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Moving to restrict businesses that it sees as being detrimental to the welfare of the city and its citizens, the Fairview Heights City Council has introduced two proposed ordinances that would limit the number of payday lenders and adult use business in the city limits.
Bills would clamp down on payday loan 'sharks' (Small Business Times)
State Rep. Josh Zepnick (D-Milwaukee), a member of the Assembly Committee on Financial Institutions, has introduced two consumer protection bills designed to help citizens who utilize relatively new and emerging financial services of payday and auto title loans. Payday Loans, Nonprofit Style, Emerge to Mixed Response (New York Times)
Nonprofit groups are stepping into an industry that has been widely criticized as predatory but that has reached as many as one in 20 Americans. Faith Community Rallies Against Payday Lenders (CBS 6 Richmond)
RICHMOND, Va. (AP) - Some in the faith community are calling on legislators to support a 36 percent annual interest rate cap on payday lenders. The campaign seeks to involve churches of every denomination. Reducing payday loan risk - Starting Oct. 1, law gives Soldiers some interest rate protection (Fort Leavenworth Lamp)
FORT MYER, Va. - Everyone's heard the familiar radio spots cajoling people to take out a payday loan, which is paid back when your paycheck arrives. It sounds easy enough. Payday lending a moral issue? (Richmond Times-Dispatch)
In what they call a moral and not political campaign, members of Virginia's faith community are launching a renewed effort to cap the interest rate of payday loans. Share Your Opinion. (0 posts)
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