Payday loans should be part of reform plans
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Nearly a decade after a major regulatory overhaul in Florida, payday lenders appear as common on Central Florida street corners as McDonald's.
Payday loan changes caps some loans at 99 percent
SPRINGFIELD - Gov. Pat Quinn signed legislation Monday aimed atreining in high interest rates charged by payday lenders.
Payday loan company sues NM attorney general
Associated Press - June 23, 2010 10:45 AM ET SANTA FE, N.M. (AP) - A Texas-based payday loan company has sued New Mexico Attorney General Gary King, about two weeks before King's complaint...
Law caps payday, car-title loan interest rates
Starting in January the five consumer finance companies in Galesburg offering payday and car-title loans will have to change the way they conduct business. Gov. Pat Quinn signed Illinois House Bill No. 537 on Monday. The legislation will cap interest rates charged by consumer finance companies at 99 percent on loans under $4,000 and 36 percent on loans above that amount.
Payday lenders switching to different loans
TUCSON - The end of payday loans is days away. On June 30 at midnight, they will officially become illegal in the state of Arizona. News 4 called every payday lender in Tucson. We found either their number was disconnected or they told us they were now offering a different type of loan.