Payday News, week of February 5, 2016

Febraury 4, 2016 Daily Kos These 10 House Democrats Just Voted to Make It Tougher to Investigate & Prosecute Bank Fraud H.R. 766 would curtail federal scrutiny of bank transactions with payment processors, payday lenders, and other companies that are at high risk of engaging in money-laundering, financial fraud, or terrorist financing. February 3, 2016 Waco Tribune Payday lending limits …

Payday News, week of January 29, 2016

January 28, 2016 ChristianToday Iowa: Catholics and evangelicals unite to put payday loans on agenda Evangelicals and Catholics have united in an effort to put payday lending on the agenda ahead of the Iowa caucus, according to the Catholic News Service. For more coverage: CatholicPhilly.com|Iowa caucuses, lawmakers getting payday lending issue on their radar January 29, 2016 Public News Service …

UNITE HERE: 32 Community Organizations Call on Lone Star Funds to Stop Predatory Payday Lending

DALLAS–(BUSINESS WIRE)–UNITE HERE announced that 32 consumer advocacy and fair lending organizations are calling on Lone Star Funds to end predatory payday lending. The organizations published an open letter calling for fair lending practices at Lone Star Funds’ DFC Global, a major payday lender. “Today, we’re calling on Lone Star Funds to stop trapping borrowers in a cycle of debt.” …

Payday News, week of January 15, 2016

February 2016 Sojourners How to Practice Safe Banking Advertised as “EZ Cash” and “24-7 Finance,” the perils of payday loans, with exorbitant interest rates upward of 300 percent, trap households in long-term debt. January 15, 2016 The Digital Universe Orem lawmaker continues proposals to reign in payday lenders An Orem lawmaker continues to push measures that regulate payday lending firms …

Payday News, December 11-22

December 21 CBS Dallas-Forth Worth New Ordinance In Mequite For Payday Lending Companies Mesquite joins 29 other Texas cities to pass ordinances regulating payday and title loans. For more coverage: NBC Dallas-Forth Worth | Mesquite Approves New Policies for Payday Lenders December 21 Connecticut Post Connecticut probes Oklahoma tribe’s payday loan businesses The state Department of Banking is investigating small …

Payday News, to December 12

December 8 Waco Tribune Payday lending limits win public support, head to Waco council A draft ordinance to regulate payday and auto title lenders is headed for the Waco City Council next month after it won strong support at a public meeting Tuesday. December 7 Waco Tribune Waco wants public input on ‘predatory’ payday lending law The public is invited …

Payday News Stories, Week Ending December 3rd, 2015

November 30 Business First Ohio payday lender cuts jobs, blames new regulations The payday lending business Community Choice Financial Inc. claims to be letting go of employees due to impending restrictions on the industry. November 20 The Nation Payday Lenders Keep Evading Their Regulators. Can Anyone Stop Them? The article highlights how loopholes in payday lending regulations allow lenders to …

Payday News Stories, Week of November 20, 2015

November 18 Portsmouth Daily Times Brown comes out against predatory loans Ohio Senator Sherrod Brown comes out against predatory payday and car title lenders. For more coverage: November 18 | Cleveland.com | With more payday lenders than McDonald’s, a crackdown is needed now, U.S. Sen. Sherrod Brown says November 18 The Dallas Weekly Ohioans Lose over $500 million to Payday …