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3/29/2011House committee OKs payday loan reform
JEFFERSON CITY — A bill that would tighten rate regulations and add consumer protections to the states payday loan industry won approval over a more restrictive payday bill in a House committee Wednesday. The passing bills sponsor, Rep. Ellen Brandom, R-Sikeston, developed the legislation in a bipartisan committee last summer. The bill with stricter regulations, which failed to pass through ...
(Published: Wed, 16 Mar 2011 20:22:16 -0700)Religious leaders bring new urgency to payday loan reform
Maybe bishops and ministers can shame Austin into action on payday loans.
(Published: Fri, 25 Mar 2011 22:01:10 -0700)Cache County man allegedly bilked investors of millions to feed lavish lifestyle
SALT LAKE CITY — A Cache County man faces federal charges for allegedly bilking investors in an online payday loan company of millions of dollars to fund a lavish lifestyle.
(Published: Mon, 28 Mar 2011 08:34:12 -0700)Payday loan reform measure advances
JEFFERSON CITY — A payday loan bill that supporters contend brings new protections to consumers but critics call a false reform that actually helps the industry won approval in a House committee Wednesday.
(Published: Thu, 17 Mar 2011 12:05:20 -0700)SEC Halts $47M Investment Fraud at Utah-Based Payday Loan Companies
Washington, D.C., - The Securities and Exchange Commission today announced that it has obtained a co...
(Published: Mon, 28 Mar 2011 09:42:20 -0700)SEC Stops $47M Fraud at Payday Loan Companies
The Securities and Exchange Commission said Monday that it has obtained a court order freezing the assets of two online payday loan companies and their owner, charging them with perpetrating a $47 million offering fraud and Ponzi scheme.
(Published: Mon, 28 Mar 2011 10:14:38 -0700)Payday Loan Marketers Who Allegedly Tricked Consumers into Buying Prepaid Debit Cards Will Pay More Than $800,000 to ...
Two men who operated a service matching borrowers with potential lenders will pay $800,000 and the proceeds from the sale of a house to settle Federal Trade Commission charges that they tricked hundreds of thousands of payday loan applicants into paying for an unrelated debit card.
(Published: Thu, 17 Mar 2011 08:22:49 -0700)Panel kills payday loan bill
Panel kills payday loan bill By Lee Davidson The Salt Lake Tribune Published Mar 2, 2011 09:22PM MDT A bill aimed at stopping people who obtain “payday loans” from spiraling into uncontrolled debt was killed by a House committee on Wednesday. HB113 by Rep. Brad Daw, R-Orem, would have created a database to list people who have a payday loan or who are in default on one. Once listed, no payday ...
(Published: Wed, 02 Mar 2011 20:29:01 -0800)SEC Halts $47 Million Investment Fraud at Utah-Based Payday Loan Companies
Washington, D.C., March 28, 2011 – The Securities and Exchange Commission today announced that it has obtained a court order freezing the assets of two online payday loan companies and their owner charged with perpetrating a $47 million offering fraud and Ponzi scheme.
(Published: Mon, 28 Mar 2011 08:23:00 -0700)SEC: Ponzi scheme was run through payday loan company
SEC: Ponzi scheme was run through payday loan company By melinda Rogers The Salt Lake Tribune Published Mar 25, 2011 09:16PM MDT A Hyde Park man has been accused in federal court of orchestrating a Ponzi scheme under the guise of an online payday loan company. The Securities and Exchange Commission on Friday filed a complaint in U.S. District Court against John Scott Clark, 58, and his ...
(Published: Fri, 25 Mar 2011 14:05:40 -0700)
