Online Petition Aims to Stop Payday Loan Legislation
Thousands sign petition at SaveMyPawnshop.com
A group of pawnshop owners, payday lenders, their customers and their employees have joined forces online to try to stop Senate Bill 500. SaveMyPawnshop.com points out that the interest rate cap in SB 500 would not only drive payday lenders out of business, it would drive [...]
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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