Tag Archives: Industry
Industry to fight payday loan limits
Salem, Oregon – Consumer activists scored a victory this week when they persuaded the Oregon Legislature to cap interest rates that lenders may charge for short-term payday loans. However, the regulations don’t take effect until July 2007 . . .
View full post on Payday Loan Industry Watch (PLIWatch.org) News
Industry leaders, consumer advocates to meet about payday loans
Wichita, Kansas – Critics of high-interest, short-term loans are seeking tighter restrictions on an industry they say is keeping poor people in a cycle of debt. At least 64 businesses in Wichita offer payday loans, and opponents say that makes it too easy for people to get in over their heads.
View full post on Payday Loan Industry Watch (PLIWatch.org) News
Regulating consumer loans: An unjust assault on payday loan industry
Salem, Oregon – With its two most recent articles (‘High title loan costs unchecked’ and ‘Payday lenders look for ways around cap,’ July 2), The Oregonian continues its one-sided and unjust assault on both providers and users of short-term loans.
View full post on Payday Loan Industry Watch (PLIWatch.org) News
Legislature should look at payday industry
Hattiesburg, Mississippi – Drive down any city street and bet on spotting an establishment that repulses somebody. . . . The latest type of business under that kind of microscope is the storefront operation known most commonly as a payday loan store.
View full post on Payday Loan Industry Watch (PLIWatch.org) News
Senators consider payday loan limits, criticize industry
Washington, D.C. – Supporters of the payday lending industry petitioned members of the Senate on Thursday to block proposed limits on short-term loans to troops, saying the Defense Department is overreacting to the problems of a small number of servicemembers.
View full post on Payday Loan Industry Watch (PLIWatch.org) News
Payday loan industry grows in state
Denver, Colorado – The number of Coloradans borrowing money from sub-prime lenders increased last year, according to data released Monday by the Colorado attorney general’s office.
View full post on Payday Loan Industry Watch (PLIWatch.org) News
‘Dan Rather Reports’ criticizes payday loan industry
Alton, Illinois – Dan Rather’s news program ‘Dan Rather Reports’ this week featured the hour-long program ‘The Best Congress Money Can Buy.’ Appearing on the HDNet network (Rather’s new home), the show contained a lengthy negative segment about the payday loan industry and its lobbying activities.
View full post on Payday Loan Industry Watch (PLIWatch.org) News
FiSCA press release blasts CRL study critical of payday loan industry
Hackensack, New Jersey – The Financial Service Centers of America (FiSCA) today strongly criticized a recent report, titled ‘Financial Quicksand,’ issued by the Center for Responsible Lending (CRL) which attacked the payday loan industry.
View full post on Payday Loan Industry Watch (PLIWatch.org) News
Montana officials push for more ‘payday’ loan regulation: industry protests
Great Falls, Montana – Some of Montana’s poorest consumers fall victim to lending services that charge exorbitant interest rates for payday or title loans and get trapped in debt, says Attorney General Mike McGrath.
View full post on Payday Loan Industry Watch (PLIWatch.org) News