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1/9/2010

1. Lawmaker to try again on payday loan reform (Columbia Daily Tribune)
   Usury, the practice of lending money at excessive interest rates, was once illegal in Missouri. But since the interest rate limit on small loans was removed, the number of “payday” loan stores in the state has increased dramatically.
   (Published: Mon, 04 Jan 2010 21:37:02 GMT)

2. Catholics push to restrict payday loans in Iowa (AP via Yahoo! News)
   A legislative effort to tighten regulation of payday loans has received a significant boost with the endorsement of the Iowa Catholic Conference, which on Tuesday called for new restrictions on loans where interest rates can soar to 400 percent.
   (Published: Tue, 05 Jan 2010 18:50:15 GMT)

3. Advocates Continue to Pursue Payday Lending Reform (WHSV Harrisonburg)
   It has been a year since new laws were passed to regulate payday lending.
   (Published: Thu, 07 Jan 2010 22:47:23 GMT)

4. N.H. lawmakers stall loan cap expansion, electric bill subsidy (New Hampshire Business Review)
   A series of bills left over from last year – including one that would prevent banks from taking the fingerprints of customers -- passed the New Hampshire House Wednesday, but the big debate focused on a measure that didn’t pass: a bill aimed at what supporters said is a loophole in the payday loan industry.
   (Published: Thu, 07 Jan 2010 02:00:05 GMT)

5. Cracking down on payday lenders (Mississippi Business Journal)
   Arizona will join a handful of Western states this year in proposing legislation that enacts a new set of regulations on the title loan and payday loan industry, if not eliminate it all together.
   (Published: Thu, 07 Jan 2010 14:43:50 GMT)

6. Catholics push to restrict payday loans in Iowa (San Francisco Chronicle)
   A legislative effort to tighten regulation of payday loans has received a significant boost with the endorsement of the Iowa Catholic Conference, which on Tuesday called for new restrictions on loans where interest rates can soar to 400 percent. "We believe... Loan - Payday loan - Interest rate - Business - Financial Services
   (Published: Tue, 05 Jan 2010 19:15:09 GMT)

7. Payday Loan Companies Face Scrutiny, New Laws (KSHB-TV Kansas City)
   Rep. John Burnett, D-Kansas City hopes to erode away some of the profits of payday loan companies.
   (Published: Tue, 05 Jan 2010 21:42:17 GMT)

8. New push pledged to curb payday loans (The Des Moines Register)
   Two Iowa lawmakers will make another attempt to rein in the payday-loan industry, a cash advance system they say can drive consumers far deeper into debt.
   (Published: Wed, 06 Jan 2010 10:07:46 GMT)

9. New year, new curbs on payday lenders (The Petersburg Progress-Index)
   State regulators have placed new restrictions on payday lenders in an effort to close loopholes that had allowed the short-term loan companies to sidestep limits added just a year ago. The State Corporation Commission last week entered an order that bars
   (Published: Tue, 05 Jan 2010 09:20:16 GMT)

10. Payday lenders hoping for new legislation in order to stay in business (KVOA Tucson)
    TUCSON, AZ - For the payday lending industry, its a last ditch effort push to help them survive in Arizona past July. Thats when new rules go into effect that could force many of them out of business.
    (Published: Fri, 08 Jan 2010 18:29:44 GMT)