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paydat loans COLUMBUS - 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 28 ... Read more
Ohio payday lending law needs reworking, critics charge - Cincinnati.comA lobbyist is defined by Webster’s as “a person, acting for a special interest group, who tries to influence the introduction of or voting on legislation or the decisions of government administrators.” Sounds simple, but the devil is in the ... Read more
Lobbying the legislature: Did payday lenders waste their money? - Anderson Independent-MailCASH-strapped residents have been warned against high interest rates being charged by lenders after a St Albans city-centre company started advertising short-term loans at nearly 150 per cent APR. The Money Shop, a national chain with a branch in ... Read more
Concern over interest on short-term loans - Herts AdvertiserSome 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 ... Read more
Lawmakers consider beefing up payday law - Columbus DispatchA big majority of Ohio voters had this message for payday lenders last November: No more loans with annual interest rates of almost 400 percent. By rejecting the payday lenders’ effort to repeal a restrictive new state law, almost 64 percent of ... Read more
Legislators let voters down - Canton RepositoryThere 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 ... Read more
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Payday Advance Loans: Take Small Cash Today and Return on Next Payday - Best SyndicationA bill that would have banned payday lending in South Carolina loomed on the state Senate’s calendar last year. Today’s story is the first in a three-day series on payday lending that shows how the industry fought back from the brink of being ... Read more
Lawmakers vs. payday loans: ’08 vote was a turning point - The StatePayday 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 ... Read more
Payday loans: Is it ever sensible to pay 2,000%? - MyFinances.co.ukTHE 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 ... Read more
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