About Payday Loans

The California Department of Business issued a new report that reveals seniors are the largest group among the almost half million Californians who took out a payday loan at interest rates of up to 30 percent last year. California’s 2003.

SEATTLE (AP) — After a new law imposing stricter regulations on the payday lending industry takes effect today, Ken Weaver is not optimistic his two check-cashing stores in eastern Washington will remain open. The new law limits the.

WASHINGTON (BP) — The Southern Baptist Ethics & Religious Liberty Commission has helped launch a religious coalition seeking an end to the predatory loan industry. The ERLC joined with other religious organizations Thursday (May 14).

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Those needs don’t just go away." Clark argues for an interest rate cap for online and storefront payday lenders. "The payday loan is a debt trap," Clark told ABC News. "It’s a spiraling cycle that takes you down to nothing, like I lost.

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A debt-ridden father doused himself in petrol and turned himself into a human fireball after being harassed for money by payday loan firms. Antony Breeze, 36, died after setting himself alight, telling passers-by who tried to extinguish the.

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For the past year and a half, Doug Farry has met with city councils, chambers of commerce and corporate human resources managers, telling a hard truth: Many workers live paycheck to paycheck and sometimes turn to payday.

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Following the holidays, we returned late in the evening to a frozen house after driving for two days and opted to stay in a hotel. Over the next three days, while my husband unfroze the furnace and fixed a cracked water meter, we stayed with.

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The Consumer Financial Protection Bureau issued new rules on payday loans this week. Consumer advocates say the rules will help low-income people and families trapped in endless cycles of debt. The industry argues that payday.

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Brad Rixmann, chief executive of Burnsville-based Payday America, is a giant on the payday lending scene, operating the largest such business in the state. He also is a major player in Minnesota politics, having doled out nearly $550,000 in.

Jennifer Trogdon is a mother of five, four with special needs. Her husband works at a fast food restaurant making a little more than minimum wage. She is on disability. The 39-year-old Springfield woman says her family is trapped,

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ZestFinance traces its origins to a phone call Douglas Merrill received one winter day from his sister-in-law, Victoria, who needed new snow tires to drive to work and was short of cash. When Mr. Merrill asked what she would have done had.

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Consumer Financial Protection Bureau Director Richard Cordray, who is proposing to pretty much demolish payday.

EDITOR’S NOTE: This is the first installment of a weekly series on the financial struggles of Oklahomans. OKLAHOMA CITY — Elise Robillard was desperate for a quick cash infusion the first time she walked into a payday lending store.

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In nearly two decades of payday lending, Charlie Hallinan, a resident of the Main Line, stayed one step ahead of state laws while amassing a fortune one high-interest loan at a time. Now federal officials are preparing a racketeering case.

And it’s easy to qualify for one: All you need to get a payday loan is a driver’s license, a Social Security card, proof of income and a bank account number. But the fees charged by the lenders are so high — up to 574% in some states —.

RICHMOND, VA (WWBT) – If you’ve recently gotten a payday loan online — you may not know it, but it is illegal here in Virginia. Despite the law, companies continue to offer them. Dana Wiggins makes it her priority to help consumers. It’s.

CLEVELAND, Ohio — Workplace Impact’s president, Shelly Sekki, was skeptical when a local nonprofit contacted her about offering payday loan alternatives to her employees as a perk. When Neighborhood Housing Services of Greater.

Payday America is a direct payday advance lender with stores throughout Minnesota. Our stores offer payday loans with no credit check, fast payday loans, and payday.

A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower’s payday."

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