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Payday Lending News
Rein in payday lenders - editorial
March 12, 2010
By: Milwaukee Daily Sentinel
Legislators should not leave Madison this spring without passing a bill to regulate - finally - the state's growing payday lending industry. Wisconsin is the only state in the nation that allows unfettered payday lending.
Oversight for Thriving Payday Lending Unclear in Financial Reform
March 11, 2010
By: PBS Newshour
Sen. Bob Corker, R-Tenn., is denying that payday lenders will receive an exemption in financial reform legislation being crafted in the Senate, refuting reports that he has been pressing the Senate Banking Committee to "scale back substantially" proposed oversight of the industry. The New York Times...
Senate Talks Said to Advance on Consumer Unit Powers, Oversight
  March 11, 2010 By: Businessweek Senate negotiators closed in on a deal for strengthening consumer financial protections, giving bank regulators a role in rule-making and enforcement, two Democratic Senate aides briefed on the talks said.
A Consumer Bill Gives Exemption on Payday Loans
 March 10, 2010 By: NY Times Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said. The ...
Payday lenders giving advances on unemployment checks
March 9, 2010
By: Baltimore Sun
The payday loan industry has found a new and lucrative source of business: the unemployed. Payday lenders, which typically provide workers with cash advances on their paychecks, are offering the same service to those covered by unemployment insurance.
Column: Payday bill protects consumers
March 4, 2010
By: Wausau Daily Herald - WI
Since Wisconsin's law imposing an 18 percent cap on interest was repealed in 1995, Wisconsin has experienced an explosion in payday lenders. As a result, there are now more payday loan providers in Wisconsin than there are McDonald's or Starbucks. Last October, the Assembly Committee on Financial In...
Better Business Bureau warns: Stay away from online payday lenders
March 3, 2010
By: Walletpop.com
Personal finance can be something like a horror movie. In this case, the slasher is an online payday lending service. For anyone thinking of signing up and taking out a loan, the Better Business Bureau has just released a press release, warning anyone thinking of using an online payday lending servi...
Report: Payday Lending Industry Gave Parties $28K
March 2, 2010
By: NY Times
MADISON, Wis. (AP) -- Payday loan companies donated more than $28,000 to campaign fundraising committees as the state Legislature was considering a bill that would have placed stricter regulations on the industry, according to a report released Monday.
Payday lenders giving advances on unemployment checks
 March 1, 2010 By: Los Angeles Times The payday loan industry has found a new and lucrative source of business: the unemployed. Payday lenders, which typically provide workers with cash advances on their paychecks, are offering the same service to those covered by unemployment insurance.
Proposed payday regulation brings passion, politics
February 26, 2010
By: Denver Times
Kasie Oliver-Mejia said she thought she was doing the right thing when she got her first payday loan more than eight months ago. After getting custody of her grandchildren, Oliver-Mejia said she thought a payday loan would help her get caught up on her debts. Before long though, the loans ended up p... |
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