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12/9/2010

1. FBI draws attention to payday loan schemes
   The FBI says some recipients of payday loans are being defrauded by callers posing as representatives of the FBI, law firms or other legitimate-sounding agencies demanding repayment to avoid legal consequences.
   (Published: Tue, 07 Dec 2010 22:05:25 -0800)

2. The Truth About Payday Loans
   Due mostly to new credit and overdraft restrictions, and also the creation of the consumer financial protection bureau , the result is restricted access to credit for working and middle class and small businesses. Â But with restricted access to credit the demand does not diminish, leaving many Americans short on cash and with few or no options. Â And when faced with more expensive alternatives ...
   (Published: Tue, 07 Dec 2010 21:00:00 -0800)

3. Clive will restrict pawnshop, payday loan locations
   Clive City Council members took the first step Thursday in restricting the locations where pawnbrokers can set up shop, joining Des Moines and West Des Moines to become the third metro community to address the issue this year.
   (Published: Tue, 07 Dec 2010 02:32:28 -0800)

4. FBI warns of payday loan telephone collection scams
   Completing online applications for payday loans may result in ultra aggressive collection efforts by phone scammers even if the loans were never approved.
   (Published: Wed, 08 Dec 2010 13:00:07 -0800)

5. Payday loan industry hopes state will loosen rules
   With Republicans about to take control of the Legislature and governors office, payday loan stores and auto title lenders are looking to roll back limits recently placed on short-term loans.
   (Published: Sat, 13 Nov 2010 19:15:47 -0800)

6. Grass Roots: Will new payday loan law help tame industry?
   Its not yet clear what a new Wisconsin law regulating payday lenders will mean for the industry after it goes into effect on Jan. 1, but lenders in Montana arent even waiting for that states new law to take effect. Theyre closing up shop now.
   (Published: Tue, 30 Nov 2010 08:27:45 -0800)

7. Payday Loan Tree Helps their Customers find its 3000th Payday Loan for the Two Week Period Leading to Thanksgiving Day
   Keeping pace with the expected growth in Payday Loan applications during the holiday season, the company reports having successfully placed over 3 thousand customers with lenders during the Mid-November period alone (PRWeb November 22, 2010) Read the full story at http://www.prweb.com/releases/paydayloans/11/prweb4818204.htm
   (Published: Mon, 22 Nov 2010 08:15:04 -0800)

8. Payday Lenders Big Donors to Lawmakers Brian C Johnson
   : Snoopy, the difference between a payday loan and bottled water is that one is a loan and the other is not. As a result, the loan is subject to banking ...
   (Published: Wed, 24 Nov 2010 23:50:13 -0800)

9. FBI Issues Warning About Payday Loan Fraud Schemes
   The FBI says some recipients of payday loans are being defrauded by callers posing as representatives of the FBI, law firms or other legitimate-sounding agencies.
   (Published: Wed, 08 Dec 2010 09:35:19 -0800)

10. Payday Lenders Close Operations In Montana
    Theres a new cap on how much interest payday lenders in Montana may charge. Voters there approved the measure earlier this month. Now, the payday loan industry says hundreds of jobs will be lost. Consumer advocates say the new law will help poor people.
    (Published: Wed, 17 Nov 2010 03:53:12 -0800)