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3/29/2010

1. Bill would cap payday loan interest for jobless (Los Angeles Times)
   Such lenders, who can charge annualized interest of 459%, would have to limit the rate to 36% for the unemployed. New legislation introduced Friday targets payday lenders who offer loans to the unemployed.
   (Published: Sat, 27 Mar 2010 01:08:46 GMT)

2. Report: Payday lenders gave $75K to Wis. officials (AP via Yahoo! Finance)
   A new report says payday lenders gave $75,000 to campaign committees controlled by Wisconsin politicians in 2009. The Wisconsin Democracy Campaign says Democrats who control the Assembly and Senate accepted more than $47,000 in campaign donations from the payday lending and auto title loan industries.
   (Published: Thu, 25 Mar 2010 15:44:57 GMT)

3. Payday loan cap debate (WQOW Eau Claire)
   Should payday lenders be allowed to charge unlimited interest on short-term loans? Thats a question lawmakers will decide in the coming weeks.
   (Published: Wed, 24 Mar 2010 16:23:28 GMT)

4. Defending payday loan industry complete distortion of situation: Sun Press Letter to the Editor (The Sun Press)
   Rarely have I seen such a distortion of a situation as in the defense of payday loans (“Payday loan industry a necessity, not an evil,” Sun News, March 4.) And I do know a family who has been involved in this trap, and it has been a nightmare.
   (Published: Sat, 27 Mar 2010 17:25:25 GMT)

5. Cash Converters reaches settlement on payday loans (Timaru Herald)
   The Commerce Commission and second hand goods trader Cash Converters have reached a settlement over the companys pay day loan contracts.
   (Published: Wed, 24 Mar 2010 00:33:20 GMT)

6. Payday loan bill rejected (Columbia Daily Tribune)
   JEFFERSON CITY — Republican leaders blocked an attempt late Monday by state Rep. Mary Still, D-Columbia, to get a payday loan reform bill onto the House floor for consideration.
   (Published: Tue, 23 Mar 2010 19:06:31 GMT)

7. Religious leaders protest payday lending practices in Wisconsin (FOX 6 Milwaukee)
   A group of morals says Payday lending practices are not just bad business, its bad morals. These religious leaders are asking Wisconsin legislators to take a stand against Payday Loan stores.
   (Published: Tue, 23 Mar 2010 23:41:00 GMT)

8. Derailing help for consumers   (Hutchinson News)
   WASHINGTON - Why should there be any significant opposition to the creation of an independent agency ...
   (Published: Mon, 29 Mar 2010 02:58:54 GMT)

9. Report: Payday lenders gave 75K to Wis. officials (The Oshkosh Northwestern)
   MADISON, Wis. (AP) - A new report says payday lenders gave $75,000 to campaign committees controlled by Wisconsin politicians in 2009.
   (Published: Fri, 26 Mar 2010 09:22:48 GMT)

10. No banks willing to loan to BH schools (The Herald-Palladium)
    BENTON HARBOR - Benton Harbor schools employees may have to wait a few extra days to get paid during an April pay period.
    (Published: Sat, 27 Mar 2010 21:36:55 GMT)