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You’ve read the fairy tales. You know… the ones where the night in shining armor rescues the damsel in distress. The endings are always happy, but many cynics feel that real life can’t have such an extravagant ending. They believe that once a crisis hits, nothing can go anywhere but downhill. Fortunately, that isn’t the [...]
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The New York Times has a good overview of the various payday loan reform bills currently being considered as well as some of the laws that were passed in the past several years. Here’s an excerpt:
Ohio lawmakers sought last spring to aid borrowers like Ms. Minda by capping annual interest rates for payday lenders at [...]
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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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Bill Will Improve Access to Banks and Alternatives to Payday Loans Hawaii Reporter, HI - 11 hours ago This bill will also encourage banks and credit unions to provide an affordable alternative to predatory payday loans which typically carry exploitative fees … ( )
Go here to see the original:
Bill Will Improve Access to Banks and [...]
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URB sets payday loan limit TheChronicleHerald.ca, Canada - 11 hours ago By CLARE MELLOR Business Reporter Consumers in Nova Scotia aren’t about to see a big change in the price of taking out payday loans . … NS regulator caps fees on payday loans CBC.ca Critics say limits for payday loans offer little benefit Metro Canada [...]
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