Arkansas AG cracks down on payday lenders
07/30/08, The Courier of Russellville
Payday lending could be a vanishing enterprise in the Natural State.
State: Internet payday lending will have to be licensed
07/28/08, The Morning Call
Legal Internet payday lending could vanish in Pennsylvania after the state Banking Department today announced that the online operators will have to be licensed under state law.
Short-Term Loans Can Mean Lasting Trouble
07/28/08, CBS News
Today there are 24,000 payday lending stores in America - more than Starbucks and McDonald's combined. They provide 19 million American households a quick way to make ends meet.
Durbin rate cap could close payday loan loopholes
07/19/08, Daily Herald
Arlington Heights business owner Bob Griffith balked as soon as he read the letter from a payday loan company demanding that he garnish the wages of one of his employees.
Payday lenders told not to rush ballot process
07/09/08, The Columbus Dispatch
Ohio payday lenders lost their first round in court yesterday, leaving them at the mercy of the attorney general.
Meeks: Native consumers beware: Payday lenders are predators
06/27/08, Indian Country Today
The payday lending industry is mounting quite a campaign to appear legitimate. It reminds me of the old adage, ''Watch out for wolves in sheep's clothing.'' It is certainly a fitting analogy. Both wolves and payday lenders are predators and need to disguise their true purpose.
391 Percent Interest on Fast Money: Worth It?
06/27/08, ABC News
As his oldest son battled cancer, Richard Gilmore battled lenders who charged him interest rates of 391 percent.
Payday Lending And Social Security Checks Examined At Congressional Hearing
06/24/08, RTT News
The distribution of Social Security payments in the face of payday lending and other misuse of federal funds was the focus of a House Ways and Means subcommittee hearing Tuesday, as witnesses debated the benefits of directly depositing Social Security checks into bank accounts.
Pay Day Loan Vote
06/20/08, HOI News - Peoria
The Peoria City Council may put a halt on the number of payday loans allowed in the city.
AG rejects petition to send payday lending bill back to voters
06/19/08, The Columbus Dispatch
Attorney General Nancy H. Rogers decided today that a group of payday lending supporters were not being truthful in how they described a law they want voters to overturn.
Payday lending or predatory loans? Senate Indian Affairs Committee hearing weighs testimony
06/13/08, Indian Country Today
A hearing of the Senate Indian Affairs Committee on predatory lending dwelt more on payday loans, and came with several cautions as to the difference.
Payday lenders contemplate Plan B
06/13/08, Business First of Columbus
Payday lenders are probing how they can continue making lucrative short-term loans in Ohio, despite a state law meant to curtail their business
Going for broke, American-style
06/12/08, San Fransico Chronicle
When the GOP Congress passed and President Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, supporters hailed the measure as a victory for "personal responsibility."
The Great Seduction
06/10/08, New York Times Opinion
The loosening of financial inhibition has meant more options for the well-educated but more temptation and chaos for the most vulnerable. Social norms, the invisible threads that guide behavior, have deteriorated. Over the past years, Americans have been more socially conscious about protecting the environment and inhaling tobacco. They have become less socially conscious about money and debt
Buckeye Institute, Maggie Thurber, Pay Day Lending and Overdraft Fees
06/10/08, Chili Dog Blog
Maggie Thurber’s blog links to an editorial by Marc Kilmer of the Buckeye Institute for Public Policy Solutions, a think tank in Columbus.
Widener: Payday lenders foolish to fight new law
06/06/08, The Columbus Dispatch
The Republican lawmaker who sponsored the payday lending bill signed this week by Gov. Ted Strickland calls the industry’s latest effort to block the measure “foolish.”
Payday lenders' shares may be at risk
06/03/08, CNNMoney.com
Payday lenders such as Advance America Cash Advance Centers Inc. and QC Holdings Inc. run the risk being shut out of providing the loans nationwide, according to an analyst who says the companies' stock prices don't currently reflect that possibility.
Strickland signs off on payday lending crackdown
06/02/08, Business First of Columbus
Ohio Gov. Ted Strickland has signed a controversial crackdown on the state's payday lending industry.
Council is right to address the glut of payday lenders
05/25/08, Tennessean.com
The Metro Council should pursue efforts to limit payday lenders through zoning restrictions, because it may be the best chance for neighborhoods to improve major thoroughfares.
Ohio payday loan cap OK'd
05/15/08, Cincinnati Enquirer
The Ohio Senate passed legislation Wednesday that would cap payday loans, drastically reducing annual interest rates that typically exceed 300 percent.
N.H. House rejects delay in payday loan rate cap
05/14/08, WCSH6.com
The House voted 246-104 Wednesday to stick with Jan. 1 as the day a 36 percent interest rate cap will apply to all small loans. The House rejected an attempt to delay the date six months.
Legislator handling payday lending bill took industry money
05/14/08, The State
The South Carolina lawmaker determining the fate of new consumer protections in payday loans runs a political action committee that has collected $5,000 in donations from that industry and on Wednesday canceled further discussions on the legislation.
Payday loan law loophole swallows borrowers whole
05/12/08, Chicago Tribune
Waging a tug-of-war with the loan industry in the Illinois legislature in an effort to close a loophole in the 2005 payday loan reform law.
