Payday Loan S Article

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Union Leader - CONCORD – Gov. John Lynch intends to sign a bill the Senate passed yesterday that puts a cap on interest rates and will effectively put payday lenders out of business. The bill, HB 267, set 36 percent as the maximum interest rates on any loan ...

Senate OK's payday loan interest rate cap

Arizona Daily Star - PHOENIX — A state lawmaker is pushing to give Arizona's payday-loan industry at least a temporary reprieve from being wiped out. The proposal by Sen. Robert Blendu, R-Litchfield Park, would remove a provision in current law that shuts the door in ...

Bill delays payday-loan ban by 2 years

Washington Post - Last week, Gilmore sent out a statement about Warner's ties to the debate over whether the payday loan industry should be reformed. In 2002, Warner signed the Payday Loan Act, which allowed lenders to set up shop in Virginia without being bound by a ...

Warner Comes Out Swinging for Jefferson-Jackson Day

Concord Monitor - New Hampshire's payday lenders will likely close shop next winter. The Senate yesterday approved a tight cap on payday and title loans, a measure that supporters and detractors agree would put the industry out of business. Gov. John Lynch will sign ...

Payday loan limits passed

Salt Lake Tribune - University of Utah law professor Christopher Peterson likened the payday loan industry to New York City's mafia in the 1960s, only worse. "Their average rate of interest was 250 percent per year," Peterson said. "Payday lenders are at 450 percent ...

Senate committee favors more scrutiny of payday lenders

WIS-TV - Senators question SC governor's involvement in port sale Senate panel discusses raising cigarette ... The bill also would require payday lenders to check a database of borrowers before issuing a loan. Supporters say they are not trying to put payday ...

Senate bill would limit payday loans to $500

Glasgow Daily Times - I want to applaud Rep. Johnny Bell’s efforts in filing a bill to impose more restrictions on the payday loan business. A recent study done by an advocacy group called Kentucky Youth Advocates say the short-term, high-interest loans cost Kentuc ...

To the Daily Times

Herald News - ROMEOVILLE -- Police are asking for the public's help in identifying a man who has reportedly robbed two payday loan stores. Around 10:30 a.m. Nov. 5, a black man wearing sunglasses and a hooded sweatshirt came into Advance America on Weber Road and ...

Police want help with catching robber

Times and Democrat - It would also limit the loan amount to no more than $500 or 20 percent of the person’s weekly income, whichever is less. Hayes says that’s not a ban on the industry. But he says if payday lenders don’t follow those rules he’ll be back arguing ...

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