newsarchive
3/1/2011US 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)Payday loan chief denounces hidden fees of 'oligopoly' banks
Errol Damelin, chief executive at payday loans business Wonga, has slammed banks as "an oligopoly" and defended his companys highly criticised high interest repayment structure as being part of the "Facebook generation".
(Published: Sat, 26 Feb 2011 16:06:28 -0800)Payday Loan Companies Coming Back?
Synopsis: Businesses that offer payday loans are urging the state to relax interest rate caps so they can do business here again. NHPR’s Dan Gorenstein reports that supporters believe the change would bring jobs and give cash-strapped citizens a hand. Transcript: Jamie Fulmer with Advance America says his company wants to offer a product in the state that offers greater consumer protections ...
(Published: Fri, 25 Feb 2011 13:29:09 -0800)Payday loan bill signed into law
Gov. Haley Barbour has signed legislation that changes how payday lending companies operate while giving the industry at least three more years to do business in Mississippi.
(Published: Sat, 26 Feb 2011 09:24:42 -0800)Woman Says Payday Loan Caller Keeps Harassing Her
A Volusia County woman said shes being harassed by phone by someone who claims she owes money for a payday loan.
(Published: Mon, 28 Feb 2011 14:34:13 -0800)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)Spurned by Speaker, payday loan foe goes it alone
State Rep. Mary Still answers back to Speaker Steve Tilley, who critiqued her legislative approached.
(Published: Mon, 28 Feb 2011 08:35:01 -0800)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)Payday Loan Bill Becomes Law
JACKSON, Miss. (AP) - Gov. Haley Barbour has signed legislation giving payday lending companies at least three more years to do business in Mississippi, but making changes to their operations.
(Published: Fri, 25 Feb 2011 13:58:40 -0800)Payday loan firms charge desperate families more than 4,200% interest
A PAYDAY loan firm has sparked fury by charging desperate families 4,214 per cent a year in interest.
(Published: Sat, 26 Feb 2011 16:26:25 -0800)
