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11/19/2011Payday loan businesses thrive in state with Assemblyman Charles Calderon's backing
Facing government crackdowns around the country, payday lenders are thriving in lightly regulated California, where they lure hundreds of thousands of desperate borrowers a year despite punishing, triple-digit interest rates.
(Published: Mon, 14 Nov 2011 08:23:13 -0800)Debt charities warn against 0% payday loan deal
The introductory 0% offer could see debts soon spiral out of control, says Citizens Advice and the Money Advice Trust Debt counselling charities have warned struggling borrowers not to be lured by the offer of interest free, short-term loans. The loans, offered by short-term lender InstantLoansDirect.com, charge 0% interest for the first eight days, then 50p a day for every £100 borrowed until ...
(Published: Wed, 16 Nov 2011 10:18:42 -0800)Birmingham City Council delays payday loan moratorium
Birmingham City Council delays the vote that would put a cap on payday loan businesses within city limits.
(Published: Tue, 15 Nov 2011 14:11:31 -0800)Ideal Financial Announces Plans to Become a Direct Lender in $42 Billion Payday Loan Industry
LAS VEGAS -- Ideal Financial Solutions, Inc. (OTCQB:IFSL.PK - News), a fully reporting company listed on the OTCQB, creator and provider of various financial products and services for businesses and individuals ...
(Published: Thu, 17 Nov 2011 13:05:00 -0800)No decision on whether to ban Birmingham payday loan businesses
The Birmingham City Council took up the issue of banning payday loan operations within the city during Tuesdays session. Hilary Golston reports
(Published: Tue, 15 Nov 2011 16:33:55 -0800)POKIN AROUND: PayDay Loan sues Collinsville over property rights
In Collinsville, what do flea markets, pawn shops, and payday loan businesses have in common?
(Published: Mon, 14 Nov 2011 22:09:15 -0800)Lawmaker wants to allow only 1 payday loan at a time
Lawmaker wants to allow only 1 payday loan at a time By Lee Davidson The Salt Lake Tribune Published Nov 17, 2011 07:56AM MDT Rep. Brad Daw, R-Orem, wants to create a state database of people who have high-interest payday loans — to prevent them from taking out more than one such loan at a time, and potentially spiraling into debt. Advocates for the poor love the proposal. A company that ...
(Published: Wed, 16 Nov 2011 20:27:09 -0800)Ponzi Scheme Ringleader Indicted
Doris Nelson, who allegedly ran a payday loan business as a front for a Ponzi Scheme that bilked millions from investors, pleaded not guilty to a far-ranging list of charges handed up by a Grand Jury Thursday afternoon in federal court.
(Published: Thu, 17 Nov 2011 15:31:41 -0800)First Person: High Interest Rates Were Just the Start of My Payday Loan Nightmare
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that youd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...
(Published: Wed, 16 Nov 2011 23:53:16 -0800)Banks now filling in payday loan void
DAYTON — Banks in Ohio have been filling the gap left by payday loan shops, which were nearly driven out of the state in 2008 when lawmakers capped the interest rates they charged.Several big banks with offices in the Dayton area now offer their own short-term loans against customers’ paychecks, generally in the form of checking account advances.
(Published: Mon, 07 Nov 2011 17:52:03 -0800)
