Mortgage And Loan Info News

Monday, January 16, 2006

Legislators consider cap on payday loan rates


Legislators consider cap on payday loan rates
OregonLive.com, OR - 20 hours ago situations even more desperate," said Rep. Debi Farr, R-Eugene, the chairwoman of the House Interim Subcommittee on Payday Loans.

Legislators eye short-term lending
Sioux Falls Argus Leader, SD - 12 hours ago Payday loans are limited to a $500 maximum and four extensions. The banking division is conducting a study of the industry's effect on consumers.

Northwest briefs
The Olympian, WA - 1 hour ago on Oregon legislators to cap the loan rates charged by payday lenders throughout the reflecting a cash-strapped public s rising demand for short-term loans.

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