Payday News Stories, Week of June 26, 2015

Fight erupts over Kennesaw State University’s study of payday loans By David Allison, Atlanta Business Chronicle June 23, 2015 Montco man charged with racketeering conspiracy in operating payday loan business By Jeff Blumenthal, Philadelphia Business Journal June 22, 2015 Jenkintown man charged in payday lending operation By Linda Finarelli, Montgomery News June 23, 2015 Pennsylvania Man Charged With Racketeering Related …

Payday News Stories, Week of June 19, 2015

Sen. Franken Speaks Out Against Payday Loans In St. Paul CBS Minnesota June 13, 2015 Political Notebook: Trey Gowdy’s Chattanooga speech draws Democrats’ fire Chattanooga Times Free Press June 14, 2015 Auto title lenders snagging unwary borrowers in cycle of debt By Jim Puzzanghera (LA Times), Omaha World-Herald June 15, 2015 Northport City Council approves payday loan limits By Ed …

Payday News Stories, Week of June 12, 2015

Are new consumer protection laws ‘toothless’? By Aimee Gulliver, Stuff.co.nz June 6, 2015 Payday lenders take aim at grubby end of US debt market By Ben McLannahan, Financial Times June 7, 2015 High-interest loans Durango Herald June 7, 2015 Borrower beware: Storefront loans can come with hefty price By Jason Gibbs, Las Cruces Sun-News June 8, 2015 Senators Urge CFPB …

33 Senators Sign on In Support of a Strong Rule on Payday

On June 4, thirty-three U.S. Senators sent a letter (PDF) to CFPB Director Richard Cordray, urging the adoption of strong rules to regulate payday and other “small dollar loans with astronomical interest rates.” Payday, Car title and High Cost Installment Lenders market these loans as one-time quick fix; but in reality they know that most of their loans cannot be …

Payday News Stories, Week of June 5, 2015

Democrat Tanks Bill Strengthening Consumer Loan Regulation By Christopher Hooks, Texas Observer May 30, 2015 Pelham planning to extend moratorium on payday loans, pawn shops, vape stores, others By Martin K. Reed, AL.com June 1, 2015 Are We Seeing The Beginning Of The End For Payday Lenders? By Adam Lee, Global Dispatch June 1, 2015 Real reason behind CFPB’s new …