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Payday loan users say they have no options, study says (Lexington Herald-Leader) |
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FRANKFORT A survey of low-income families in nine Kentucky counties showed that many turned to payday lenders because they couldnt access traditional loans or other banking services.
Banks Fight Obama's Protection Agency Pitch (HispanicBusiness.com)
Banks and mortgage lenders are placing top priority on killing President Barack Obama's proposal to create a new consumer protection agency that would regulate home loans, credit card fees, payday loans and other forms of consumer finance.
Virginia considering regulating car title loans (Richmond Times-Dispatch)
Virginia is considering putting the brakes on the repo man, but theres disagreement on how to do it. A General Assembly panel yesterday opened hearings on a possible clampdown on car-title loans, under which borrowersoften with poor credit historiesuse their cars as collateral and lose them if they fail to repay. The industry, which typically charges 300 percent to 350 percent in annual ...
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