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Todays Payday Loan HeadlinesLiving on Borrowed Time: Payday Lenders Are Back! (Tucson Weekly)
The payday lenders, who will go out of business on July 1 if they dont get legislative action before then, are making another effort for a new lease on life: Howie has the details: Rejected by voters and stymied in the House, lobbyists for payday lenders are now trying to get a Senate panel to approve legislation to keep the industry alive beyond June 30. But now theres a sweetener: Theyre ...
(Published: Fri, 12 Mar 2010 01:36:35 GMT)Corker Donor Could Benefit From Payday-Loan Exemption (Update1) (BusinessWeek)
Senate proposals to place a consumer financial agency under existing banking regulators could exempt payday loan companies from the new rules.
(Published: Wed, 10 Mar 2010 20:32:56 GMT)Keith Epstein: Update: Payday Lobby Turns to the Senate (The Huffington Post)
Fresh signs surfaced today of the influential payday loan industrys muscle in Washington, where lenders attempts to stay out of the reach of federal regulators...
(Published: Wed, 10 Mar 2010 20:15:07 GMT)Payday Loan Blamed For Ruining Man's Finances (TMJ4 Milwaukee)
Wisconsin is the only state in the country that doesn’t regulate the practices of payday loan companies. There’s a movement to change that.
(Published: Wed, 10 Mar 2010 01:52:53 GMT)Citizens speak out in support and against Payday Loan Stores (FOX 6 Milwaukee)
For people living check to check Payday Loan Stores are either a quick cash godsend or a money trap. The Social Development Commission is holding hearings on peoples good and bad Payday Loan experiences. FOX6 Reporter Bob Moore takes you to that public hearing.
(Published: Wed, 10 Mar 2010 00:26:30 GMT)Corker shaping payday loan rules in financial reform package (Chattanooga Times Free Press)
U.S. Sen. Bob Corker, R-Tenn.., said Wednesday he believes Senate negotiators are close to a bipartisan agreement over a new set of financial industry regulations.
(Published: Thu, 11 Mar 2010 05:28:43 GMT)Bill slashing payday-loan interest clears panel (Denver Post)
A House committee Monday night approved a bill that would significantly slash interest rates on payday loans, cutting out part of the bill that would have put the issue before Colorado voters.
(Published: Tue, 09 Mar 2010 08:13:36 GMT)Lobbyists fight to keep payday lending legal (The Yuma Sun)
PHOENIX — Rejected by voters and stymied in the House, lobbyists for payday lenders are now trying to get a Senate panel to approve legislation to keep the industry alive beyond June 30.
(Published: Fri, 12 Mar 2010 04:14:33 GMT)Payday lenders may avoid U.S. oversight (Los Angeles Times)
Consumer advocates hoped the lenders would be reined in by a new federal consumer financial protection agency, but a bipartisan proposal would largely exempt them from regulation. Payday lenders didnt cause the economic crisis, but consumer advocates hoped their sky-high interest rates on loans would be reined in as part of a sweeping regulatory overhaul to prevent a repeat of the financial ...
(Published: Thu, 11 Mar 2010 01:47:07 GMT)BBB: Online Payday Lending Sites Charge Higher Rates (WCMH Columbus)
The Better Business Bureau is warning customers about online payday lending sites.
(Published: Thu, 11 Mar 2010 17:37:27 GMT)
