RI lawmakers pitch restrictions on payday lenders - BusinessWeek 3bbd0224 RI lawmakers pitch restrictions on payday lendersBusinessWeekMore than a dozen states currently limit payday loan interest rates. The federal government restricts interest rates on payday loans to military service members. The Rhode Island bill has backing of consumer advocacy groups. Tightly regulated or not, payday lenders learn to stay profitableFort Worth Star Telegramall 21 news articles »..

Payday loan hypocrisy: Missouri GOP forgets example set by Jim Talent - STLto 3bbd0224 Payday loan hypocrisy: Missouri GOP forgets example set by Jim TalentSTLtoday.comThe question timely Mr. Talent, a conservative Republican and a former US senator from Missouri, was a key sponsor of a 2006 measure that limited financial damage payday-loan companies can inflict on military families. and more »..

House likely to vote on payday-loan bill - News-Leader.com 3bbd0224 House likely to vote on payday-loan billNews-Leader.comHe imposed similar restrictions on payday loans made to military families. Brandom's bill a product of an interim committee that held meetings legislative session. The bill would: Brandom and others payday loans serve an important and more »..

Payday Loans Lenders Target Middle-Income Households? - WiredPRNews.com (pres 3bbd0224 Payday Loans Lenders Target Middle-Income Households?WiredPRNews.com (press release)San Diego, CA (WiredPRNews.com) Analysts estimate that than 19 million US households use a payday loan year. Recent studies alleged that payday lenders target communities high populations of military, Hispanics, elderly, women, Payday Loans Lenders Target Middle-Income Households?Stock Markets Reviewall 2 news articles »..

Take action to oppose exploitative payday lending practices - St. Louis Jewis 3bbd0224 Take action to oppose exploitative payday lending practicesSt. Louis Jewish LightHB 132 would implement many positive changes as to how payday loans handled our state. Among things, bill would: ? Limit interest rates to a simple annual rate not to exceed 36 percent, by Federal law maximum interest rate and more »..

Payday-loan reforms needed to crack down on immoral practices - News-Leader.com 3bbd0224 Payday-loan reforms needed to crack down on immoral practicesNews-Leader.comHouse Bill 132 provides a remedy by placing a 36 percent APR interest rate cap on payday loans, rate recommended by Senator Jim Talent, similar legislation steered to passage for benefit of military families. House Bill 132 expresses and more »..

If Texas won't act on payday loans, maybe feds - Fort Worth Star Telegram 3bbd0224 If Texas won't act on payday loans, maybe feds willFort Worth Star TelegramAbout one-third of states enacted tough reforms on loans, and Congress passed a law 2006 to protect military and families from practices. Payday lending doesn't appear to at top of Warren's current to-do list. Debt's vicious cycleContra Costa Timesall 10 news articles »..

Military pay faces uncertain future; troubling for financially strapped famil 3bbd0224 Military pay faces uncertain future; troubling for financially strapped familiesWashington Post (blog)(Christopher Berkey/AP) As federal workers around country worry about impending payday that may not come, one group has reason to worry. Military families particularly susceptible to financial strain and predatory payday lenders. ..

Payday loan bill too weak - News-Leader.com 3bbd0224 Payday loan bill too weakNews-Leader.comThe industry should happy bill doesn't hurt one bit, but allows to continue hurting poor who turn to payday loans. Here's how shell game works. The bill would cap interest rate for two-week and more »..

Payday Loans: Regulating Rhode Island's ?Biggest Scams? - GoLocalProv 3bbd0224 GoLocalProvPayday Loans: Regulating Rhode Island's ?Biggest Scams?GoLocalProvThe Ocean State only state New England that allows for payday loans. Ferri capping interest rates at 36 percent would similar to charges military members face trying to secure a payday loan. According to information ..

Payday lenders target military families - msnbc.com 3bbd0224 msnbc.comPayday lenders target military familiesmsnbc.comTotal cost to pay off payday loans was $12750 and total obligation to installment loan company was $15000. Her financial problems a contributing factor to pending divorce." It isn't hard to see why so many members of military Federal budget passes; fewer troops military payday loansFavStocksall 4 news articles »..

A scourge on vulnerable citizens - Concord Monitor 3bbd0224 A scourge on vulnerable citizensConcord MonitorI grew up an Army family, watching sleazy predatory lenders grow up around military bases lived, putting a blight on neighborhoods. That's how payday loan industry got start, preying upon low-paid servicemen and women. ..

Let's call what is: crooked - Concord Monitor 3bbd0224 Let's call what is: crookedConcord MonitorIt raises annual percentage rate for short-term loans on car titles used as collateral from 36 percent to an eye-popping 300 percent. In 2008, Legislature passed a 36 percent annual percentage rate cap on notorious short-term payday loans ..

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