Lawmaker 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 ArticleTestimony: Enforce payday-lender laws and let communities protect residents...
(Source: Policy Matters Ohio) Kalitha Williams testifies in support of a resolution before Cuyahoga Falls City Council that urges state policymakers to enforce payday lending laws and to repeal...
View ArticlePayday Lenders Have A Disturbing Way Of Bouncing Back After States Crack Down
In 2008, payday lenders suffered a major defeat when the Ohio legislature banned high-cost loans. That same year, they lost again when they dumped into an effort to roll back the law: The public voted...
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 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 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 ArticleFeds to consider stricter payday-loan rules
WASHINGTON — The federal government will consider new rules aimed at curbing payday-lending abuses by insisting that those making the short-term but high-interest loans first determine whether people...
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...
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