UserName Password

newsarchive

7/31/2010

1. Illinois Considering Small Loans Bill, Reports AboutPaydayLoan.com
   As our payday loan states article published on June 21st reported, Illinois governor Pat. Quinn, signed State Law HB 537, which is a bill that supposedly closes a loop hole in that States 2005 Payday Loan Act.
   (Published: Thu, 29 Jul 2010 21:01:00 -0700)

2. The Savings Bank awarded for loan program
   The Savings Bank was recently recognized by the Federal Deposit Insurance Corporation for its participation in the Small Dollar Loan Pilot Program.
   (Published: Fri, 30 Jul 2010 11:04:46 -0700)

3. Lightning sparks fire in Liberty
   Lightning caused a fire tonight at a Liberty payday loan store, according to dispatchers for the Liberty Fire Department. Firefighters with the Liberty and Kansas City fire departments responded before 10 p.m. at the Check Into Cash, 957 W. Liberty Drive.
   (Published: Fri, 30 Jul 2010 20:25:46 -0700)

4. Officials warn of payday loan collection scam
   MyNews4.com - The office of the Attorney General is warning consumers of a payday loan collection scam. Nevadans have been receiving telephone calls from people claiming to be from the "Federal Government of Crime and Prevention," "Criminal Bureau of Identity," and other fake governmental names.
   (Published: Tue, 27 Jul 2010 07:11:05 -0700)

5. Payday lender battles fee limit in court
   Manitobas crackdown on payday loan shops has hit another snag: A quick-cash company has asked a federal judge to quash new provincial caps on fees and interest rates.
   (Published: Wed, 28 Jul 2010 06:57:30 -0700)

6. The vulnerable need more payday loan protection
   Over the years, Ive met too many people who were stuck in a hellish payday loan cycle, rolling one loan into another until the fees and outstanding balance crushed them.
   (Published: Thu, 29 Jul 2010 11:41:15 -0700)

7. Payday loan collection scam alert
   Carson City , NV - The Office of the Attorney General is warning consumers of a payday loan collection scam currently occurring in Nevada.
   (Published: Mon, 26 Jul 2010 14:38:08 -0700)

8. Payday loan outlets dwindling
   This payday loan outlet in Shadle Center is one of six Advance America Cash Advance Centers Inc. stores still operating here. Staff photo by Mike McLean
   (Published: Fri, 30 Jul 2010 00:11:55 -0700)

9. Banks Competing for Payday Loan Customers, According to AboutPayDayLoan.com
   According to About Payday Loan, a payday loan resource blog, now that Regulation E has passed, there have been a number of reports saying that banks are going to go after payday loan lenders customers. Where this could be the case in a few states or branches, but big banks have typically stayed away from anyone with less than perfect credit.
   (Published: Tue, 27 Jul 2010 00:01:00 -0700)

10. Desperate for capital, small businesses turn to private lenders
    Business owners turned down by banks are taking out hard money loans, often at sky-high interest rates. With financial help for the nations small businesses locked in a congressional imbroglio and bank loans still tough to get, many smaller firms are turning reluctantly to high-dollar lenders of last resort.
    (Published: Fri, 30 Jul 2010 17:25:50 -0700)