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Search News Media: Payday Loans Go Mainstream As Trust in Banks Diminishes (Business Wire via Yahoo! |
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LONDON, United Kingdom----Leading payday loans broker Paydaybank.co.uk has today reported a 25% rise in loan applications via its website www.paydaybank.co.uk in the three months since the Supreme Court ruling found in favour of the banks in the OFT case regarding overdraft bank charges.
A Consumer Bill Gives Exemption on Payday Loans (NYTimes.com via Yahoo! Finance)
Senator Bob Corker wants a proposed bank agency to be more lenient toward nonbank companies, but some advocates say that would hurt consumers.
Compromise would shield payday lenders, pawnbrokers and car dealers from oversight (Washington Post)
Payday lenders, pawnbrokers, car dealers and other companies that make loans but do not hold bank charters would be shielded from the scrutiny of a proposed federal consumer protection regulator under the terms of a tentative compromise between senators who are attempting to craft a bipartisan bill.
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