Payday Loan News and Information
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From the category archives:
Sen. Daniel K. Akaka, D-Hawai‘i, introduced legislation recently to improve access to banks and alternatives to payday loans.
The bill is cosponsored by Sens. Charles E. Schumer, D-New York; Joseph Lieberman, ID-Conn.; and Daniel K. Inouye, D-Hawaii.
This bill will also encourage banks and credit unions to provide an affordable alternative to predatory payday loans which typically [...]
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And then we’ll take a break.
There was lots of local news coverage this week about the payday loan legislation in Ohio. Here’s a sampling. This one is from the Columbus Dispatch.
But those fighting to protect the new payday lending law say this is not a traditional referendum. Instead of asking voters [...]
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A group opposed to the payday reform legislation in Ohio has just posted a new commercial. Quite interesting.
You can view the commercial here.
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The CFSA (an industry association for payday lenders) has released a new research report that discusses what would happen if payday advances were eliminated. The report argues that families could be worse off without access to payday loans. A review of the report (and a link to the actual report) can be found at PaydayPundit’s [...]
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This article by the Business and Media Institute, ‘CBS Evening News’ ignores borrower responsibility in hit piece on short-term lenders , critiques “Evening News” correspondent Armen Keteyian’s July 28th hit piece and points out that nearly 20 million American households utilize payday lending services to make an emergency car repair, cover a variety of other [...]
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