Weekly Payday Loan News 2008-05-02

NDP wants advocate for payday loan borrowers
TheChronicleHerald.ca, Canada
New Democrat MLA Becky Kent wants a consumer advocate appointed to represent payday loanMs. Kent, who put forward a legislative bill Friday that

Money Mart welcomes New Brunswick payday loan law
PR Newswire (press release), NY
Money Mart is a founding member of the Canadian Payday Loan Association (CPLA) that has been working for four years towards provincial regulation of the …

Ohio bill could lower payday loan cap to 28%
Akron Beacon Journal, OH
The bill also would provide increased consumer protection by placing the payday industry under the Consumer Sales Practices Act and the Small Loan Act in …

Payday Lending, Part I: if you have to do it, how to do it
WalletPop, VA
But since I'm admitting I became a payday loan customer earlier this year, I thought I'd give everyone a sense of what to expect if you find yourself in a …

Payday Lending Part II: the state of the industry today
WalletPop, VA
California: Earlier this month, just as they were going to vote on a bill that would have forcedpayday loan stores to cap their annual interest at 36%, …

Payday lending reform should help consumers
Rock Hill Herald, SC
Some say efforts to regulate payday lending strictly is needless government intervention. But it was the government that intervened to legalize these loan …

EDITORIAL: Payday facts and fiction
Trading Markets (press release), CA
Whether the activity is moving Ohio any closer to a better loan product, curbing the predatory aspects of the industry, is not so immediately clear. …