Canada Payday Loan Laws & Legislation Update
The Province of Ontario will complete its regulation of the payday loan and cash advance industry as of December 15, 2009. This includes includes a maximum rate of $21 per $100 loaned. Included in the new regulations are strong consumer protections in conjunction with good, solid, and fair enabling legislation thus assuring the future of the payday loan industry in Ontario.
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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 Lenders Get Hassled Over Disclosure-Again!
All industries have a few knuckle heads in their midst. No surprise, this includes the payday loan industry. There are some very basic requirements we in the industry must adhere to. Disclosure of loan terms, the APR (Annual Percentage Rate), the payment schedule, the amount financed, the total of payments, and any late fees are [...]
Oregon Payday Loan Consumers Worse Off Without Them
A new survey conducted by Dartmouth College reveals residents are WORSE off without access to payday loan products!
Data on 400 payday loan consumers collected before and after the imposition of an interest-rate cap in Oregon indicates that the payday loan rate cap resulted in a severe downgrade in the financial condition of the Oregon households. [...]
Payday Loans - The Media - Common Sense
The media never entertains the idea that the payday loan product can do any good despite the fact that consumers by the millions use them! Every media treatment is focused on the negative; the few in our industry, like all industries, that do harm our reputations.
Average Folks Question Banning Payday Loans
Sometimes we forget just what a payday loan means to a family that experiences a temporary financial setback and has no where to turn for help.
I am a single father of three children. I have had a career in the aviation field since serving 7 years in the U.S. Navy. I make mid [...]
Advance America Suffers 4 Percent Profit Loss & Loses Chairman
Payday loan Advance America management changes
Payday Loan Legislators Do Not Understand Us!
It’s crazy how the regulators and legislators who feel the need to control our payday loan industry in an effort to “protect” consumers consistently fail to understand us!
WHY BANKS & CREDIT UNIONS HATE PAYDAY LOANS
NO WONDER BANKS & CREDIT UNIONS HATE PAYDAY LOANS! So, when consumers use payday loans to avoid these bank and credit union fees they cremate the net income of banks and credit unions!
