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 to weigh in on a proposed ordinance that would regulate payday lenders in several Texas cities.

December 12
Hindley: The Public Option for Payday Lending
This article suggest Rhode Island should develop a public option for small, short term loans.

December 8
EDITORIAL: Robust discussion needed on payday lending
Discusses a public meeting being held on the subject of payday lending in Waco, TX.

December 11
Arizona auto title loans offer quick holiday cash but mounting debt could be side effect
Cronkite News story about title lending in Arizona.

December 11
New York Times
Automatic Payments Can Be Easy to Start, but Hard to Stop
Blog post restates CFPB notice to industry, quotes Lauren Saunders from the National Consumer Law Center.

December 9
Lawmakers protect title loan firms while borrowers pay sky-high interest rates
Article discusses how lawmakers defend title loan firms despite the effect on consumers.

December 1
Federal grant offers alternative to payday loans in Greene, Christian counties
The CU Community Credit Union rolled out their Fresh Start Loan Program, which aims to be a more affordable alternative to traditional payday loans.

December 8
Winston-Salem Chronicle
Don’t Let Small Dollar Loans Ruin Your Holidays
Charlene Crowell from the Center for Responsible Lending discusses the problems with payday loans with an eye towards the holidays.

December 7
Kileen Daily Herald
Regulation of payday lenders a good idea
In the article, the author calls for stricter regulations to be placed on the payday lending industry in Texas.

December 4
Fort Wayne Journal-Gazette
Agency takes on payday lenders
The local nonprofit Brightpoint on Thursday announced plans to establish a consumer loan program with an $826,000 grant from JPMorgan Chase & Co.

December 3
Temple Daily Telegraph
Payday lenders may receive regulations from the city
The Temple City Council moved closer to adopting an ordinance that would regulate credit access businesses or “payday lenders” after multiple items were passed in a first reading Thursday.

December 2
What It Really Costs to Use Payday Loans for Holiday Shopping
This article discusses the risks of taking out a payday loan to cover holiday expenses.

November 30
Washington Times
Close the debt trap
The author discusses the problem with payday lending and the work being done by RAISE Florida to promote awareness, education, resources, and advocacy on the issue.