Payday Loan Bills | Pass in British Columbia, Fail in Arizona
British Columbia bill caps interest rates
Starting this fall, interest rates that can be charged on payday loans in British Columbia will be capped at 23 percent.
Unlike most legislation in the United States, the British Columbia law doesn’t cap the annual interest rate; it caps the interest that can be charged [...]
Lawmakers, Church Groups Seek to Regulate Payday Loans
British Columbia pushes for reform
It seems the United States isn’t the only country whose lawmakers are pushing for payday loan legislation. Regulators is British Columbia, Canada, are also seeking to put a cap on interest rates on payday loans.
Lower interest caps
The regulations sought in British Columbia are even more stringent [...]
Before You Apply for Payday Loans, Read This
Payday loans targeted in media
I have come across a lot of editorials and other opinionated texts about payday loans lately. Newspaper editorial boards and activist columnists are writing about how payday lenders are “predatory,” and they need to be regulated.
People are quick to call on the organizations to change their [...]
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 [...]
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 [...]
Illinois AFL-CIO Endorses Payday Loan Reform Advocate
Candidate has record with payday lenders
John Fritchey, candidate in the Illinois 5th Congressional District race, got an endorsement from the AFL-CIO today. The organization cited his voting record regarding payday loan reform and other financial legislation among its reasons for endorsing him.
Obvious answer for skeptics
Fritchey in the past has voted [...]
Don’t Leave Me Hanging Like a Chad without No Fax Payday Loans!
A Persistent State of Tough Ballots
On November 4, 2008, we will not only find out who our new leader for the next four years is, but we’ll learn the fate of several controversial things in a number of states.
In Washington State, for example, lawmakers wish to enact a measure that [...]
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