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1/3/2010

1. Payday lenders shift shapes to fit their needs (The Myrtle Beach Sun News)
   South Carolina should be leery of a major payday lenders decision to convert some of its stores to small loan consumer businesses.
   (Published: Thu, 31 Dec 2009 04:20:03 GMT)

2. Payday loan law takes effect in Washington state (The Oregonian)
   After a new law imposing stricter regulations on the payday lending industry takes effect today, Ken Weaver is not optimistic his two check-cashing stores in eastern Washington will remain open.
   (Published: Fri, 01 Jan 2010 15:08:27 GMT)

3. New payday lending law takes effect in Wash. state (San Francisco Chronicle)
   After a new law imposing stricter regulations on the payday lending industry takes effect Jan. 1, Ken Weaver is not optimistic his two check-cashing stores in eastern Washington will remain open. The new law limits the size of a payday loan to 30 percent of a... Loan - Payday loan - Washington - Business - Financial services
   (Published: Thu, 31 Dec 2009 20:15:09 GMT)

4. New payday lending law takes effect in Wash. state (AP via Yahoo! News)
   After a new law imposing stricter regulations on the payday lending industry takes effect Jan. 1, Ken Weaver is not optimistic his two check-cashing stores in eastern Washington will remain open.
   (Published: Thu, 31 Dec 2009 19:32:05 GMT)

5. Roundup of new laws for 2010 (Everett Herald)
   Dog breeders have new care guidelines; payday loan companies face lending limits.
   (Published: Sun, 03 Jan 2010 05:24:46 GMT)

6. Regulators plug another payday lending loophole (WDBJ 7 Roanoke)
   Virginias payday lending companies are shaking their heads in disgust this New Year after regulators plugged another loophole in lending practices.
   (Published: Sun, 03 Jan 2010 00:49:30 GMT)

7. Kaine says alternative to payday loans works - roanoke.com (Roanoke Times)
   Nearly 2,800 loans have been issued by the state; the interest rate is 24.99 percent. RICHMOND -- Six months after it was launched, a loan program created to aid government workers has doled out nearly $1.4 million worth of loans in increments from $100 to $500. Gov. Tim Kaine, who unveiled the program in July to give borrowers an alternative to payday lenders, believes those numbers show a ...
   (Published: Sat, 02 Jan 2010 06:40:22 GMT)

8. Kaine: Short-term loan program shows promise (The Virginian-Pilot)
   RICHMOND Six months after it was launched, a loan program created to aid government workers has doled out nearly $1.4 million worth of loans in increments from $100 to $500. Gov. Timothy M. Kaine, who unveiled the program in July to give borrowers an alternative to payday lenders, believes those numbers show a successful model that can be replicated by private industry.
   (Published: Sat, 02 Jan 2010 03:52:30 GMT)

9. Protecting borrowers of Payday Lenders (CBS 6 Richmond)
   RICHMOND - Virginia regulators have plugged a loophole that allowed some payday lenders to escape restrictions on loans and interest rates. The State Corporation Commission issued an order Tuesday car-title loans that require borrowers to supply their motor vehicles as collateral.
   (Published: Fri, 01 Jan 2010 21:06:01 GMT)

10. SCC plugs payday loan loophole (Richmond Times-Dispatch)
    Virginia regulators are plugging a loophole that allows some payday lenders to escape restrictions on loans and interest rates. The order by the State Corporation Commission is another blow to the high-cost, instant-loan industry and may have implications for a looming fight in the 2010 General Assembly over a possible clampdown on now largely unregulated car-title lenders.
    (Published: Fri, 01 Jan 2010 05:03:54 GMT)