newsarchive
6/19/2010Robber takes out a loan at gunpoint
A gunman held up a payday loan business this morning, escaping with an unknown amount of cash after checking with a lookout that the coast was clear, Colorado Springs police reported.The man entered the EZ Money store at 1656 S. Circle Drive around 9...
(Published: Fri, 18 Jun 2010 16:23:25 -0700)Attorney: avoid online payday loan sites
An Albertville attorney is warning residents to avoid online payday loan sites. Vincent Smith, who handles bankruptcies, said many of his clients are victims of the sites.
(Published: Tue, 15 Jun 2010 08:55:54 -0700)Payday lenders can't hike rates: minister
Newfoundland and Labradors provincial government said Wednesday that it will not introduce regulations that would allow payday loan companies to increase their interest rates.
(Published: Wed, 16 Jun 2010 16:35:04 -0700)Payday loans should be part of reform plans
Nearly a decade after a major regulatory overhaul in Florida, payday lenders appear as common on Central Florida street corners as McDonalds.
(Published: Fri, 18 Jun 2010 20:58:40 -0700)If you get in a bind there are ways to avoid the payday loan trap
While payday loans are easy to get, theyre expensive: The annual percentage rates can be over 700%. There are other ways to raise fast cash.
(Published: Mon, 14 Jun 2010 20:24:08 -0700)Limits to Lending
On July 1, Arizonas payday-loan industry will no longer be legal by Dave Devine A small, handwritten sign posted inside of a business on South Sixth Avenue announces a coming changeat least to customers who are paying close attention. After stating that payday loans will no longer be available after the end of the month, it proclaims: "Beginning July 1, we will be offering registration loans ...
(Published: Wed, 16 Jun 2010 11:30:11 -0700)Payday Loans-Opt Swift Cash
Payday loans are as well generally referred to as cash advance , payday advances, payday advance loans and fast cash loans. Payday loans are required to provide agreements written in clear understandable and that disclose fees upfront in bold typeface print.
(Published: Wed, 16 Jun 2010 06:25:39 -0700)Arizona AG Goddard warns payday lenders about new law
PHOENIX Arizona Attorney General Terry Goddard on Wednesday warned payday loan stores not to try to keep operating as usual after a law authorizing their high-interest loans expires at the end of the month.
(Published: Thu, 17 Jun 2010 22:28:39 -0700)Are Government APR Caps Eliminating Competition Among Payday Lenders?
A payday loan is generally defined as a short-term loan that is usually paid back on the borrowers next payday. Â These short-term loans are offered at a higher APR which helps to offset the operating costs of providing a loan, usually to those with bad credit which leads to higher default rates when compared to traditional lending institutions. Â And although the payday lending industry argues ...
(Published: Wed, 16 Jun 2010 10:34:00 -0700)Doorstep and payday loan lenders escape interest rate cap
Capping interest rates and charges imposed by doorstep and payday loan lenders would further reduce competition in the sector, says Office of Fair Trading The Office of Fair Trading (OFT) has concluded there is no need to cap the interest rates and other charges levied by high-cost credit providers such as doorstep and payday loan lenders. At the end of a year-long review into a sector that ...
(Published: Fri, 18 Jun 2010 06:13:10 -0700)
