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2/2/2011Nova Scotia payday loan companies to reduce fees
Nova Scotians looking for quick cash will soon shell out less for a so-called payday loan.
(Published: Tue, 01 Feb 2011 11:10:21 -0800)Woman charged 1,052 pct. interest sues payday loan company
SEATTLE - A King County woman is taking her payday loan company to court, claiming she was, at one point, charged 1,052 percent interest and that the company is violating new restrictions on payday loan companies put into place in Washington just last year. The suit states the Cash 1 and Retail America tried to get around the new laws by selling supermarket gift cards. The customers were then ...
(Published: Tue, 01 Feb 2011 17:36:59 -0800)Praise and blame for payday loan decision
The Nova Scotia Utility and Review Board released a decision today that appeared highly sympathetic to payday lenders. The Board lowered the maximum rate of borrowing from $31 per $100 to $25 per $100, but the new rate is still the highest maximum, regulated fee in Canada.… [ Read more ] [ Subscribe to the comments on this story ]
(Published: Tue, 01 Feb 2011 17:37:07 -0800)UARB orders lower fees on payday loans
Payday loan companies in Nova Scotia have been ordered to stop charging so much interest on their loans.
(Published: Tue, 01 Feb 2011 12:38:39 -0800)N.S. drops cost of taking out payday loans
HALIFAX - Nova Scotians in need of fast cash will soon shell out less for a so-called payday loan.The Nova Scotia Utility and Review Board said Tuesday it would cut the maximum cost of borrowing to $25 per $100, down from $31 — a figure set in 2008.Consumer advocate David Roberts said that, even with the cut, Nova Scotia will still have the highest cost among regulated provinces so the burden ...
(Published: Tue, 01 Feb 2011 12:27:00 -0800)NS payday loan rates still highest in Canada
The Nova Scotia Utility and Review Board has cut the maximum cost of short-term payday loans from $31 to $25 per $100 borrowed. The decision, released today, means Nova Scotia continues to allow payday lenders to charge the highest regulated rates in the country.… [ Read more ] [ Subscribe to the comments on this story ]
(Published: Tue, 01 Feb 2011 07:52:07 -0800)Thinking of taking out a payday loan? Read this first...
You’ve probably seen adverts for payday loans from companies such as Wonga. They’re promoted as a quick way to get emergency cash - many firms advertise the fact decisions are instant and the money can be in your bank account that day.
(Published: Wed, 26 Jan 2011 08:05:52 -0800)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)Miss. religious group seeks end to payday loan law
The Mississippi Religious Leadership Conference, an interfaith group of Christians, Jews, Muslims and others, is asking lawmakers to put payday lenders out of business in the state.
(Published: Mon, 24 Jan 2011 11:58:55 -0800)Payday Loan Business To Be Banned In Particular States
The payday loan lending rage has been roaming all across the nation from quite a long time. It wont be astonishing to know that the payday-lending and check-cashing stores have been around the United States for years now. However now the scenario seems to be a bit changing and the motto is that now various payday lending stores want themselves to shut down this...
(Published: Thu, 06 Jan 2011 21:26:21 -0800)
