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IN Payday LoanWTOP Radio - Blakely said he was trained to encourage people to take out the maximum $500 payday loan as a way to keep them coming back for more money. "I realized I was working for financial terrorists, bent on financially enslaving as many hardworking Americans ... Read more
Group Urges Va. Payday Lending ReformCharleston Post & Courier - COLUMBIA — South Carolina senators agreed Tuesday to limit payday loans to no more than $500 at a time and create a list of borrowers that businesses must check before lending money. The tougher regulations would also double licensing fees for ... Read more
State Senate agrees to new payday loan rulesThe State - The provisions are designed to break patterns of serial lending that critics say trap borrowers in a cycle of debt by using a new payday loan to pay off an old one. Jamie Fulmer, spokesman for Advance America, a Spartanburg-based company that is the ... Read more
Payday lending in South Carolina | Senate votes to limit loansSpartanburg Herald-Journal - The Senate on Tuesday rejected a ban by a 23-18 vote, but clamped down on payday lenders by approving a bill that limits customers to one loan at a time, implements a seven-day cooling-off period between paying off one loan and receiving another and ... Read more
Senate OKs limits on payday lendersWJLA - He said he was trained to encourage people to take out the maximum $500 payday loan as a way to keep them coming back for more money. Check 'n' Go said it was preparing a response. Blakely and others called for support of a House bill that would ... Read more
Group Urges Virginia Payday Lending ReformArizona Daily Star - PHOENIX — Insisting the industry is needed, a Senate panel voted Monday to keep the payday loan industry alive in Arizona until at least 2012. The 3-2 party-line vote by the Senate Committee on Financial Institutions and Insurance came over the ... Read more
Arizona Senate panel votes to extend life of payday loan industryMSN MoneyCentral - These included: the Payday Loan Software division; Forex Trading; and Advanced Electronic Funds Management. Safe Harbor Statement Information in this press release may contain 'forward-looking statements.' Statements describing objectives or ... Read more
Good Life China Corporation (TLGP - pending new ticker symbol) Issues ... Wisconsin State Journal - While our Legislature just can't come to grips with the payday loan phenomenon, which is sucking hundreds of thousands of dollars in interest and penalties from the most financially vulnerable among us, there's yet more evidence of just how sleazily ... Read more
Dave Zweifel: Payday loan sharks circle the vulnerableEast Valley Tribune - Critics of high-interest payday loans are asking voters to put the industry out of business this year through an initiative petition drive that aims for the November general election. They claim payday loan stores target the poor and trap them in an ... Read more
Critics cashing in on payday loan hysteriaWhittier Daily News - PICO RIVERA - A temporary moratorium on check-cashing businesses in the city will continue for one year, officials said. The ban, which prevents any new check-cashing and payday loan businesses from setting up shop in the city, has been established ... Read more
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