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Payday Lending News
AG office: Loan fees refundable
September 1, 2010
By: Chieftain.com - CO
DENVER — Payday lenders will be required to give pro-rated refunds to customers who pay off their loans early. Under enforcement rules adopted Tuesday by the Colorado Attorney General’s office, payday lenders cannot keep origination fees for their loans
Furor Erupts Over Colorado Payday-Lending Regulations
August 31, 2010
By: StateBillNews.com
A controversy over payday-lending regulations has escalated after the two Democratic lawmakers behind the industry overhaul said the Republican attorney general’s staff has favored lenders when it comes to fees, The Denver Post reports
Critic targets payday lenders
August 24, 2010
By: Wyoming Tribune Eagle
CHEYENNE -- Since 2000, the amount of money loaned by payday lending businesses in Wyoming has more than tripled. According to a press release from the Wyoming Children's Action Alliance and Kids Count, citing figures from the Wyoming Department of Audit, the amount loaned was about $26 million in 2...
AFL Takes On Foreclosures and Payday Lending
August 20, 2010
By: The Nation
By all accounts, the Obama Administration’s anti-foreclosure plan is failing. The Home Affordable Modification Program (HAMP) was supposed to help three to four million homeowners by 2012, but only 389,000 have received permanent mortgage modifications.
Arkansas AG Sues Payday Loan Marketers
August 19, 2010
By: Collections and Credit Risk
Arkansas Attorney General Dustin McDaniel sued a pair of companies and their owner last week for allegedly marketing illegal payday loans online to consumers in the state. The suit names Arrowhead Investments Inc., Galaxy Marketing Inc. and Christopher Hodes.
Update: Suthers responds to opponent's payday lending allegations
August 17, 2010
By: The Independent - CO
A spokesman for Attorney General John Suthers denies that Suthers favored the payday lending industry in rewriting the rules while accepting campaign contributions from the industry.The allegation came Monday from Democrat Stan Garnett, who's trying to unseat Republican Suthers. Garnett challenged S...
Jackson County likely to ask state to crack down on payday lenders
August 16, 2010
By: Gulf Live.com
County supervisors today will likely adopt a resolution asking the Legislature to crack down on high-interest payday lenders. District 2 Supervisor Melton Harris Jr. introduced a draft resolution at the Aug. 9 Board of Supervisors meeting, and the board attorney was instructed to bring a final resol...
AG sues online payday lender
August 11, 2010
By: Arkansas News
LITTLE ROCK — Attorney General Dustin McDaniel sued a pair of companies and their owner today for allegedly marketing illegal payday loans online to customers in Arkansas. The suit names Arrowhead Investments Inc., Galaxy Marketing Inc. and Christopher Hodes
Borrowers without alternatives fall prey to predatory lenders
  July 30, 2010 By: Borderzine EL PASO, Texas — Payday lending seems to be the only recourse for many people with no credit or damaged credit needing financial assistance in this rough economy. Many people find it hard to pay all their bills when their work hours are cut and they find themselves without cash. They have to turn to...
Direct-deposit Social Security benefits need protection from payday lenders
July 29, 2010
By: Washington Post
Over the years, I've met too many people who were stuck in a hellish payday-loan cycle, rolling one loan into another until the fees and the outstanding balance crushed them. |
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