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2/19/2011

1. Payday loan bill seeks to set limits
   House members approved legislation Monday that would cut the interest rates on payday loans under $500, which covers the majority of loans made by those lenders.
   (Published: Mon, 14 Feb 2011 22:00:00 -0800)

2. Repeal payday loan limit?
   Tacomas Rep. Steve Kirby is among those sponsoring a controversial bill in Washington’s House of Representatives that could roll back some rules designed to protect people from predatory payday lenders.
   (Published: Sat, 05 Feb 2011 12:16:12 -0800)

3. Regulation Is Long Over Due For The Payday Loan Industry
   It’s time that we regulate these payday lending institutions and put an end to the poverty industry once and for all.
   (Published: Tue, 15 Feb 2011 09:37:20 -0800)

4. Religious coalition says claims against payday loan agencies clogging Utah courts
   The Coalition of Religious Communities says Payday loan collections are bogging down Utahs court system with small claims stemming from the practice of ultra-high money loan lending.
   (Published: Thu, 17 Feb 2011 18:12:18 -0800)

5. Woman charged 1,052 pct. interest sues payday loan company
   The suit states the Cash 1 and Retail America tried to get around the new laws by selling supermarket gift cards.
   (Published: Tue, 01 Feb 2011 17:35:24 -0800)

6. Proposed cap on payday loan interest rates turned down by House panel
   FRANKFORT — A state House committee torpedoed a proposal Wednesday to curtail interest rates
   (Published: Wed, 16 Feb 2011 12:36:38 -0800)

7. Payday loan store or loan shark?
   President Obama’s State of the Union was in large part about the state of our economy and the need to create jobs. With so many struggling, it’s no wonder that payday loan stores have become as familiar and frequent a sight as the corner tavern. But what should be made of the business they do? Do payday loans help people who can’t get money any other way? Or are they a diabolical debt trap ...
   (Published: Wed, 26 Jan 2011 13:45:14 -0800)

8. Payday Loan Bill Dies in Committee (For Now)
   Following up on my post from earlier this week , possibly due to the outrage of a public thats a little sick of seeing payday lenders come back from the dead again and again, the House Commerce Committee didnt hear HB 2550, which would create a new payday-loan-lite, when the committees chairman and the bills author, Jim Weiers, pulled the bill from consideration. My guess is that another ...
   (Published: Wed, 16 Feb 2011 16:35:17 -0800)

9. Payday loan bill passes in House
   Compromise legislation that cleared the House Monday would extend the payday lending industry in Mississippi another 2 1/2 years while lowering the equivalent 572 percent interest rate allowed under current law.
   (Published: Tue, 15 Feb 2011 07:23:25 -0800)

10. US payday loan firms plan rapid expansion in cash-strapped Britain
    • Credit at 30% a month can take minutes to secure • One group sees opportunity for 800 new branches in UK US corporations offering loans to poorer customers that often charge more than 30% in interest a month are planning a massive expansion in the UK, prompting warnings that thousands of families could become trapped in a cycle of debt, a problem already seen in America. One large "payday loan ...
    (Published: Tue, 15 Feb 2011 15:10:02 -0800)