Jack D’Aurora commentary: Plan needed to curb high-interest loans
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View ArticleOutrageous loan riles up readers
A single paragraph in the middle of a lengthy column in last Sunday’s Beacon Journal jumped out at plenty of readers. The column focused on Connie Moore, a low-income Akron woman who was forced to...
View ArticleEditorial: A phony payday loan reform bill. Because 1,950 percent is not enough
When a payday lending “reform” bill sails through the Missouri Senate and the payday lending industry doesn’t scream bloody murder, you can be sure of two things: One, it’s not really a reform. And...
View ArticleThe trap of payday loans can lead to triple-digit interest rates
If I said, “Don’t rob Peter to pay Paul,” you would probably understand that I was warning against making a desperate move to fix a financial problem that often makes a bad situation worse. Yet...
View ArticleBetty Lin-Fisher: Kindness of strangers helps woman with auto-title loan
Thanks to the kindness of strangers, Jamela Lott can keep her car, along with a little extra money, maybe to get into her own apartment. Lott was the woman featured in Sunday’s Taking Action column. I...
View ArticleFeds tally rollovers of payday loans
Wednesday March 26, 2014 1:46 AM Comments: 0 WASHINGTON — About half of all payday loans are made to people who extend the loans so many times that they end up paying more in fees than the original...
View ArticleBrown’s Senate panel targets auto-title, installment loans
Wednesday March 26, 2014 11:47 PM Comments: 0 WASHINGTON — Nearly six years after Ohio lawmakers passed a bill to crack down on payday lenders, the industry has turned to auto-title and installment...
View ArticleThe Color of Money | More regulation of payday loans needed
Connect With Us Facebook Twitter E-Newsletters RSS Feeds Mobile Text Alerts My Yahoo! The Bottom Line Online job ads rise in February in central Ohio, report shows Other Business Features Abercrombie...
View ArticleAkron woman works through financial situation involving lender
Three weeks ago, Jamela Lott was homeless. But today, Lott and her three young sons are living in a rented house in West Akron, thanks to the kindness of strangers because of Lott’s problems with an...
View ArticleBetty Lin-Fisher: Auto-title loans can be detrimental to consumers
Jamela Lott admits that in hindsight, she made a bad decision in a time of stress. A 13-year-old car was her one asset — but now it is in jeopardy of being lost. In August, the single mother of five...
View ArticleLawmaker seeks end to payday-loan loopholes
A Democratic state lawmaker plans to introduce legislation to end a loophole for payday-loan lenders after the Ohio Supreme Court ruled in favor of the lenders earlier this week. A 2008 law restricted...
View ArticleLoan Scam Warning
The Better Business Bureau (BBB) serving Nebraska, South Dakota, The Kansas Plains and Southwest Iowa is warning consumers of a scam where phony lenders are making false promises to borrowers seeking...
View ArticleBetty Lin-Fisher: Cuyahoga Falls council’s pending action could snowball,...
Cuyahoga Falls City Council is studying a resolution asking state leaders for stronger regulation of auto title lenders. If it is approved, Jeff Wilhite, executive director of Family Promise of Summit...
View ArticleFollowing Ohio Supreme Court Ruling on Payday Loans, Brown Calls for New...
(Source: Sherrod Brown) Monday, June 16, 2014 WASHINGTON, D.C. - Following last week's ruling by the Ohio Supreme Court that undermined laws to protect Ohio consumers from predatory loans, U.S. Sen....
View ArticleNeed emergency cash? Cuyahoga Falls group considering an alternative to...
CUYAHOGA FALLS: Frustrated with fast-cash lenders who charge exorbitant interest on small loans to people in desperate need, Ed Davidian threw his picket sign into his car and paid a visit to several...
View ArticleJesus Drove Usurers From The Temple. We Allow 500-percent Interest Payday...
First, let's start with the good (if you can really call it that) news: A trail of money that began with triple-digit loans to troubled New Yorkers and wound through companies owned by a former...
View ArticleOhio justices say payday loans legal despite 2008 law
COLUMBUS: In a victory for payday lenders, the Ohio Supreme Court ruled Wednesday that a two-week loan to an Elyria man that imposed more than 235 percent interest is not prohibited under Ohio’s...
View ArticleOhio justices: Payday loans legal despite 2008 law
COLUMBUS, Ohio — In a victory for payday lenders, the Ohio Supreme Court ruled Wednesday that a two-week loan to an Elyria man that imposed more than 235-percent interest is not prohibited under Ohio's...
