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Payday Loan News
8 May 2008
New Hampshire Payday Loan Rate Cap - New Hampshire Payday Loan legislation capping the interest rate at 36 percent is headed to Gov. John Lynch. The Govenor is expected to sign House Bill 267, which would go into effect Jan. 1 2009
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1 May 2008
Payday Loan Rate Cap - The Ohio House passed legislation capping interest rates and adding other regulations to the payday lending industry, but not before threatening to include a ban on Keno gaming in the state.
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28 April 2008
Payday Loan Solution - There appears to be an orchestrated effort across the country to essentially shutdown the payday loan industry.
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28 April 2008
Money Changers - In 1933, at the depth of the Great Depression, President Franklin Roosevelt said, ''Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men ... Faced by failure of credit they have proposed only the lending of more money.''
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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.
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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.
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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.
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19 April 2008
Gubernatorial Candidate Pushes For Payday Loan Restrictions - Missouri gubernatorial candidate Jay Nixon, continues his push for proposed payday loan restrictions..
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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.
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