Skeptical Beshear signs payday loan bill (Louisville Courier-Journal)
Posted on March 26th, 2009 | by admin |More info…
Gov. Steve Beshear yesterday signed into law a measure creating a database to alert payday lenders if their customers exceed the legal limit on such loans. But he invited a lawsuit to overturn a section that gives those lenders protection from new competition.
SC payday lending bill loses income limit (AP via Yahoo! Finance)
Legislators stripped lending limits tied to income from a major overhaul of payday loan industry laws Wednesday. The bill the Senate Banking and Insurance Committee sent to the floor for debate with an 11-3 vote makes crucial changes to the measure.
Senate ditches limits on payday lending (The State)
The payday lending industry has said tying loans to a borrowers income would force them to close up shop in the Palmetto State. Senators listened and tossed the lenders a lifeline Wednesday.
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