Eliminate Payday Loan Debt

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RI lawmakers seek to restrict payday loan interestLegislation in Rhode Island to restrict the interest rates that payday lenders can charge hasn't received a vote but is already winning widespread support in the General Assembly.Boston Globe - Feb 10 10:22am
Payday loan practices 'unlikely to improve under new rules'Consumer rights campaigners say more action is needed to stop consumers racking up huge debts Rules to improve lending practices by payday loan companies are unlikely to offer greater protection for customers in the near future, consumer rights campaigners have warned. An updated code of practice announced by the Finance and Leasing Association (FLA) includes limiting the number of times a ...Guardian Unlimited - Feb 03 02:28pm
Mo. senator calls for changes to payday loan lawsMissourians who take out payday loans could get more time to pay them off, under legislation put forth by a state senator.Associated Press via Yahoo! News - Feb 06 06:35pm
Instant money loans: Payday loan firms are ruining livesAnd the payday loans industry, which is now worth £2 billion in the UK, is spending millions of pounds to woo young, working women who are feeling the pinch.Daily Mail - Jan 30 08:38pm
Arkansas Tech Professor Investigates Payday Loan Cycle of DebtRUSSELLVILLE, Ark., Jan. 18, 2012 /PRNewswire-USNewswire/ -- Arkansas Tech University Prof. Marc Anthony Fusaro is the principal investigator on an important new study regarding whether the high interest rates on so-called "payday" loans cause borrowers to be trapped in a "cycle of debt."PR Newswire via Yahoo! News - Jan 18 05:32am
Groups launch payday loan, minimum wage petitionsWhen Rep. Mary Still told a group of about 70 community activists Saturday that they have the power to rein in predatory payday lenders, a member of Grass Roots Organizing dressed as a shark circled around the Columbia Democrat who for two years has unsuccessfully sponsored legislation to reform the payday loan industry.Columbia Daily Tribune - Jan 29 12:07am
Birmingham, Alabama Looks For Alternatives To Payday LendersBankers and community leaders in Birmingham, Alabama met Thursday to discuss developing new financial resources for cash-strapped residents , according to The Birmingham News . The meeting was part of the city's broader effort to relax the influence of payday lenders -- small loan shops where borrowers can get quick cash, but often end up sucked into a cycle of debt thanks to the lenders' high ...The Huffington Post - Feb 10 10:25am
One in four struggling takes payday loanJust over one in four (28%) people struggling with debt has taken a payday loan, research from Vincent Bond & Co shows.Mortgage Introducer - Feb 02 04:09pm
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