FTC shuts down payday loan business
The Federal Trade Commission has shut down a Timber Lake payday loan business they say was illegally garnishing wages from customers without a court order. Business owner Martin Webb agreed to a preliminary injunction that will halt debt collection efforts at Lakota Cash and Big Sky Cash pending trail, according to U.S. District Court records. The FTC alleges that when customers dont pay back a ...
(Published: Wed, 14 Sep 2011 00:43:42 -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)
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)
Reno City Council digest: gold, bike lanes, redistricting
City Council members on Wednesday told a payday loan company it cant get into the gold business, heard dissent on a planned bike lane on Plumas Street and started the process to redistrict their wards.
(Published: Wed, 14 Sep 2011 19:48:13 -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)
Police looking for suspects in Payday Loan robbery
A scheme by two suspected robbers didnt work out this weekend at the Payday Loan Center on 55th and Center on the citys northwest side.
(Published: Thu, 15 Sep 2011 15:09:24 -0700)
Have you taken out a payday loan? Email us!
Have you ever taken out a payday loan? TODAY is seeking people to interview for a segment about payday lending. If you are interested in being interviewed, please tell us about your loan experience and include your contact information.
(Published: Thu, 15 Sep 2011 11:12:01 -0700)
Payday loan advice query for Birmingham councilors raises eyebrows
Alabamas payday lenders arent associated with the emails, said Charles Hunter, spokesman for Borrow Smart Alabama, the industrys trade association.
(Published: Thu, 15 Sep 2011 05:41:57 -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)