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East Valley Tribune - Critics of high-interest payday loans are asking voters to put the industry out of business this year through an initiative petition drive that aims for the November general election. They claim payday loan stores target the poor and trap them in an ...

Critics cashing in on payday loan hysteria

Nashua Telegraph - BACKGROUND: Both the House and the Senate have passed legislation that would impose an interest rate cap on payday loans in New Hampshire. CONCLUSION: After some early hesitation, we are pleased the governor has decided to sign the bill when it comes ...

Lawmakers correct on payday loan cap

Wisconsin State Journal - ... show just how they aren't "discriminating," payday lenders are now clustered around government-subsidized housing for seniors and people with disabilities, just as they are around military bases, where young soldiers often get hooked on payday loans. ...

Dave Zweifel: Payday loan sharks circle the vulnerable

Dallas Morning News - To be fair, no such payday lending products or refund anticipation loans related to the tax rebates are being offered. And officials of the payday and tax-preparation industries said they were dismayed at receiving such a warning. "The letter from Sens

Senators warn against 'instant rebate' loans

Boston Globe - Members of the military use payday loans three times as often as civilians, a Defense Department study found. With a payday loan, you borrow against a future paycheck. Congress was so concerned about payday loan use by military personnel that it ...

Financial readiness for service personnel

Arizona Daily Star - The 3-2 party-line vote by the Senate Committee on Financial Institutions and Insurance came over the objections of several groups who insisted there is nothing fair about the short-term loans which, on an annualized basis, carry an interest rate of ...

Arizona Senate panel votes to extend life of payday loan industry

Denver Post - Back in 2000, the Colorado legislature gave a valuable gift to an industry that specializes in short-term loans. Lawmakers exempted so-called payday lenders from state laws capping interest rates at 45 percent. Payday lending operations exploded in ...

Payday lenders' practices unfair

East Valley Tribune - PAYDAY LOANS — Time to abolish industry The Arizona Legislature is considering Senate Bill 1239, a bill that would delay the repeal of the payday loan licensing program in Arizona from 2010 to 2012. AARP is urging lawmakers not to extend the sunset ...

Letters to the editor: February 17

News.com.au - Payday lenders and loan sharks will generally send you broke. Most of these loans have a combination of fees and high interest rates (usually a smidge under the 48 per cent cap). The fees on some send the effective interest rate well over 100 per cent ...

Get serious about credit sharks

Roanoke Times - The prospects of reforming the payday loan industry dimmed last week in the General Assembly. In all likelihood, lenders will ... The House bill would cap annual interest rates on the loans at 36 percent. Interest on loans today can reach 390 percent. To ...

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