newsarchive
9/2/2011FTC Returns Almost $2 Million to Payday Loan Applicants Who Were Tricked into Buying Prepaid Debit Cards
The Federal Trade Commission is mailing more than 110,000 refund checks to consumers defrauded by an online operation that tricked payday loan applicants into paying for an unrelated debit card. The FTC alleged that payday loan marketers Matthew Patterson, Mark Benning, Jason Strober, and Swish Marketing, Inc., worked with debit card marketers Jerry Klein, Joshua Finer, and VirtualWorks, LLC, to ...
(Published: Wed, 31 Aug 2011 07:08:28 -0700)Payday loan effort gets state approval
Secretary of State Robin Carnahan has approved a ballot initiative proposal that would let voters decide whether to cap payday loan rates.
(Published: Wed, 10 Aug 2011 12:05:02 -0700)Louisiana lets payday loans flourish: A guest column by Edward Ashworth
In Louisiana, its more convenient to get a payday loan than a Big Mac. Thats because there are four times as many payday loan outlets as McDonalds restaurants. While a steady diet of Big Macs will pile the pounds on,...
(Published: Sun, 21 Aug 2011 06:43:32 -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)Former pastor leads payday loan initiative
Tired of waiting for lawmakers to rein in payday loan interest rates, a retired Columbia pastor and other Missouri faith-based leaders are spearheading an effort to take the issue to voters.
(Published: Tue, 09 Aug 2011 12:05:11 -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 Loan Petition Challenged in Court
JEFFERSON CITY - Opponents of a petition to limit payday loan rates to 36 percent filed suit in Cole County Circuit court Monday to change the wording of the measure on the ballot. The plaintiffs want the petition to exclude installment lending from the new law.
(Published: Mon, 22 Aug 2011 14:15:59 -0700)Payday loan fee proposal could go to voters
A group frustrated by legislative inaction wants Missourians to vote on a proposal to regulate payday loan fees.
(Published: Thu, 11 Aug 2011 04:49:18 -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)Today's Events
Thanks to the internet, borrowers will find that applying for a faxless payday loan is now extremely easy, secure, convenient, and quick. An increasing number of cash advance lenders are eliminating the need for a borrower to fax or submit paperwork by offering this service online.
(Published: Thu, 01 Sep 2011 08:08:21 -0700)
