27 April 2008
Payday Loan Control - Early this month, the provincial government
tabled legislation to curb abusive payday lending practices. The way it works is payday loan operators lend
cash to people who in turn pay a fee and interest on whatever amount they take.
Payday Loan Control
25 April 2008
Payday Lending Limits - A bill that would have placed
reasonable limits on payday lending to protect some of South Carolina's most vulnerable residents is at risk of
being significantly weakened by changes suggested by a House subcommittee.
Payday Lending Limits
21 April 2008
Virginia Town to Fund Payday Loan Education - Alexandria City Council member, Justin Wilson, has proposed a new tax on payday lenders.
This money would help fund consumer education services provided by the city.
Payday Loan Education
19 April 2008
Gubernatorial Candidate Pushes For Payday Loan Restrictions - Missouri gubernatorial candidate Jay Nixon, continues his push
for proposed payday loan restrictions..
Gubernatorial Candidate Pushes For Payday Loan Restrictions
18 April 2008
Money Mart Ok with Manitoba Interest Rates - Manitoba Public Utilities Board
has set a maxixmum cost for payday loans up to $500 at 17 Percent. Also providing lower rates for those on social
assistance or employment insurance.
Money Mart Ok with Manitoba Interest Rates
16 April 2008
Rate Cap Could Kill Payday Loan Industry - A California payday loan bill capping interest rates at 36 percent was
gutted Tuesday by the state's Banking and Finance Committee..
Rate Cap Could Kill Payday Loan Industry
15 April 2008
Some Ohio Payday Lenders Overcharging - Lansing - OFSI Commissioner,
Ken Ross has ordered Payday Loan lenders in the state to stop overcharging for bounced checks. Some of the
state's deferred presentment licensees are charging more than the $25 cap mandated by the
Deferred Presentment Service Transactions Act.
14 April 2008
VA. Gov. Announces Payday Loan Amendment - Gov. Timothy M. Kaine announced
Monday, an amendment tightening payday loan lender regulations. The regulations extending the length of payday
loans were received a coll reception from both the payday loan industry and its critics.
VA. Gov. Announces Payday Loan Amendment
11 April 2008
South Carolina Eases Payday Lending Limits - On Thursday, South Carolina Eases Payday
Lending Limits. The House subcommittee voted to strip away loan limits and increased the amount payday loan
lenders can borrow. Even though neighboring states Georgia and North Carolina have virtually stopped payday
loan activity in their state, the South Carolina still believes the marketplace should prevail.
South Carolina Eases Payday Lending Limits