State lawmakers are falling like dominos in the payday loan business. Payday loans in Columbus Ohio and the rest of the state may have been influenced by State Rep. Dan Mallory, says Franklin County Prosecutor Ron O’Brien. Investigators have been taking a good look at his activities involving these companies. Prosecutors are looking into the … Read More “Payday Loans In Columbus Ohio” »
As more and more states fight payday loan companies, Arkansas seems to have found a loophole around a loophole when it comes to illegal payday loans. Seems there are three online payday loan companies who have gotten themselves into hot water by giving out illegal payday loans in Arkansas, even though they say their companies … Read More “Illegal Payday Loans Take A Hit” »
With payday loans coming under fire from legislators and consumer groups all over the United States, another way for the poor and underprivileged to get money. When things get tight and employees need money this need has made workplace loans gain popularity. This practice has many concerned that by offering these loans, employers are taking … Read More “Workplace Loans Gain Popularity” »
loans, and many companies are using the term fast short term loans to sell these. By renaming these loans, the companies can get them to fit into the usury laws of most states. Companies are now turning the the net to write these loans. Unfortunately it is hard to tell the difference between these and … Read More “Fast Short Term Loans Replacing Payday Loans” »
Unlike several neighboring states, Ohio rules on payday lenders fall short in keeping the high interest payday loans at bay. Ohio did crack down on high interest, short term loans in 2008 by making them illegal, but really did not do much of a job enforcing the law and instead of them going away these … Read More “Ohio Rules on Payday Lenders Fall Short” »
