Governor vetoes bill to restrict payday loans (Gaffney Ledger)
Posted on June 7th, 2009 | by admin |More info…
A bill that aimed to put new restrictions on the payday lending industry in South Carolina was viewed by some to be one of the most important pieces of legislation to come out of Columbia during the most recent legislative session.
Payday loans capped (Grande Prairie Daily Herald-Tribune)
Under new regulations unveiled by Alberta yesterday the lending rate payday loan companies charge will be capped at $23 per every $100 borrowed. That figure will be the total cost and includes interest charges and other fees….
Province sets limits on interest charged by payday loan companies (AM770 CHQR)
Payday loan companies in Alberta will no longer be allowed to charge interest of more than 23 cents on the dollar. The new regulation is among a number of changes being enacted by the province to protect consumers while keeping law-abiding payday loan outfits afloat. Service Alberta Minister Heather Klimchuk says the province is also banning rollover loans and mandating that borrowers get a …
Alberta imposes 23 per cent interest cap on payday loans (Kitchener – Waterloo Record)
EDMONTON – Alberta joined the growing list of provinces regulating the controversial payday loan industry by introducing rules Wednesday to cap the lending rate at 23 per cent.
Predatory Payday Loans: Congressional Briefing, New YouTube Video and Website Chronicle Abusive 400% Interest Rates (PR Newswire via Yahoo! News)
Religious, civil rights and consumer groups today briefed congressional lawmakers and staff on why all families should be covered by the 36 percent rate cap on consumer loans that already protects military families. Over 70 percent of Americans support a cap of 36 percent or less.
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