newsarchive
10/29/2010State panel hears of payday loan troubles
After taking out a $500 payday loan to fund emergency car repairs last summer, Hikes Point homemaker Tonia Nolden has wracked up $400 in fees without a dent against the principle.
(Published: Wed, 13 Oct 2010 16:49:02 -0700)Payday loan rules blamed for store closures
The doors have closed at several payday loan outlets in Winnipeg just as tough new legislation in Manitoba takes effect.
(Published: Wed, 20 Oct 2010 12:41:03 -0700)Get Satisfaction Helps Mogo Use Facebook to Transform Short-Term Lending
SAN FRANCISCO, CA--(Marketwire - 10/28/10) - The payday loan or short-term lending industry is notorious for hidden costs and poor customer support. But Mogo, Canadas top short-term lender, has used its Facebook page and a customer community to completely overhaul the perception of short-term loans. This commitment has paid off with more than 20,000 customers using Mogo for their short-term ...
(Published: Thu, 28 Oct 2010 10:00:00 -0700)PA Supreme Court upholds ban on online payday loans
Interest rate caps apply online, too. Payday lending - providing short-term or paycheck-to-paycheck loans at astronomical interest rates - was flushed out of Pennsylvania years ago by a law that required lenders to be licensed and capped interest rates well below the typical payday loan rates.
(Published: Thu, 28 Oct 2010 11:46:10 -0700)Suspects wanted in connection to St. Charles Payday Loan store robbery
(KMOV) -- Police are looking for two suspects in connection to an armed robbery at the Missouri Payday Loan Store at 2196 First Capitol Drive. According to police, the male suspect vaulted the counter while the female suspect pointed a black semi-automatic handgun at the clerk. The reportedly left the store on foot toward the rear of the store and may have left the area in a white cargo type ...
(Published: Wed, 20 Oct 2010 17:37:22 -0700)Police looking for payday loan store robber
PORT HURON TWP. — Police are looking for a man who robbed the Check ‘n Go, 1327 24th St., about 3 p.m.
(Published: Mon, 25 Oct 2010 20:04:22 -0700)Man accused of robbing payday loan store, abducting employees
OFALLON - Authorities are warning the public to watch out for a man suspected of committing a string of violent crimes, including an armed robbery Tuesday at an OFallon payday loan business where he allegedly abducted two employees.
(Published: Tue, 26 Oct 2010 17:48:07 -0700)I-164 aims to cap payday loan rates
MISSOULA - An initiative to cap payday loan rates is on the ballot for the first time in Montanas history as over 27,000 voter signatures were collected to put I-164 on the election ballot.
(Published: Fri, 22 Oct 2010 17:13:06 -0700)State Sues Payday Loan Store After Personal Info Ends Up In Trash
After personal information -- including customers Social Security numbers, drivers license numbers and financial account numbers -- was found in a trash cans behind four store locations, a payday loan store was sued by the state for failing to protect their customers information.
(Published: Sat, 16 Oct 2010 16:16:11 -0700)5,000 hit by fraud on loan firm
Thousands of people are being pursued by debt collectors for loans they have not taken out, as a result of fraudsters targeting payday loan firm Help Loan at a cost of at least £1.5m.
(Published: Sat, 23 Oct 2010 10:41:00 -0700)
