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 …

Payday News Stories, Weeks of November 7 and 14, 2015

October 29 Ballard Spahr LLP Commerce Clause Does Not Prevent Minnesota from Regulating Internet Loans Made to State Residents, Minnesota Supreme Court Rules The Minnesota Supreme Court recently ruled that the U.S. Constitution does not prevent the state from upholding its payday lending law in cases where online loans completed in Delaware were made to Minnesotan residents. October 31 Springfield …

Payday News Stories, Week of October 31, 2015

October 29 Washington Post Online Should the post office also be a bank? The article discusses the potential for the U.S. Postal Service to provide banking services and to serve as an alternative to payday lenders in offering short-term loans to consumers in need. Support for the recommendation is growing, as advocates call for safer and more sustainable options for …

Payday News Stories, Week of October 24, 2015

Oct 24 The Gadsden Times Editorial The numbers are astonishing. In the first 10 weeks that payday lenders had to record their transactions on a statewide database, Alabamians took out 462,209 payday loans. Based on those numbers, Alabamians are on course to take out just over 2.4 million payday loans on an annual basis. October 10 Greenville News Online Column: …