Ayday Loan Article

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COLUMBUS -- Gov. Ted Strickland is concerned about media reports that former payday lenders are still making loans to Ohioans at inflated percentage rates in spite of a new law prohibiting the practice. "Quite frankly, if these folks are ...

Ohio Legislature to shut down gaps in payday lending law - Alliance Review

Payday loans have an awful reputation for charging four-figure interest rates for those with the least cash. Being seen as not too divorced from loan sharks, can there be any benefits? Daniel Barnes investigates. Tough times Research from the Post ...

Payday loans: Is it ever sensible to pay 2,000%? - MyFinances.co.uk

Some state lawmakers plan another run at payday lenders because stores are operating much the same as they did before the legislature approved tough regulations last year. After weeks of legislative debate on what became the new law and a failed ...

Lawmakers consider beefing up payday law - Columbus Dispatch

Does a cap of 100 percent annual interest on loans sound high? Payday lenders argue it would be too low for them to make enough money to stay in business. But Rep. Laura Black, D-Sandy, is pushing such a limit anyway, saying she has seen too many ...

Payday lenders fighting plan to cap interest at 100% - Deseret News

COLUMBUS, Ohio -- Some officials say Ohio's payday loan law needs reworking to close loopholes they say are allowing lenders to continue charging triple-digit interest. Loans that had carried annual interest rates of up to 391 percent were capped at ...

Payday Loan Law Needs Reworking - NewsNet 5

SEATTLE - With legal and travel fees piling up in the custody battle for his daughter, Brady Greenberg turned to a payday lender and took out a loan for $700. Two years later, Greenberg said he has paid thousands of dollars in fees and interest after ...

In recession, payday lending takes a new spin - Durango Herald

THE HISTORICALLY more conscientious, deliberative Senate must rescue consumers from a flimsy payday lending bill hastily passed by the House that would solidify payday lenders’ grip on our state. The House bill would do nothing to stop payday ...

Senators must protect consumers, not payday lenders - The State

Ohio supposedly rid itself of payday loans. But visit just about any storefront that used to offer the short-term, high-cost loans, and you will find a mighty similar product. It's just not called a payday loan anymore. "With the state law changing ...

Payday lending clones still charge triple-digit rates: Plain Dealing ... - Cleveland Plain Dealer

Billie Kroeker and her husband once chased easy payday loans with more loans. They fell into bankruptcy when their financial hole became too deep. Now, she and some consumer advocates worry that more Americans will have similar experiences because of ...

Brother, can you spare a payday loan? - Daytona Beach News-Journal

There are times in between two successive paydays that you may need some extra cash to pay heed to some unplanned expenses. These expenses may be anything from clearing off some small bills to paying for the medical attention. Payday loans are ...

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