Payday loan sales come under fire (BBC News)
Payday loan sales come under fire (BBC News)
Online payday loan companies are using increasingly aggressive marketing tools, according to debt advisors.
Lenders Find Loopholes Around Virginia Law Limiting Payday Loans (Fox News)
Payday loans are going to be harder to get come Jan. 1, at least that’s what Virginia lawmakers hope.
Laws Debut Today on DNA Samples in Md., Payday Loans in Va. (Washington Post)
The new year brings a batch of new laws and regulations to the Washington region, including controversial police powers to collect DNA samples in Maryland, a crackdown on paycheck lending in Virginia and a measure protecting domestic workers in Montgomery County.
Clampdown on payday loans starts Thursday (Richmond Times-Dispatch)
A clampdown on high-cost instant loans takes effect Thursday, but lenders already are finding ways around itand legislators are steamed. Despite new restrictions by the 2008 General Assembly, some payday lenders have recently won approval from Virginias business watchdog agency, the State Corporation Commission, to offer loans with potentially unlimited fees.
Payday lending reforms take effect in Virginia (The Washington Times)
Some of the nation’s most sweeping reforms on payday lenders took effect in Virginia on Thursday, but some short-term, high-interest lenders are getting around the new law by offering different types of loans.
New Va. payday lending law takes effect Jan. 1 (Rocky Mount Telegram)
Legislators ended three years of debate over the industry last winter when they passed a law that limited borrowers to one payday loan at a time and extended the length of time they have to repay it, effectively limiting how many loans they can get each year.
Payday loan cap among NH’s new laws (The Nashua Telegraph)
CONCORD — New Hampshire is giving payday lenders the gong as it rings in the New Year. A law that takes effect Thursday caps the interest rate on small loans at 36 percent a year, which the industry has said will put it out of business. … - By NORMA LOVE The Associated Press
Payday loans gain popularity (The Monterey County Herald)
CLEVELAND, Tenn. With its quaint downtown and tree-lined streets, this little city in the foothills of the Great Smoky Mountains seems an unlikely epicenter for a $50 billion-a-year financial industry. But this is where W.
Payday lenders now under tighter restrictions (Richmond Times-Dispatch)
Starting January 1, 2009 those seeking payday loans will be restricted to just one at a time and theyll have longer to pay it off.
Payday lenders elude reforms (Richmond Times-Dispatch)
A clampdown on high-cost instant loans takes effect today, but lenders already are finding ways around itand legislators are steamed. Despite new restrictions by the 2008 General Assembly, some payday lenders have recently won approval from Virginias business watchdog agency, the State Corporation Commission, to offer loans with potentially unlimited fees.