Payday Loan Reform Act Leaves Customers with Bad Alternatives

Professor defends payday loans
The Payday Loan Reform Act is making its way through Congress, and many have concerns about how it will affect consumers who use payday lenders, online cash advances and other short-term loans.
One such concerned citizen is Robert DeYoung, a finance professor at University of Kansas. He wrote [...]

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University of Kansas
Tuesday, April 14th, 2009 by
Elizabeth Fairchild

Committee Discusses Balanced Payday Loan Regulation

Finally, a little fairness
After a hearing on last week on the Payday Loan Reform Act, it appears that some legislators are beginning to see payday lenders as a necessary service instead of a predator.
A House Financial Institutions and Consumer Credit Subcommittee on April 2 discussed HR 1214.
Small differences
Many legislative hearings [...]

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Wednesday, April 8th, 2009 by
Elizabeth Fairchild