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Oregon fines online payday lender $90,000 for violating state laws, charging interest of more than 357%
The Department of Consumer and Business Services orders Global Payday Loan to stop operating in Oregon.

Read more on The Oregonian

How bad is it? Pawn shops, payday lenders are hot
share: digg facebook twitter NEW YORK (AP) — As the jobless rate inches up and the economic recovery sputters, investors looking for a few good stocks may want to follow the money — or rather the TV, the beloved Fender guitar, the baubles from grandma, the wedding ring. [...] firms typically provide high interest loans — due on payday — to people who can’t borrow from traditional lenders …

Read more on seattlepi.com

Despite Turbulence in the Industry, PayDay2Go Keeps Providing Quick, Easy Payday Loans
Colorado’s House Bill 1290 was meant to reform the payday lending industry in a way that protected the consumer. Instead, it has nearly eliminated that type of lending in the state. At PayDay2Go, they recognize the industry’s turmoil and remain true to providing a quick and easy lending process. (PRWeb June 17, 2011) Read the full story at http://www.prweb.com/releases/2011/6 …

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St. George freezes payday lenders
ST. GEORGE – There are nearly 20 payday loan providers in St. George, and city officials are determined to keep that number from rising.

Read more on The Spectrum

Senate approves new rules for payday loans
The Associated Press The Associated Press AUSTIN, Texas Legislation requiring payday loan providers to post interest rates, fees and terms of service took another step forward in the Texas Legislature. State senators voted approval Monday for the measure, which now returns to the House. The bill would require loan companies to display the disclosures prominently and advise the public that a …

Read more on Washington Examiner

Espada’s payday Mayday
Pity poor Pedro Espada. The former state senator indicted on federal charges of looting his Bronx health-care clinics is sniveling that he can’t make a living. Espada — who lives in an $800,000 Westchester house with a swimming pool and drives a $95,000 Mercedes — recently asked…

Read more on New York Post

Payday lenders target military families
Members of America’s military face threats to life and limb around the world every day, but it’s a domestic threat that has recently put the top brass on the offensive on the home front —predatory lenders.

Read more on MSNBC

GOP proposal would cap interest on payday loans
Interest rates on payday loans would be capped at 36 percent under a proposal Republicans are circulating in the Wisconsin Legislature.

Read more on WKBT La Crosse

A measure limiting how much payday lenders can charge customers has passed first-round approval in the Missouri House
The measure needs a second House vote before it goes to the Senate The Missouri House has given first-round approval to a measure limiting how much payday lenders

Read more on KSPR Springfield

Utica city workers get unpleasant payday surprise
Utica city employees who use direct deposit got an unpleasant surprise this payday: The amount they were supposed to receive in pay was actually subtracted from their account.

Read more on YNN Syracuse