Montana Payday Advance Loans Legislation Hits a Snag
Payday loans regulation tabled
Montana legislators are in a dead heat when it comes to payday advance loans regulation.
The House Business and Labor Committee voted 9-9 on a bill that would cap interest rates or fees on payday loans, effectively defeating it.
Still pushing the bill
The bill’s sponsor, Representative Bill Wilson, is [...]
Payday Loans: Still Long for Montana
Montana won’t let payday loans die
Payday loans have helped many families weather financial storms and make it until the next paycheck. The impact they have upon general financial well-being has been significant, without any slippery slope toward ruinous conditions. Thankfully for the people of Montana, there are still politicians who [...]
Montana Legislation Targets Payday Advance Loans
Payday loan reform a hot topic
Montana is joining the ranks of states looking to impose an interest rate cap on payday advance loans. The state’s House Business and Labor Committee held a hearing today on a bill that would put a limit of 36 percent on payday loans.
Several states, including [...]
Montana, Cap Payday Loans and Hurt Your Population
Financial Resources Over-Regulated
Despite the fact that payday loans have been a boon to cash-strapped consumers who need a little help between paychecks, bank-controlled government acts in the best interests of their campaign supporters, rather than in the best interests of the people. Some take this path, while others recognize their [...]
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