Important payday loan lenders Information

Bill slashing payday-loan interest clears panel (Denver Post)

A House committee Monday night approved a bill that would significantly slash interest rates on payday loans, cutting out part of the bill that would have put the issue before Colorado voters.

A Consumer Bill Gives Exemption on Payday Loans (New York Times)

Senator Bob Corker wants a proposed bank agency to be more lenient toward nonbank companies, but some advocates say that would hurt consumers.

Payday lenders: loan sharks or endangered species? (FOX 31 Denver)

DENVER - A controversial proposal to cap the interest rates that can be applied to short-term or "payday" loans is still alive after a five-hour hearing at the State Capitol.

Bill targets payday lending loophole (Finance and Commerce)

Ron Elwood knows what it’s like to tilt at windmills. And for the third straight year, Elwood, an attorney for the Legal Services Advocacy Project in St. Paul, is tilting at a very large, well-funded windmill known as the payday loan industry.

Payday lenders giving advances on unemployment checks (Baltimore Sun)

Critics say high fees send the jobless into a cycle of debt The payday loan industry has found a new and lucrative source of business: the unemployed.

BBB warns: Online payday lenders claim laws don't apply to them (Midland Reporter-Telegram)

Better Business Bureau is warning cash-strapped families to beware of some online payday lenders that claim they are not beholden to state or federal laws regarding licensing requirements, debt collection practices or caps on interest rates.

Regulation of nonbank lenders urged (St. Louis Post-Dispatch)

WASHINGTON — While much of the congressional debate over consumer financial protection has focused on banks, lawmakers have been grappling behind the scenes over whether and how to regulate payday lenders, debt collectors, check-cashing outlets, title and installment lenders and even pawnbrokers.

Online lenders draw complaints (Killeen Daily Herald)

Consumers report unscrupulous online payday lenders charging unlawful interest rates of more than 300 percent. Handing over your bank account information to an online payday lender without doing your homework could leave you paying hundreds and even thousands of dollars more than you bargained for.

Payday loan bill heads to committee (The Durango Herald)

A bill that would let voters cap the interest rates payday lenders are allowed to charge customers heads Monday to the state's House Judiciary Committee.

EPIC Loan Systems Launches New Lead Management Platform for Payday Loan Lenders (PRWeb via Yahoo! News)

Payday loan lenders at the CFSA 2010 Annual Conference will get the first glimpse of this state-of-the-art lead management platform.

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