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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..
Read More Rate Cap Could Kill Payday Loan Industry
Payday Loan News
15 April 2008
Ohio Senate Takes Aim on Payday Loan Interest - Ohio Senators take aims on capping the interest rates payday loan lenders can charges customers. Under current regulations, Ohio Payday Loan Lenders can charge up to 391 percent interest. A Bill introduced yesterday, would put a new interest cap of 36 percent.
Read More Ohio Senate Takes Aim on Payday Loan Interest
Payday Loan News
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.
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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.
Read More VA. Gov. Announces Payday Loan Amendment
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