Gunman Robs Indiana Payday Loan Store
Employee left alone in store
A Check into Cash store in Crown Point, Indiana, was robbed Thursday. There was only one employee in the store at the time.
Armed robber
The employee reports that the robber pointed a handgun at him and demanded he empty the cash drawer. After the cash was put [...]
Payday Loan Store Robbers Hit Store in Portsmouth, Virginia
Police seek two suspects
This afternoon a business in Virginia became the next victim in a growing trend of robberies aimed at payday loan stores. Police and witnesses say that just before 3 p.m. E.T., two males entered the building.
Robbers armed with handgun
Witnesses say one of the men approached the counter [...]
Payday Loan Store Knifepoint Robbery Caught on Tape
Police seek suspect
Prince William County police in Virginia have released photos of a payday loan store robber in hopes that the man will be caught.
The robbery occurred a couple of weeks ago in Manasass at Fast Auto Loans and Payday Loans.
Robber carried knife
Police say the man in the video who [...]
Check ‘n Go Headed for the Border in Virginia
No more payday loans for Virginians
Check ‘n Go, the second-largest payday lending company in Virginia, says it might no longer offer loans in the state. Stiff regulations have caused the company to struggle in Virginia.
State legislators extended loan terms and capped fees to a point that the company might not be [...]
Soon Online Payday Loans May be Only Option in Virginia
Payday Lenders in Virginia face regulations
We may see an uptick in the number of online payday loans borrowed in Virginia if the legislature runs payday lenders out of the state.
It looks like Virginia might be heading in the same direction as New Hampshire, where Advance America has announced it will [...]
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 [...]
Protesters Target Payday, Car Title Loans in Virginia
Payday loan stores hit from both sides
In Harrisonburg, Va., today several picketers held up signs and passed out fliers in front of a payday loans store. Currently legislation is working its way through the Virginia legislature that would ban these lenders from using “open end loans.”
Virginia lenders that issue short-term [...]
Hypocrisy in Payday Loans Legislation
Approach to payday loan law uncharacteristic
I was a bit surprised to see the large title “Conservative Viewpoints” splayed across the top of this article about payday loans legislation.
See, all this time I had thought that “conservatives” were all about small government and individual responsibility. Apparently not when it comes to [...]
More Restrictions on Virginia Payday Advance Loans
Payday lenders in hot water
Last year Virginia passed a 36 percent interest rate cap on payday advance loans. In an effort to save their businesses, payday lenders began finding ways around the debilitating law by offering open-ended credit.
Under Virginia open-ended credit laws, lenders can charge any interest rate as long [...]
Virginia, Restrict Payday Loans at Your Peril
Don’t restrict open-ended credit
Virginia legislators, you ARE tyrants! (Image via Wikipedia)
Why? Because the results inevitably remove competitive price regulation from the payday loans and short-term lending arena. This lack of competition inevitably harms the financial well-being of consumers in that it makes it more difficult to obtain quick payday loans, [...]
Payday Loans: A Bridge, Not a Stick, VA Daily News
Shameful Assumption
Newport News, Virginia’s Daily Press has published an anonymous editorial about payday loans entitled “Payday payback.” I suppose it should come as no surprise that the editorial was printed without a byline, because no one writer should have to shoulder that much embarrassment. This way, the entire newspaper can [...]
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