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Payday lenders high rate wont be on Ohio ballot (The Elyria Chronicle-Telegram) |
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COLUMBUS Payday lenders won an argument with the Ohio Ballot Board Thursday that they couldnt win with the Legislature that payday loans shouldnt be described using the high annual percentage rate that has come to define the industry. The panel that decides how ballot issues are worded agreed it would be misleading ...
Provo eyes restrictions on payday loan stores (Deseret Morning News)
The city is exploring restrictions to quell clustering of payday lending stores to protect people from predatory lending practices and annual percentage rates as high as 800 percent.
FDIC pilot program explores alternatives to payday loans (Los Angeles Times)
WASHINGTON -- Banks around the country have issued more than 3,000 small loans as part of a pilot program by the Federal Deposit Insurance Corp. exploring alternatives to payday lending.
'Yes' vote will mean 'no' to payday-lending excess (The Columbus Dispatch)
Shall Section 3 of H.B. 545 be approved? If you know the answer, congratulations, you're ready to vote in November to determine the fate of payday-lending interest rates in Ohio.
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