New regulations put limits on payday loans (Gaffney Ledger)
Posted on June 27th, 2009 | by admin |More info…
Payday lenders across Cherokee County now face new regulations that put limits on the loans they make. An overwhelming majority of state legislators voted June 16 to override Gov. Mark Sanford’s veto of new regulations on the industry in South Carolina.
JPMorgan CEO warns against too many regulators (Reuters via Yahoo! News)
Too many regulators will only increase costs and reduce credit opportunities for consumers, JPMorgan Chase & Co Chief Executive Jamie Dimon warned in a column he wrote in Saturday’s Wall Street Journal.
Payday loans down 84% in Va (WRIC 8 News Richmond)
Associated Press – June 20, 2009 9:35 AM ET RICHMOND, Va. (AP) – New laws that cut down on the number of payday loans borrowers can get have drastically reduced the number of the short-term,…
Payday Loans Down 84 Percent In Va. (WRIC 8 News Richmond)
RICHMOND, Va. (AP) – New laws that cut down on the number of payday loans borrowers can get have drastically reduced the number of the short-term, high-interest loans issued in Virginia. Last year, Virginia’s
Reforms Take a Toll on State Payday Firms (The News & Advance)
When a group of state legislators gets together later this month to study the thorny issue of payday loans, it should take the final step necessary to rein in the outrageous loan industry. That step would be to return Virginia to a cap of 36 percent on open-end loans.
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