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Proposal Would Cap Interest on Payday Loans in Montana (KFBB Great Falls) |
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HELENA, Mont. - A new initiative proposed Tuesday would cap the interest rates on payday loans in Montana.
Payday Loans Growth Likely After Card Act of 2010 (PR Newswire via Yahoo! Finance)
According to Solomon Finance, payday loans lending may increase from the result of the new Credit Card Reforms, known as the CARD act, implemented on February 22, 2010. The new act enforces some stringent rules on credit card companies to protect consumers from ambiguous credit terms, fluctuating interest rates, and uninformed decision making.
Bill to cap payday loans looks dead (The Cincinnati Enquirer)
FRANKFORT - A bill that would cap fees on payday loans appears dead, at least in the current legislative session.
Groups push for restrictions on payday loans (Great Falls Tribune)
HELENA A coalition of advocacy groups launched a ballot initiative campaign Tuesday aimed at restricting the annual percentage rates for so-called "payday" and title loans.
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