Lawmakers desire to improve fines for rogue payday loan providers by 500 per cent

Lawmakers desire to improve fines for rogue payday loan providers by 500 per cent By John Cheves | Lexington Herald-Leader FRANKFORT – A few Kentucky lawmakers want cash advance stores to face heavier that is much whenever they violate consumer-protection legislation. Senate Bill 169 and House Bill 321 would improve the array of fines offered […]

Let me make it clear about Payday loan providers settle SC course action lawsuit

Let me make it clear about Payday loan providers settle SC course action lawsuit A $2.5 million settlement was reached when you look at the 2007 course action lawsuit brought by sc borrowers resistant to the state’s payday financing industry. The sweeping contract could yield tiny settlement claims — about $100 — for anybody whom […]

A Public Option To Pay Day Loans

A Public Option To Pay Day Loans Publicly funded financing swimming pools can offer low-interest, short-term loans in ways no private loan provider can or will. The Consumer Financial Protection Bureau announced plans to rescind a rule requiring payday loan lenders to accurately assess whether borrowers can repay them in early February. The Obama-era legislation […]