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3/3/2010

1. 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)

2. Payday Loan Consolidation Firm Payday Freedom Offers Flexible Solutions to Help With Americans Struggling in the ... (dBusinessNews.com)
   March 2, 2010 – Payday Loan Consolidation firm, Payday Freedom, announced today a unique program that will help people struggling with their payday loan debt.
   (Published: Tue, 02 Mar 2010 22:38:00 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. 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)

5. Report: Payday lending industry gave campaign fundraising committees $28,000 (The Appleton Post-Crescent)
   MADISON 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, a report released Monday says.
   (Published: Tue, 02 Mar 2010 10:26:57 GMT)

6. 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)

7. Some Consumers Gouged On Payday Loan Web Sites (WGAL 8 Susquehanna Valley)
   News 8 is On Your Side with a warning about payday loans people can access on the Internet.
   (Published: Tue, 02 Mar 2010 17:48:18 GMT)

8. Payday UK - Need Cash Fast - Immediate Decision Online (OfficialWire)
   No money? Bills to pay? Do you need cash - fast? A payday loan gives you access to money quickly until payday just when you need it most
   (Published: Tue, 02 Mar 2010 11:19:50 GMT)

9. Report: Payday loan companies donated more than $28,000 to Wisconsin politicians (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: Tue, 02 Mar 2010 10:11:51 GMT)

10. 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)