Important payday loan Information

BBB: Online Payday Lending Sites Charge Higher Rates (WCMH Columbus)

The Better Business Bureau is warning customers about online payday lending sites.

Corker shaping payday loan rules in financial reform package (Chattanooga Times Free Press)

U.S. Sen. Bob Corker, R-Tenn.., said Wednesday he believes Senate negotiators are close to a bipartisan agreement over a new set of financial industry regulations.

Payday lenders may avoid U.S. oversight (Los Angeles Times)

Consumer advocates hoped the lenders would be reined in by a new federal consumer financial protection agency, but a bipartisan proposal would largely exempt them from regulation. Payday lenders didn't cause the economic crisis, but consumer advocates hoped their sky-high interest rates on loans would be reined in as part of a sweeping regulatory overhaul to prevent a repeat of the financial ...

Corker Donor Could Benefit From Payday-Loan Exemption (Update1) (BusinessWeek)

Senate proposals to place a consumer financial agency under existing banking regulators could exempt payday loan companies from the new rules.

Keith Epstein: Update: Payday Lobby Turns to the Senate (The Huffington Post)

Fresh signs surfaced today of the influential payday loan industry's muscle in Washington, where lenders' attempts to stay out of the reach of federal regulators...

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

Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said.

Payday Loan Blamed For Ruining Man's Finances (TMJ4 Milwaukee)

Wisconsin is the only state in the country that doesn’t regulate the practices of payday loan companies. There’s a movement to change that.

Citizens speak out in support and against Payday Loan Stores (FOX 6 Milwaukee)

For people living check to check Payday Loan Stores are either a quick cash godsend or a money trap. The Social Development Commission is holding hearings on people's good and bad Payday Loan experiences. FOX6 Reporter Bob Moore takes you to that public hearing.

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.

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.

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