Montana Payday Loan Law Fails
HELENA, Montana. Proposed payday loan laws failed in the Montana 2009 Legislature. The proposed bills, introduced by two liberal Democratic lawmakers, failed to reach the floor for debate thanks to a number of free trade thinking Republicans in the Montana legislature.
Kentucky Payday Loan Laws
A bill sponsored by Rep. Johnny Bell, D-Glasgow, which would require pay day lenders to enter each transaction into a statewide data base passed out of the Banking and Insurance Committee on Wednesday.
CSO-Credit Services Organization for Payday Loans & Car Title Loans
The Credit Services Organization, often referred to as a CSO, is becoming popular in states like Texas for offering payday loans and car title loans. The reason? The state of Texas simply requires a “registration” of a business as a CSO rather than applying for a payday loan or car title loan license.
Payday Loans: Ohio Still going Strong
Although Ohio voters supported a measure to reduce payday loan maximum Annual Percentage Rates to 28%, the payday loan industry is still going strong in Ohio.
Payday Loans & the Devil! Payday Loan Fans Gotta Get in the Trenches
Lizard, “But in your blind rage you seem to forget not everyone in the payday loan industry are slime-devils.”
Payday Loan Guy Versus The Other Side
Montana payday loan laws and legislation
Payday Loan Law Montana: House Bill 396
New payday loan legislation is slowly moving through the Montana House.
Montana House Bill 396 adding additional regulations to payday loan companies operating in Montana:
Payday Loan Law and Legislation Idaho
Amends existing law to provide that a lender which is not a supervised financial organization may not deposit a consumer’s check, withdraw funds electronically from a consumer’s account or otherwise collect the principal of, interest on or any fees or charges for a loan subject to this part if at the time the lender makes the loan, the lender does not have a current and valid license to make loans in this state.
Payday Loan Industry South Carolina Laws
Associate Press reports that the bill was approved by the South Carolina House with a 93-16 vote. Consumers will benefit in that the bill allows them to have one loan at a time for up to $600. In addition, an online database (provided by Veritec) that will be operational by February 1, 2010 will record when loans are made. Payday loan lenders will be required to check this database each time a consumer applies for a loan. Customers who are approved will also have the option of an extended payment plan if they are unable to pay within the standard two week’s time.
Payday Loan Industry QC Holdings Fourth Quarter Results 2008
Overland Park, Kansas based QC Holdings, Inc. is a provider of short-term loans in the United States, operating 585 branches in 24 states at December 31, 2008. Having 25 years of operating experience in the retail consumer finance industry, the company entered the short-term loan market in 1992 and, since 1998, has grown from 48 branches to 585 branches through a combination of de novo branches and acquisitions. During fiscal 2008, the company advanced approximately $1.4 billion to customers and reported total revenues of $227.7 million.
