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Tag Archive | "payday loan industry"

Necessary Tools For Choosing A Good Payday Loan Lender

You have probably seen the commercials for payday loans, also called cash advance loans. They are all over the TV these days and you most likely haven’t given them a second thought until now. Your car needs work and you don’t get paid for a few more days, but you can’t get to work unless [...] [...more]

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Cash Advance Lenders Cozy up to Politicians

You’ve probably heard of the health care lobby, the firearms lobby and the tobacco lobby but did you know that the payday loan industry has a lobby, too? Of course they do. In an article on Myrtle Beach Online, Aaron Gould Sheinin details how politicians, especially Democrats, are getting “plied with contributions”. In fact, it [...] [...more]

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Payday loan rate caps considered in New Hampshire

They’ve got some interesting legislation under consideration in New Hampshire which would cap interest on payday and title loans at an annual rate of 36 percent. That’s an interest rate that is comparable to some major credit cards for people with marginal credit. Surely the payday loan industry is quaking in their boots at the [...] [...more]

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Limits on payday loans will hurt some consumers

Limits on payday loans will hurt some consumersSpringfield News-Leader - Attorney General Jay Nixon [has] called for reform to Missouri’s payday loan industry, arguing that lenders engage in predatory practices targeted at uninformed consumers. Nixon proposes legislation to cap payday loan rates at 36 percent, and [...more]

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Podcast review of RapidMONEYLoan

Independent Review of RapidMONEYLoan This podcast is a review of RapidMONEYLoan’s payday loan Web site, including a general overview, practices (good and questionable), and a summary. This podcast is presented by industry-independent Payday Loan Industry Watch (PLIWatch.org). [...more]

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Payday loan industry reforms in St. Louis

This Hour: Latest Missouri news: Kait 8 - Nixon, others call for payday loan industry reforms ST. LOUIS (AP) - Attorney General Jay Nixon and St. Louis leaders are calling for reforms of the payday loan industry in Missouri. They say the industry is making profits by exploiting Missouri’s most [...more]

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