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8/29/2010

1. John Suthers's Proposed Payday Loan Rule 'Absurd,' Says Ritter's Attorney
   Whats Your Reaction? Proposed new rules for payday lending companies are being attacked by the industry as well as people who want to see stricter regulations.
   (Published: Thu, 26 Aug 2010 11:52:56 -0700)

2. State DFI warns of out-of-state loans
   If youre looking for a small loan, be careful.
   (Published: Sat, 28 Aug 2010 09:38:18 -0700)

3. Payday Lenders Effected by Recent Legislation, Looking Into Alternatives
   Due to recent legislation and financial overhaul, many payday lenders like Payday Loan Trust, are considering alternatives in order to continue business.
   (Published: Wed, 25 Aug 2010 00:01:00 -0700)

4. Payday loan signs still pepper Tucson
   Nearly two months after payday loans became illegal in Arizona, some stores have covered up the "Payday" portion of the sign, others have replaced them with signs for other products; yet, signs still exist in Tucson that advertise the high interest loans. Attorney General Terry Goddard says those signs should be gone.  "It would be very suspicious if the name on the store still says payday loans ...
   (Published: Fri, 27 Aug 2010 16:09:40 -0700)

5. Madigan: Fake collections agents prey on payday loan customers
   Thats the warning today from Illinois Attorney Generals office, which has seen a jump in consumer complaints involving bogus collections calls.
   (Published: Wed, 25 Aug 2010 15:45:14 -0700)

6. Central Texans targeted by phone scams
   A phone scam has made its way to central Texas. The Better Business Bureau says the callers are claiming to be a debt collection agency for U.S. Cash Advance, thats a payday loan company based out of Kentucky.
   (Published: Sat, 28 Aug 2010 15:29:51 -0700)

7. Payday Lenders Question The Implications of House Bill 1351 in Colorado, Reports About Payday Loan
   According to About Payday Loan, recently in Colorado, House Bill 1351 was passed in an attempt to limit APR’s for payday loans in Colorado, but critics from both sides are now questioning the true implications of HB 1351 for both consumers and payday lenders.
   (Published: Sat, 28 Aug 2010 00:01:00 -0700)

8. Payday Loan Business Booming in Wyoming, Payday Loan Trust Concurs
   Payday Loan Trust concurs facts stated in an article by Public News Services, payday lending business is booming as the amount loaned by payday lenders has increased by up to 15 percent each year for the past 10 years.
   (Published: Thu, 26 Aug 2010 00:01:00 -0700)

9. Payday Loan Collection Scam Warning
   Attorney General Lisa Madigan today warned Illinois residents to be on the alert for scam artists posing as collectors of payday loan debt.
   (Published: Wed, 25 Aug 2010 13:06:50 -0700)

10. Proposed payday loan rule ‘absurd,’ says Ritter’s attorney
    Proposed new rules for payday lending companies are being attacked by the industry as well as people who want to see stricter regulations. Gov. Bill Ritter’s chief legal counsel, Craig Welling, called one of the rules “absurd,” but payday lending companies say other parts go beyond a new law calling for them in the first place.
    (Published: Wed, 25 Aug 2010 23:18:32 -0700)