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Battle looms with payday lenders, reformers (Coos Bay World Link)
EUGENE - Pastor Tom Dodd recalls the older parishioner who was living on Social Security and became mired in debt after taking out a couple of payday loans.

Republic to eliminate get out of payday loans (Louisville Courier-Journal)
Under pressure from the Federal Deposit Insurance Corp., Louisville-based Republic Bank & Trust Co. is getting out of the payday-loan business.

Letters to the Editor (Houston Press)
School Special YES we can: As the chair of the board of trustees for YES College Preparatory Schools, I was thrilled to read your recent report on Houston's best public high schools ["These Kids Go to the Best Public High School in Houston," by Todd Spivak, March 2]. We are honored to be listed ...

Payday loan stores dodge interest cap (Deseret Morning News)
"Payday loan" stores dodged a legislative bullet Tuesday that would have limited them to charging a mere 8 percent annual interest to extend their short-term loans instead of the 521 percent median annual interest that they now charge.

 

   


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Payday loan - Wikipedia, the free encyclopedia
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Subchapter F. Alternate Charges for Consumer Loans.
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THE DEBT CYCLE: USING PAYDAY LOANS TO MAKE ENDS MEET
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Payday Lending: Do the Costs Justify the Price?  [Adobe PDF]
... borrowing patterns of payday advance customers, default losses, and store ... event of default. Table 1 summarizes the. evolution of state limits on payday loan fee maximums ...
more hits from: http://www.chicagofed.org/cedric/files/2005_conf_paper_session1_flannery.pdf  -  289 KB

Payday Loans
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http://www.chicagofed.org/cedric/files/2005_conf_paper_session1_flannery.pdf

FDIC: Guidelines For Payday Lending
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http://www.fdic.gov/regulations/safety/payday

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Glossary -- Center for Responsible Lending
Stay informed. Sign up now to receive news and updates from CRL. Glossary: Payday Terms. A borrower's ability to make timely loan payments as required, both short-term and long-term. ... Payday loans are "secured" by a borrower's personal check, which puts considerable pressure on the borrower to avoid default by renewing the loan ... the loan. Payday borrowers are ...
http://www.responsiblelending.org/glossary.cfm?cat=Payday

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