Payday Loan News

1. FiSCA Blasts CRL Study Critical of Payday Loan Industry (PR Newswire via Yahoo! Finance)
   The Financial Service Centers of America today strongly criticized a recent report, titled "Financial Quicksand," issued by the Center for Responsible Lending which attacked the payday loan industry.
   (Published: Mon, 04 Dec 2006 16:36:00 GMT)

2. Report says payday loan fees cost consumers at least $4.2B (Boston Herald)
   COLUMBIA, S.C. - The payday loan industry took $4.2 billion out of consumer pockets in 2005 because states have not done enough to restrict high interest loans and practices that trap people in financial...
   (Published: Fri, 01 Dec 2006 12:30:52 GMT)

3. Lieu pushes payday loan crackdown (Daily Breeze)
   California military commanders say the high-interest, short-term loans target their personnel unfairly.
   (Published: Mon, 04 Dec 2006 08:16:32 GMT)

4. Advocates push for cap on interest rates for payday loans (WDBJ 7 Roanoke)
   RICHMOND, Va. Consumer advocates today reiterated the need to limit high-interest, short-term payday loans to the same 36 percent annual interest rate cap that applies to other lenders in Virginia.
   (Published: Tue, 05 Dec 2006 01:19:28 GMT)

5. Payday-loan fees add up to billions, report says (The Columbus Dispatch)
   COLUMBIA, S.C. — The payday-loan industry took $4.2 billion out of consumer pockets in 2005 because states have not done enough to restrict high-interest loans and practices that trap people in financial quicksand, the Center for Responsible Lending said yesterday.
   (Published: Fri, 01 Dec 2006 12:30:24 GMT)

6. Report Says Payday Loan Fees Cost Consumers More Than Four Billion (NBC 26 News Augusta)
   A consumer protection organization says the payday loan industry took more than four billion dollars out of consumer pockets in 2005 because states have not done enough to restrict high interest loans.
   (Published: Fri, 01 Dec 2006 14:27:03 GMT)

7. Report says payday loan fees cost consumers at least $4.2B (Journal Gazette & Times Courier)
   COLUMBIA, S.C. - The payday loan industry took $4.2 billion out of consumer pockets in 2005 because states have not done enough to restrict high interest loans and practices that trap people in financial quicksand, the Center for Responsible Lending said Thursday.
   (Published: Fri, 01 Dec 2006 22:58:50 GMT)

8. Payday loans under attack (Detroit Free Press)
   One of the nation's top banking regulators last week announced new efforts to develop alternatives to payday loans and other high-cost products, citing a huge gap in the cost of credit that is penalizing disadvantaged borrowers.
   (Published: Mon, 04 Dec 2006 10:15:25 GMT)

9. Advocates push for cap on interest rates for payday loans (WRIC 8 News Richmond)
   RICHMOND, Va. Consumer advocates today reiterated the need to limit high-interest, short-term payday loans to the same 36 percent annual interest rate cap that applies to...
   (Published: Mon, 04 Dec 2006 18:27:24 GMT)

10. Payday-loan controls urged (Honolulu Advertiser)
    COLUMBIA, S.C. — The payday-loan industry took $4.2 billion out of consumer pockets in 2005 because states have not done enough to restrict high-interest loans and practices that trap people in financial quicksand, according to a report by the the Center for Responsible Lending.
    (Published: Sat, 02 Dec 2006 12:31:09 GMT)