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IN Payday LoansNPR News - Tell Me More , February 20, 2008 · Payday loans can be a fast fix for money problems. But interest rates on these loans can go up to 400 percent, making repayment nearly impossible. Financial expert Alvin Hall discusses the loans, and what people ... Read more
Money Coach: Beware of Payday LoansIsland Packet Online - COLUMBIA, S.C. — South Carolina senators agreed Tuesday to limit payday loans to no more than $500 at a time and create a list of borrowers that businesses must check before lending money. The tougher regulations would also double licensing fees ... Read more
Senators agree to new limits on payday loansSalt Lake Tribune - The natural hypothesis was there would be aggressive regulation and less demand for payday loans in Christian states," Peterson said. "We found the opposite was true. Read more
Study: Payday lending prospers in conservative Christian areasWLTX.com - COLUMBIA, S.C. (AP) - The state Senate has agreed to tougher new restrictions on payday loans, but stopped short of banning the industry in South Carolina. The restrictions include a borrower database, loan caps and a ban on multiple loans in a seven ... Read more
Senate Agrees to Payday Lending RestrictionsStatesman Journal - In that race, Merkley has been drawing on his background as a consumer rights advocate, including the push to crackdown on payday loans and his background in affordable housing. Read more
House passes subprime-mortgage billSpokane Journal of Business - Karlson says Axel’s offered payday loans for a time, but didn’t like having to pursue collections. He says he prefers being able to keep a relationship with his customers even if they can’t repay a loan. Read more
Owners here say they expect loans, sales to rise as consumers continue ... Morning News - LITTLE ROCK - For the second time in two months, Arkansas' highest court on Thursday ruled a customer can collect the surety bond from a payday lender accused of violating the state Constitution by charging more than 17 percent a year to borrow money ... Read more
Court Says Customer Can Collect Bonds From Payday LendersCourier-Post - Members of the military use payday loans three times as often as civilians, a Defense Department study found. With a payday loan, you borrow against a future paycheck. Read more
Military families lag in money managementOgden Standard-Examiner - We've seen payday loans as high as 560 percent interest," Leon said. "It has never been easier to get credit," he said, with Blesse calling this generation the 'I Want it Now Generation. Read more
Military Saves Week to educate on financial freedomSalt Lake Tribune - Some people say that payday lending and loan sharking are the same. They're not. ... of loans rescinded by the lender at the request of the customer who returns the loan amount to the lender by 5 p.m. on the ... Read more
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