Payday loan company settles for $2.5 million (KING5 Seattle)
Posted on February 23rd, 2009 | by admin |More info…
A local payday loan company offered to cough up $2.5 million in settlement money after thousands of clients sued over defamation and abusive collection practices.
Some Say Ohio Payday Lending Law Needs Reworking (WTOV 9 Steubenville)
Some officials say Ohio’s payday loan law needs reworking to close loopholes that are allowing lenders to continue charging triple-digit interest. Loans that had carried annual interest rates of up to 391 percent were capped at 28 percent under the law passed last year and upheld by voters.
Ohio Legislature to shut down gaps in payday lending law (The Alliance Review)
COLUMBUS — Gov. Ted Strickland is concerned about media reports that former payday lenders are still making loans to Ohioans at inflated percentage rates in spite of a new law prohibiting the practice.
Some say Ohio payday lending law needs reworking (The News-Herald)
COLUMBUS, Ohio (AP) Some officials say Ohios payday loan law needs reworking to close loopholes they say are allowing lenders to continue charging triple-digit interest.
Payday lenders spent $300,000 to influence SC lawmakers (Miami Herald)
Public records show the payday lending industry spent nearly $300,000 in 2008 in political donations and on lobbyists as the General Assembly sought to regulate the short-term, high-interest loans that have been banned in other states.
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