Oregon Payday Loan Article

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Oregon Payday Loan

Denver Post - When a similar law passed in Oregon a few years ago, payday-loan stores shuttered their doors, and customers turned to online lenders, said Dennis Bassford, chief executive officer of Moneytree Inc. "Payday loans are not predatory," he said. "For ...

Payday-loan legislation faces a fight

Union Leader - ... loan sharks went to jail for lower interest, thus the market responded with a regulated business of payday lenders. Welcome back all you loan ... I would be interested in finding out how Oregon has survived since they passed a similar bill some time ago ...

Kicking out creditors: Someone will take their place

Nashua Telegraph - Payday loan company executives say if this cap became law, they would close up shop and leave the state as they did last summer in Oregon after that state adopted this cap. But in a statement, Advance America CEO Ken Compton said his group is still ...

House OK's payday loan interest cap

Catholic Online - An initiative based on Oregon’s assisted suicide law was expected to be filed Jan. 9. To oppose it, opponents are ... WSCC also supports reform of the payday lending industry, noting that a typical payday loan carries a 390 percent annual ...

Pharmacists’ conscience clause, suicide among top issues for Wash ...

American Progress - ... grads now working at the Center for American Progress describe how drastic cuts to student loan ... Oregon has already passed an aggressive law to limit payday lending, but the Oregonian calls on legislators to extend the protections of the law to other ...

Debt Matters

Albany Democrat-Herald - ... safety for all Linn County Residents, and for making the roads of Linn County better than the rest of the roads in Oregon ... wrong with these businesses and they are just as legitimate under the eyes of the Law than any tattoo parlor, payday loan shop ...

Who is threatened here?

Charlotte.com - Lawmaker aims to ban payday lending State Sen. Hawkins is also suing industry on ... add up to an annualized percentage rate of nearly 400 percent for a two-week loan. ... When Oregon capped interest at 36 percent a year, Advance America stopped doing ...

Lawmaker aims to ban payday lending

Aiken Standard - Payday lender to close all Pa. locations Associated Press PHILADELPHIA — Advance ... The company has also pulled out of North Carolina, Oregon and Georgia. In July, a ... It closed more than 30 loan centers and said it was weighing what to do with the ...

Payday lender to close all Pa. locations

Miami Herald - The hope is that mainstream financial institutions can convert the check-cashing customers and payday loan-seekers of today into the sought-after depositors and low-risk borrowers of tomorrow. "A large number of banks and financial industry players ...

Banks aim to lure clients from check cashers, payday lenders

Fort Worth Star-Telegram - Payday loan offices in Texas to post their fees, APRs ... Twelve states, including Georgia and Oregon, have capped such loans at interest rates ranging from 20 percent to 60 ...