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9/5/2010

1. Payday Loan Defendant Settles FTC Charges
   Illegally Tried to Garnish Borrowers Wages
   (Published: Sat, 04 Sep 2010 06:57:00 -0700)

2. Payday loan initiative draws praise, criticism in Great Falls
   Proponents of an initiative that would cap the interest rate for payday and title loan lenders held a rally in Great Falls on Wednesday.
   (Published: Wed, 01 Sep 2010 16:55:27 -0700)

3. NEW: Payday loan business robbed in Wood River
   WOOD RIVER - Police are searching for a woman suspected of robbing a "payday loan" business during lunch. The black female reportedly entered the Cash Store, 629 Wesley Ave, around 12:30 p.m. wearing all black, including a ski mask and sunglasses, and brandished a handgun and demanded money.
   (Published: Tue, 31 Aug 2010 11:33:07 -0700)

4. Payday Loan Defendant Settles FTC Charges; Illegally Tried to Garnish Borrowers' Wages
   One of the owners of a payday loan and debt collection operation has agreed to settle Federal Trade Commission charges for his role in a scheme that illegally tried to garnish borrowers wages and used other illegal debt-collection practices.
   (Published: Thu, 02 Sep 2010 07:08:45 -0700)

5. Montana Voters Will Decide Payday Loan Laws
   Opponents worry an initiative to cap interest rates on payday loans could drive them out of business. Voters will decide Initiative 164 in November. Wednesday, supporters rallied in Missoula. Right now, lenders can charge more than 400% interest annually.
   (Published: Wed, 01 Sep 2010 16:08:45 -0700)

6. State payday loan fight a Madigan family affair
   The Watchdogs: The effort to crack down on "payday loans" in Illinois claimed a big victory in the Legislature last spring: passage of a state law setting new caps on the high interest rates lenders charge and also expanding the states tracking system to help ensure that consumers dont end up borrowing more than they can repay.
   (Published: Mon, 30 Aug 2010 02:00:37 -0700)

7. I-164 amis to cap payday loan rates
   MISSOULA - An initiative to cap payday loan rates is on the ballot for the first time in Montanas history as over 27,000 voter signatures were collected to put I-164 on the election ballot.
   (Published: Wed, 01 Sep 2010 19:28:51 -0700)

8. AboutPaydayLoan.com Wants Payday Loan Content Contributors
   Today the website officially announced that it is looking for payday loan content contributors in order to bring more payday loan education to its users. The website has formed an alliance with other payday loan sites, such as Payday Loans Max, and payday loan blog, in order to advocate responsible payday lending.
   (Published: Wed, 01 Sep 2010 00:01:00 -0700)

9. Madigan Family Benefits From Payday Loan Bill
   Representative Michael J. Madigan In the spring, payday loan reform passed the Illinois legislature , capping high interest rates for consumers and expanding a tracking system to keep tabs on lenders. While the measures certainly benefited borrowers of high interest loans, the Sun Times reports that the Madigan family benefited from the loan as well. Lobbyist Jordan Matyas, son-in-law to House ...
   (Published: Mon, 30 Aug 2010 11:51:29 -0700)

10. Critics approve of payday-loan rules
    DENVER - Payday-loan critics won another victory Tuesday when the attorney generals office adopted rules that require lenders to refund more fees when borrowers repay their loans early.
    (Published: Tue, 31 Aug 2010 22:36:29 -0700)