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 …
Baylor University Students: We Need To Close The Payday Lending Pit Of Despair
The Waco, TX, CBS affiliate KWTX reported on the Pit of Despair at Baylor University, focusing their attention on students who take out payday loans to help cover student debt repayment. It was also highlighted as the Waco Tribune-Herald’s photo of the day. Students brought out the Pit of Despair, a visual depiction of the payday lending cycle of debt …
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 …
Texas Catholic Conference: Close the Pit of Despair Caused by Payday Loans
Pictured above: Bishop Placido Rodriguez of the Lubbock Diocese and Father Martin Piña pray for those caught in the payday lending debt trap. [Lubbock, TX] At a forum sponsored by the West Texas Organizing Strategy on March 9th, clergy and community members were appalled to learn that the city of Lubbock has thirty-three payday and auto title lenders catching people …
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 …