Big Banks Entering Payday Loan Fray
Payday loans, traditionally offered by check cashing stores with names like Advance America, Dollar Loan Center or Check City, have gone mainstream. Known for interest rates that can run as high as 391 percent and short repayment periods, these loans are
(Published: Sun, 11 Sep 2011 02:00:37 -0700)
Minnesota attorney general sues 5 Internet payday lenders
Youve seen the payday loan businesses in strip malls. Now, people in desperate need of cash are turning to online lenders, and the Minnesota attorney general says some customers are being illegally shaken down.
(Published: Thu, 08 Sep 2011 19:48:15 -0700)
Comment on Bank of America will cut 30,000 jobs
Im always amazed and saddened at the amount of money store/payday loan shark type branches that exist in this country and the amount of real estate that they take up.
(Published: Mon, 12 Sep 2011 09:25:32 -0700)
Birmingham City Council delays vote on banning payday loan stores
The Birmingham City Council is considering putting a moratorium on pay day loan companies.
(Published: Tue, 13 Sep 2011 10:57:40 -0700)
EDITORIAL: Don't give in to payday loan industry
Every year, the payday lending industry seeks legislation in California to loosen consumer protections -- creating more profits for loan sharks but driving more people into cycles of chronic debt. Greased by campaign contributions, these bills easily pass
(Published: Fri, 26 Aug 2011 17:22:52 -0700)
Police search for suspect in payday loan company robbery
Brownsville police are searching for a man who allegedly robbed a local payday loan company at gunpoint. The incident happened at around 2:30 p.m. Tuesday at Texas Car Title & Payday Loan, at 2934 International Blvd.
(Published: Tue, 30 Aug 2011 19:11:26 -0700)
Payday loan vote delayed for Birmingham City Council
The Birmingham City Council has postponed their vote on a plan to limit the number of pay day and title loan companies coming into the city...
(Published: Tue, 13 Sep 2011 10:44:59 -0700)
Birmingham council may block title, payday loan businesses
Proposed ordinance modeled after Midfield law, now in court on charge of a violation of free commerce.
(Published: Mon, 12 Sep 2011 03:41:57 -0700)
Payday loan initiative faces challenge
A lawsuit filed Thursday in Cole County Circuit Court challenges the wording of a ballot measure asking voters to cap payday loan interest rates. John Prentzler is listed as the plaintiff, and the lawsuit was filed by Kansas City attorney Todd Graves with assistance from Jefferson City attorney Chuck Hatfield. Prentzler is director of auto operations at AutoStart USA, a Kansas City-based car ...
(Published: Fri, 19 Aug 2011 12:04:50 -0700)
Payday loans under spotlight as economic squeeze widens their appeal
SCOTTISH families are increasingly turning to payday loans to get through the month as the squeeze on household finances tightens.
(Published: Tue, 13 Sep 2011 16:07:59 -0700)