Two local legislators are joining their colleagues from across the state in urging Iowans to avoid payday loan businesses. With the economy continuing to suffer and the holidays less than a month away, the temptation is high to take advantage from a ...
Read more...
Several state lawmakers today urged Iowans to steer clear of payday loans, which are cash advances with annual interest rates as high as 400 percent. Rep. Janet Petersen and Sen. Jack Hatch, both Democrats from Des Moines, said they want reform of ...
Read more...
Reform of the practice, which derives its name from the need to live paycheck to paycheck, is on some Missouri legislators' to-do list again. And lines in the sand are already being drawn. Liberals argue passionately that society should create ...
Read more...
COLUMBUS, Ohio — A new state law is putting the brakes on payday lenders, but now banks are getting into the emergency loan business, 10TV's Cara Connelly reported on Friday. Like many others, the home construction business has been hit hard by the ...
Read more...
For the first time since payday lenders began making loans to Colorado residents, the amount of money residents borrowed remained virtually unchanged, according to a report crediting a new state law with at least some of the change. Colorado's ...
Read more...
Rep.-elect Mary Still wants to cap the interest rate payday loan companies can charge in Missouri. She planned to prefile a bill today that would allow payday loan agencies to charge $15 per $100 for the first month - the amount normally charged now ...
Read more...
Opponents of payday lending are hopeful the election of Democrat Jay Nixon to the governor's seat will bolster their attempts to join other states in implementing interest-rate caps. During elections earlier this month, voters in Arizona and Ohio ...
Read more...