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3/2/2010

1. Payday lenders giving advances on unemployment checks (Los Angeles Times)
   Critics say the high fees that come with the loans send the jobless into a cycle of debt. The industry sees it as a service for people in need. The payday loan industry has found a new and lucrative source of business: the unemployed.
   (Published: Mon, 01 Mar 2010 04:55:59 GMT)

2. Banks Shift From Overdraft Fees to Payday Loan Type Products: Will it Work Out? (PR Newswire via Yahoo! Finance)
   Pay1Day.com. The implementation of the Card Act of 2009 and the Overdraft Fee Legislation marks an increasingly shifted focus from traditional loan products to payday loan type services by big banks, observes a Bloomberg article and Solomon Finance. Â Although the new reforms have made it difficult to sustain profitability from credit card and overdraft fees, two of banks most profitable ...
   (Published: Mon, 01 Mar 2010 14:00:00 GMT)

3. Report shows payday lending industry gave Wisconsin parties $28,000 (Pioneer Press)
   Payday loan companies donated more than $28,000 to campaign fundraising committees as the state Legislature was considering a bill that would have placed stricter regulations on the industry, according to a report released today.
   (Published: Mon, 01 Mar 2010 17:14:53 GMT)

4. Payday loan firms donated $28K to Wisconsin lawmakers, report shows (Green Bay Press-Gazette)
   Payday loan companies donated more than $28,000 to campaign fundraising committees as the state Legislature was considering a bill that would have placed a cap on interest rates, according to a report released Monday.
   (Published: Mon, 01 Mar 2010 15:24:51 GMT)

5. Scam claims victim has payday loan debt (Tacoma News Tribune)
   A new collection scheme aimed at payday loan customers is threatening Washington consumers, says the Washington State Department of Financial Institutions.
   (Published: Sat, 27 Feb 2010 08:18:42 GMT)

6. The Unemployed on the Payday Loan Treadmill (Columbia Journalism Review)
   The Los Angeles Times reports that payday lenders are feasting on the jobless, taking huge chunks of their unemployment checks in exchange for advancing them money for a week or two.
   (Published: Mon, 01 Mar 2010 20:02:58 GMT)

7. Cash Doctors Australia Extends $2 Payday Loans Offer Indefinitely Due To A Huge Increase In Product Demand (PRWeb via Yahoo! News)
   Cash Doctors, Australias leading online payday loans and cash advance provider, responds to increasing market demand by extending their $2 first time loan offer. Borrowers who have not had a cash advance before with the company can access a payday loan and repay only $2 more than they borrow.
   (Published: Mon, 01 Mar 2010 04:03:00 GMT)

8. Cash Doctors Australia Extends $2 Payday Loans Offer Indefinitely Due To A Huge Increase In Product Demand (PRWeb)
   Cash Doctors, Australias leading online payday loans and cash advance provider, responds to increasing market demand by extending their $2 first time loan offer. Borrowers who have not had a cash advance before with the company can access a payday loan and repay only $2 more than they borrow. (PRWeb Feb 28, 2010) Read the full story at http://www.prweb.com/releases/Cash-Doctors ...
   (Published: Mon, 01 Mar 2010 06:07:54 GMT)

9. Report: Payday lending industry gave parties $28K (AP via Yahoo! Finance)
   Payday loan companies donated more than $28,000 to campaign fundraising committees as the state Legislature was considering a bill that would have placed stricter regulations on the industry, according to a report released Monday.
   (Published: Mon, 01 Mar 2010 18:28:26 GMT)

10. Banks Shift From Overdraft Fees to Payday Loan Type Products: Will it Work Out? (redOrbit)
    LOS ANGELES, March 1 /PRNewswire/ -- Pay1Day.com.
    (Published: Mon, 01 Mar 2010 17:03:32 GMT)