HR 1214 Payday Loan Reform Act 2009
The Payday Reform Act (H.R. 1214) outlines so-called “solid consumer protections for 23 states that have weak or nonexistent consumer protections from abusive lenders.” H.R. 1214 focuses on fees charged and the so-called “cycle of debt.”
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 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.
