Payday Lending Today

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PHOENIX (AP) — Another attempt is being made at the Legislature to keep the payday loan industry alive in Arizona. An amendment filed Friday for a Senate committee to consider Tuesday would repeal the current June 30 termination date now included in state law for the small short-term loans that are exempted from Arizona’s 36-percent cap on annual interest rates. Similar legislation was …

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Compromise would shield payday lenders, pawnbrokers and car dealers from oversight (Washington Post)

Thu, 11 Mar 2010 10:00:00 +0000

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Payday lenders, pawnbrokers, car dealers and other companies that make loans but do not hold bank charters would be shielded from the scrutiny of a proposed federal consumer protection regulator under the terms of a tentative compromise between senators who are attempting to craft a bipartisan bill.

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Payday lenders may avoid US oversight – Los Angeles Times

Thu, 11 Mar 2010 06:23:56 +0000

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Washington Times

Payday lenders may avoid US oversightLos Angeles TimesAce Cash Express is a payday lender in a small shopping center in Van Nuys. California limits payday loans to $300 and a fee of 15%. …Finance Reform Bill May Exempt Payday Lenders New York Times (blog)Corker shaping payday loan rules in financial reform package Chattanooga Times Free PressThe payday loan industry deserves no compromise The News Journal AllGov - NewsHour - Reutersall 328 news articles »

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Community Lenders Question Focus of Consumer Credit Reform – PYMNTS.com

Thu, 11 Mar 2010 05:32:48 +0000

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Community Lenders Question Focus of Consumer Credit ReformPYMNTS.com“Payday loans are well-regulated by the states and adhere to strict industry best practices.” A comparison of credit industries in the US in 2008, …and more »

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Military Families Are Targets of Predatory Lending – Huffington Post (blog)

Wed, 10 Mar 2010 23:18:06 +0000

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Military Families Are Targets of Predatory LendingHuffington Post (blog)According to Warszawski, when people patronize check-cashing outlets, payday lenders or pawn shops looking for quick loans to tide them over, …

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A Consumer Bill Gives Exemption on Payday Loans (NYTimes.com via Yahoo! Finance)

Wed, 10 Mar 2010 11:32:57 +0000

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Senator Bob Corker wants a proposed bank agency to be more lenient toward nonbank companies, but some advocates say that would hurt consumers.

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A Consumer Bill Gives Exemption on Payday Loans (New York Times)

Tue, 09 Mar 2010 09:15:46 +0000

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Senator Bob Corker wants a proposed bank agency to be more lenient toward nonbank companies, but some advocates say that would hurt consumers.

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BBB Warns About Online Payday Loans – WITN

Fri, 05 Mar 2010 17:42:22 +0000

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BBB Warns About Online Payday LoansWITN“Desperate times are leading people to the Internet to apply for payday loans and many are falling deeper into debt after getting tangled up with a lender …Same Day Payday Loans – No Credit Check Cash Advance Money Subprime Blogger (blog)Payday loans: Let’s tie a knot with financial woes BigNews.biz (press release)Beware of online payday loans Victoria Advocate Wilson County News - Boosh Plr (press release) (blog) - Anderson Independent Mailall 10 news articles »

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Dodd to Defang Financial Reform? – The Nation.

Thu, 04 Mar 2010 22:55:18 +0000

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Boston Globe

Dodd to Defang Financial Reform?The Nation.If the CFPA says that banks can’t gouge customers with outrageous credit card fees, deceptive mortgage maneuvering or even unfair payday loans, …Long after Wall Street’s crisis, Congress still arguing over fix MiamiHerald.comPlan Advances to Bolster Fed’s Role in Consumer Protection Wall Street JournalIn Senate, a Renewed Effort to Reach a Consensus on Financial Regulation New York Times WebCPA - eCreditDaily.com - The Associated Pressall 921 news articles »

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