Payday lenders cost state’s poor $68 million a year, coalition says
Little Rock, Arkansas – Loopholes in the state’s payday lending law cost low-income Arkansans more than $68 million annually, according to a report released by an anti-payday lending coalition [...] Continue Reading…
Payday loan survey raises questions: What does ‘middle-income’ mean?
Tucson, Arizona – Arizonans with payday loans tend to be younger than the state’s average resident, “middle-income” and educated, according to a survey by the payday-loan industry. But a [...] Continue Reading…
Payday loans gaining popularity
Wilmington, Delaware – A few weeks ago, Larry Woody needed $200 fast and turned to an increasingly popular source: a payday lender. He wrote a check for $234 — [...] Continue Reading…
Advance America to stop operations in Arkansas
Little Rock, Arkansas – Advance America of Spartanburg, S.C., said in a Securities and Exchange Commission filing last week that it will cease pay lending operations in Arkansas.
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Nation’s largest payday lender looks at possibly pulling out of Arkansas
Little Rock, Arkansas – The nation’s largest payday lending company is considering possibly shuttering its 30 stores in Arkansas, a move that a leading critic of the industry said [...] Continue Reading…
S.C. must rein in payday lenders before they run over state’s consumers
Columbia, South Carolina – South Carolina is in danger of being overrun by payday lenders seeking to squeeze vulnerable consumers, many of whom are already in financial jams, for [...] Continue Reading…
Loans that come easy can go bad fast
Portland, Oregon – South Carolina is in danger of being overrun by payday lenders seeking to squeeze vulnerable consumers, many of whom are already in financial jams, for every [...] Continue Reading…
My Payday Loan survey shows customers are happy about payday loans
United Kingdom – My Payday Loan – part of MEM Consumer Finance Ltd – held its first customer survey with one hundred customers being asked for their comments on [...] Continue Reading…
Payday loan company makes travel donations to group chaired by Richardson
Albuquerque, New Mexico – The nation’s largest payday loan company has been providing thousands of dollars to the Democratic Governors Association chaired by Gov. Bill Richardson.
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New rules seek to reform small loans
Aurora, Illinois – The recent allegations against the Payday Loan Store of Illinois Inc. are merely the latest step in an effort by the state to reform short-term lending [...] Continue Reading…