Payday loans can be a cycle of debt (Minnesota Public Radio)
Posted on March 23rd, 2009 | by admin |More info…
Minnesota lawmakers are considering two bills that would restrict payday lending. Fifteen states have already banned the practice and Congress may cap interest rates as well.
Micro-loans for Americans? (CNN Money)
When the economic downturn took hold last autumn, the management team at non-profit Kiva.org made a calculated bet to curb investment, anticipating that donors would slow the volume of small loans they make to entrepreneurs in the developing world. That slowdown never came. Now, the non-profit site is racing to keep up with user demand even while planning to bring its unique form of charity to …
Pair of masked men holdup Payday Loans in Waukegan (Daily Herald)
Waukegan police are searching for two men in connection with the armed robbery of a Payday Loans store Sunday, police said Tuesday.
Payday industry opponents ready for second run on interest rate caps (BizJournals)
Get ready for round two in the battle over payday lending in Ohio.
Bill to tighten restrictions on payday loans filed in the Missouri House (St. Louis Post-Dispatch)
JEFFERSON CITY Arthur Crawford of St. Louis couldn’t pay his bills. So he borrowed $300 in a short-term arrangement known as a payday loan. But other things came up, he said. He’s taking care of two teenage daughters and paying child support on another. Things don’t always fall right into place.
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