Democrat Representative Luis Gutierrez says that while his bill does have some crucial protections for borrowers it will be the best deal he can manage in the face of the industry’s aggressive lobbying. (Read on …)
According to a report by the Center for Responsible Lending, payday lenders are approximately eight times more concentrated in California’s Latino and African-American neighborhoods. (Read on …)
The Idaho State Senate has approved new legislation which requires any payday loan company doing business in Idaho to be licensed to do business in the state of Idaho. (Read on …)
Republican Sharon Nelson is attempting to bridge the gap between stricter payday lending standards and a bill that will pass the Senate Committee. (Read on …)
Just as legislation for payday lending has been tightening the industry’s guidelines some lenders are still offering payday loans for unemployed borrowers and others with no credit checks. (Read on …)
South Carolina legislators gave overwhelming key approval to a bill aimed at preventing residents from being trapped in a cycle of debt through payday lending. (Read on …)
The general consensus among consumer advocates is that payday loans need stricter regulation. (Read on …)
As stricter regulation keeps being released, payday lenders have been investing more in their pawn operations. (Read on …)
As the economy gets worse payday loans, which are use by working-class people, are increasingly being sought by middle-income families. (Read on …)
The Virginia Senate unanimously passed a bill Friday that that would fix a loop hole that was opened to payday lenders starting January 1st. (Read on …)