Short-term loans a controversial issue
A debate over payday cash advance loan laws is heating up in the South Carolina legislature this week. The issue has grown so contentious that a South Carolina newspaper, The State, says it might not be possible to pass a bill this week.
Details on the bill
The [...]
Washington limits collection efforts
State of Washington governor Chris Gregoire on Wednesday signed new restrictions on payday lenders into law. The new laws address what type of payday loan collection efforts can be used and how often and in what manner borrowers can be contacted.
The rules
Washington law now says payday lenders [...]
Pay attention to the Payday loan Pundit
Whether you need information about a payday loan or want to keep up with financial news and tips, Personal Money Store is your source. However, we’re not the only game in town. The Payday Pundit has a keen insight into the comings and goings [...]
PIAC, leave well enough alone
If certain groups in Ontario have their way, a payday loan would be as hard to come by as honest bank CEOs… right?
Recently, the Center For Responsible Lending or a similar “self-interest” group sat Ontario’s Public Interest Advocacy Centre (PIAC) down in its lap and made [...]
You love omelettes, admit it
Gareth Marples writes in his blog “The History of…” that payday loans have been controversial since their very inception in the early 1990s. Yet you’ve probably heard the old saying that you can’t make an omelette without breaking some eggs, right? Undertaking a faxless payday loan [...]