Payday lenders skirting rules by offering loans with cars as collateral,...
Business First by Rick Rouan, Staff reporter Date: Tuesday, December 18, 2012, 1:27pm EST A report from Policy Matters Ohio says consumers are being hurt by payday lenders working around short-term...
View ArticlePeople need option of payday loan
Letters Policy The Dispatch welcomes letters to the editor from readers. Typed letters of 200 words or fewer are preferred; all might be edited. Each letter must include name, home address and daytime...
View ArticleJack D’Aurora commentary: Plan needed to curb high-interest loans
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View ArticlePayday lenders skirt law
On Nov. 4, 2008, Ohio voters stripped payday lenders of their permit to fleece working people, said Bill Faith, one of the leaders of a successful referendum to limit interest rates on short-term...
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 ArticleCredit unions, banks grabbing a share of payday loan dollars
Reporting from Washington— Payday loans, for years a fixture in poor, working-class neighborhoods, are increasingly being offered by local banks and employee credit unions — triggering concerns by...
View ArticleBob Dyer: More twisted geography
A recent column about a mangled website triggered a burst of creativity in Rick Schneider, who lives in Charlotte, N.C., but keeps up with the doings in his former town via Ohio.com. Schneider enjoyed...
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 ArticleDon't be tricked into applying for an online payday loan
The envelope looked official enough. "Confidential materials enclosed," it said on the outside. "Unauthorized use strictly prohibited." Evelyn Potter, 81, could feel something the size of a credit card...
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 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 ArticleNew data shows car title loans big business in Va
RICHMOND, Va. (AP) — Virginia car title lenders doled out nearly 128,500 loans worth more than $125 million in 2011, according to data collected by the State Corporation Commission for the first full...
View ArticleBusiness news briefs — Feb. 4
LOCAL BUSINESS Dick’s to relocate Dick’s Sporting Goods didn’t have to go on a long hunt to find a place to relocate in the Chapel Hill retail area. Developer Visconsi Cos. Ltd. in Pepper Pike said it...
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