View ArticleTexas firm favored in pawn-loan provision added to Ohio budget
As Cash America shifts away from payday lending and back toward its pawnbroker roots, the company wants Ohio to let it charge higher interest rates for making pawn loans. After failing to get...
View ArticleNew Proposals To Rein In Payday Loans Show Why Unscrupulous Corporations Want...
I've got two quotations I'd like you to consider, one from someone you know, and one from someone you probably don't. The first is from Ronald Reagan: The nine most terrifying words in the English...
View ArticleA chance to rein in payday loan abuse
The Consumer Financial Protection Bureau has finally turned its regulatory gaze to short-term lenders — think payday loan and automobile title loan companies — that build businesses around loans that...
View ArticleLoophole hurts payday loan borrowers in Ohio
Thousands of financially vulnerable Ohioans take out high-cost, predatory loans each year. These loans have interest rates so high that borrowers may never be able to pay them back, trapping many...
View ArticleCalifornia enlists Google and Microsoft in war on unlicensed payday lenders
California officials are getting help from Microsoft Corp. and Google Inc. to hold back a flood of Internet ads by unlicensed payday lenders — companies that often charge excessive fees to borrowers...
View ArticleEDITORIAL: Pennsylvania should resist the lure of payday loans
Express-Times File Photo Like a bad penny, the effort to bring back high-cost, short-term payday loans is making another appearance in the Pennsylvania Senate. The House of Representatives gave its...
View ArticlePayday Lenders Are Using The Internet To Evade State Law>
Borrowing from any payday lender can be a risky endeavor. Borrowing from one online can be downright perilous. The pitfalls of borrowing from storefront payday lenders -- companies that offer...
View ArticleWhat This Means for You
By Jocelyn Baird, NextAdvisor.com It's no secret that the payday loan industry is rife with predatory payday lenders. Even lenders that aren't inherently predatory still often use practices which leave...
View ArticleBofA to use NY state database to flag illegal payday loans
NEW YORK (Reuters) - Bank of America Corp has become the first big bank to agree to use a New York regulator's database to ensure it does not process illegal payments from payday lenders to state...
View ArticleThere’s holes in them thar properties
My recent mention of an abandoned coal mine lurking under Chapel Hill Mall widened the eyes of Steve Porpora, who knows more about old Ohio coal mines than anyone who has ever emailed me about them....
View ArticleSolving the problems of payday loans
A new study from the Consumer Financial Protection Bureau and a related field hearing in Nashville have put payday lending in the national spotlight, demonstrating most loans are made to borrowers who...
View ArticleNew York State Makes New Efforts to Combat Payday Lenders
Curbing abusive payday lending practices can sometimes resemble a game of Whac-A-Mole: every time regulators manage to push down one method the industry uses, another new method seems to crop up....
View ArticleFederal antifraud initiative goes too far, banks say
The goal of the Justice Department's Operation Choke Point was logical enough: Instead of the Whac-A-Mole approach to shutting down companies scamming consumers online, go after the financial...
View ArticlePayday lenders can continue with short-term loans despite 2008 law, Ohio...
Janet Adams Cashland and other payday lenders can continue making short-term loans in Ohio, the Supreme Court has ruled. Staff reporter- Columbus Business First | | | The state’s payday lenders earned...
View ArticleJohn Oliver & Sarah Silverman Slam Payday Loan 'Motherf***ers' On 'Last Week...
On the latest edition of "Last Week Tonight," John Oliver continued his mission of educating viewers on a little-understood topic that has enormous impact on our culture. Previous episodes have seen...
View ArticleSame Day Payday Loans: Direct Lender Institution Offers Quick Approval With...
SameDayLender24.com offers same day payday loans direct lender approval with a quick internet-based process for homeowners that had upside down mortgages CHICAGO, Nov. 13, 2013 /PRNewswire-iReach/ --...
View ArticleOhio justices: Payday loans unaffected by 2008 law
AP Statehouse Correspondent COLUMBUS, Ohio — In a victory for payday lenders, the Ohio Supreme Court has ruled that a two-week...
View ArticleGoogle Announces Removal Of All Payday Loan Ads
The payday loan industry has been banned from placing ads on Google. The search engine juggernaut announced that any advertisements related to the business are being removed. Quoting its “keep bad ads...
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