on February 22, 2010. Â The new act enforces some stringent rules on credit card companies to protect consumers from ambiguous credit terms, fluctuating interest rates, and uninformed decision making... | ||
Bad Credit Bankruptcy Loans EUR Can You Get An Unsecured Personal Loan? - US Life Daily
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Banks may use payday-style loans to replace lost fees (Pittsburgh Post-Gazette) U.S. banks, threatened by new limitations on overdraft fees, may look to short-term products similar to "payday" loans to help replace as much as $20 billion in lost revenue... | ||
Solomon Finances: Payday loans to see growth as CARD Act rules are implemented - Credit Loan (blog)
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Despite new law, subprime credit cards and payday loans can still be very dicey - Boston Globe
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Banks May Use Payday-Style Loans to Replace Lost Fees (BusinessWeek) New federal rules curbing overdraft fees have many banks looking to "checking advance" loans of $100-$500 with rates of 120%EURand higher.. | ||
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One Hour Bad Credit Payday Loan EUR Fees Under $10 Possible? - Subprime Blogger (blog)
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Bill to cap payday loans looks dead (The Cincinnati Enquirer) FRANKFORT - A bill that would cap fees on payday loans appears dead, at least in the current legislative session... | ||
The cost of credit: Despite reforms, costly loans and cards remain - Hattiesburg American
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Payday loans take a hit in Arizona; likely dead after June 30 (Douglas Dispatch) PHOENIX Efforts by the payday loan industry to remain in Arizona after June 30 were dealt a serious and potentially fatal setback Monday when a key Democratic lawmaker said he cant support what the lenders want... | ||
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