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.
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.
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 Loans New Hampshire Laws and Legislation
Payday loan company Advance America announced it plans to close the 24 payday loan centers it operated in the State of New Hampshire. The decision to close the payday loan centers in New Hampshire comes after approval of payday loan legislation that went into effect on January 1, 2009 that effectively prohibits the offering of the cash advance product in that state, and follows the Company’s previously announced decision to discontinue offering its line of credit product in New Hampshire as a result of an agreement with the state’s Bank Commissioner.
