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Kentucky Payday Loans... bill to set the same 36 percent annual interest rate cap for civilian payday borrowers that Congress adopted in 2007 for payday loans to military personnel. A similar proposal last session failed. The payday loan ... hard up for cash in the ... Read more
Payday rate cap - Courier-JournalA coalition of religious and advocacy groups called Monday on the 2010 General Assembly to sharply reduce the interest rates Kentucky's payday lenders may charge people for the high-cost, short-term loans. “This kind of lending is a sinful ... Read more
Groups target payday loan rates - Courier-JournalThey were defined as underbanked if they had an account but relied on non-bank money orders, check-cashing services, payday loans, rent-to-own agreements ... Virginia - two of which are contiguous, Kentucky and Ohio." The survey found that 35.6 ... Read more
Many do without banking - Charleston GazetteMortgage brokers, payday lenders and other companies offering high-risk loans faced little regulation in the run-up to the mortgage and financial crises. Legislation to create a consumer financial protection agency is working its way through Congress ... Read more
Bailout watchdog: Crisis response worked, somewhat - Lexington Herald-LeaderDone at the City of Washington, this Third day of October ... real life, according to their paper: Georgia banned payday loans in May 2004 while North Carolina banned them in December 2005. These two events provide the authors with an opportunity to ... Read more
November 2009 Archives - The AtlanticThe states with the highest percentage of unbanked households, besides Georgia, were Mississippi and Kentucky at 16.4 ... use alternative financial services such as non-bank check cashing, payday loans and pawn shop loans. These services often are ... Read more
32% of Georgia residents lack access to banking - Atlanta Business ChronicleAbout 441,000, or 17.5 percent of Tennessee households, are underbanked, according ... accounts, but they primarily use alternative financial services such as non-bank check cashing, payday loans and pawn shop loans. These services often are more ... Read more
27% of Tennessee residents lack access to banking - Memphis Business JournalStay updated with our RSS feeds daily with the latest news. Several Kentucky groups say its an industry that's creating a debt trap for far too many Kentuckiana families, and they want lawmakers to do something about it. Members from the Kentucky ... Read more
Kentucky groups criticize payday loans - Fox41.comRead more
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