Washington Payday Loan Laws
Washington state Representative Sharon Nelson (D-Maury Island) has introduced payday loan legislation this session that both sides find disgusting! Is this what it takes to get payday loan reform bills passed?
In essence, the proposed payday loan bill would require:
* Payday lenders would be required to establish a statewide database to track all borrowers
* Payday lenders would be required to establish a statewide database to track their incomes
* Payday lenders would be required to establish a statewide database to track how many loans they have outstanding.
Payday Loans: West Virginia
Additionally, McGraw wants the companies to comply with his subpoena demands. Because the Internet companies are not located physically in West Virginia, they are resisting his efforts. Too bad they are not using the offshore or sovereign nation models!
Payday Loan -Idaho Payday Loan Law
Republican Sen. Shawn Keough told the Senate Commerce Committee Thursday that the bill would be a powerful consumer protection tool because the state Department of Finance could issue cease and desist orders and sue unlicensed payday lenders.
Payday Loans Video Advertising and Youtube
As video becomes more and more pervasive, payday loan companies are figuring out how to use the Internet to get their messages in front of consumers. Here is an example of some video work by Check-n-Go:
Payday Loan Laws in British Columbia - Canada
Canada: British Columbia announced new regulations capping total charges for payday loans offered in the province at $23 per $100 loaned including all interest and fees.
