Archive for November, 2008
Tuesday, November 18th, 2008
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Sunday, November 16th, 2008
More info...FAIRFIELD COUNTY - Voters decided a 28 percent interest rate is enough for "payday" loans with a resounding passage of an initiative on Election Day.Summary Box: Ohio payday lenders look for options (AP via Yahoo! News)WHAT HAPPENED: Ohio voters upheld state law that caps annual interest rate on payday ...
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Sunday, November 16th, 2008
More info...CINCINNATI - The payday loan industry stung at the Ohio ballot box with a strict new law is looking for other ways to do business, prompting consumer advocates to worry that lenders are finding a way around the election results.Payday lenders search for options after passage of ...
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Saturday, November 15th, 2008
More info...The Associated PressDefeated in Ohio, payday lenders look for optionsThe Associated Press - Nov 13, 2008Payday loans work this way: A borrower goes to a check-cashing company and writes a check. The company gives the person cash, minus a fee, and agrees not to ...Superior credit union offers alternative to ...
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Saturday, November 15th, 2008
More info...New Ohio legislation limits payday loans to 28% APR, down from an average of 391% APR.Whats next for payday loan industry? (The Daily Dispatch)PHOENIX -- The defeat of Proposition 200 at the polls has left the payday loan industry with a two-word question: Now what? Doing nothing is not ...
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