Payday lender to close 24 NH stores (Boston Globe)
Posted on February 24th, 2009 | by admin |More info…
A second payday lender is leaving New Hampshire because of a new law capping the amount of interest short-term loan operations can charge.
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.
State legislators vowing another crackdown on payday loans (WKSU Kent State University)
Some Ohio payday loan stores are charging borrowers nearly the same amount they were charging them last year, before state legislators okayed tough new limits on interest rates. Statehouse Correspondent Bill Cohen reports that some legislators are vowing to approve yet another crackdown. WKSU’s Bill Cohen reports.
Court Halts Internet Lending Practices (PC World)
A U.S. District Court orders seven Internet lending operations to cease some of their practices.
Limit payday lenders (Deseret Morning News)
Regular readers of these pages know we’re no fans of the payday lending industry.
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