Payday News, week of March 25, 2016

March 24, 2016 Tampa Bay Times Florida’s payday lender law is no model, report concludes Florida regulations of payday lenders defended by Reps. Debbie Wasserman Schultz,Patrick Murphy and others have cost poor Floridians more than $2.5 billion in fees over the last decade, according to a new study. For more coverage: MarketPlace | Are payday loans hurting minorities? Reprints: Nashville …

Arizona Payday Lenders Caught Fraudulently Getting Petition Signatures

As reported in The Arizona Republic: Heavy lobbying …And it follows on the heels of an aggressive campaign to open up Arizona to flexible-credit loans. Backers of the quick-loan industry, many of whom offer payday loans in other states, hired Axiom, a lobbying and consulting firm with ties to Ducey, to shepherd the bill through the Legislature. Industry representatives have …

Payday News, week of March 18, 2016

Highlights: March 18, 2016 US News (Gynnie Robnett and Gabriel Hopkins) The Death Trap of Debt-Trap Lending Race car driver Scott Tucker is facing consequences for his payday loan scam, but too many debt-trap lenders aren’t. March 15, 2016 Eurweb Consumer Protection and Choice Act: Friend or Foe? Americans for Financial Reform, a nonprofit consumer advocacy organization determined that since …

Payday News, week of March 11, 2016

March 9, 2016 Lubbock Avalanche-Journal Catholic Church battling predatory lending The Catholic Church is horrified at the financial traps some of its parishioners have fallen into through payday and auto title loans. More coverage: Fox 34| Community leaders want Congress to regulate payday and title loans March 11, 2016 Al.com Payday lending reform ambushed in Alabama Senate Alabama Senate Pro …

Payday News, week of March 4, 2016

March 1, 2016 Huffington Post DNC Chair Joins GOP Attack On Elizabeth Warren’s Agency Wasserman Schultz is co-sponsoring a new bill that would gut the CFPB’s forthcoming payday loan regulations. For more coverage: Palm Beach Post | Cerabino: Lawmakers should try fund-raising by payday loan terms The Detroit News | O’Connor: Payday loan act is a payday for somebody Huffington …