International Business News - Payday http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The number of payday lenders operating in Arkansas has dropped by about 86 percent since the state's top attorney threatened legal action over their high-interest loans, a new study says. http://www.ibtimes.com/articles/20081009/ark-down-to-just-33-payday-lenders-study-says.htm Thu, 09 Oct 2008 14:37:57 EDT Two former Ohio attorneys general and two current candidates for the job have come together to oppose an effort to repeal a strict payday lending law. http://www.ibtimes.com/articles/20081008/ohio-ags-line-up-against-payday-loan-industry.htm Wed, 08 Oct 2008 13:10:13 EDT Advance America, the largest payday loan provider in Arkansas, said it will shut down its stores in the state because of the attorney general's threat of lawsuits over its high-interest loans. http://www.ibtimes.com/articles/20080924/largest-ark-payday-lender-says-it-will-shut-down.htm Wed, 24 Sep 2008 11:14:17 EDT The payday loan industry has struck out in its initial bid to repeal Ohio's new law cracking down on how much interest it can charge customers. Secretary of State Jennifer Brunner said Tuesday the industry fell about 56,000 valid signatures short to place the issue on the November ballot. The industry now has 10 days to make up the difference. http://www.ibtimes.com/articles/20080924/paydays-fail-to-overturn-ohio-interest-rate-law.htm Wed, 24 Sep 2008 08:24:51 EDT The payday loan industry is bankrolling ballot issue campaigns in Ohio and Arizona to preserve the average 391 percent annual interest rates they charge, as the two states become the focus of industry watchers and consumer advocates. http://www.ibtimes.com/articles/20080923/all-eyes-on-payday-lending-struggle-in-ohio-ariz.htm Tue, 23 Sep 2008 05:02:01 EDT Ohio has become the epicenter of a national debate on payday lending restrictions. The payday loan industry is trying to get an issue on the November ballot in Ohio that would overturn restrictions on the interest rates it can charge. The industry succeeded in getting a similar issue on Arizona's ballot. http://www.ibtimes.com/articles/20080922/all-eyes-on-ohios-payday-lending-struggle.htm Mon, 22 Sep 2008 18:07:57 EDT Up against a multimillion dollar ad campaign, defenders of Ohio's tough new payday lending law are turning to YouTube.com. The Coalition on Homelessness and Housing in Ohio has created an online video that warns viewers not to be deceived by the payday lending industry, which is trying to repeal the law. It is also soliciting donations through a Web site. http://www.ibtimes.com/articles/20080826/backers-of-ohio-payday-lending-law-go-online.htm Tue, 26 Aug 2008 18:24:17 EDT People gathering petition signatures in an effort to repeal Ohio's strict payday lending laws are misleading voters, critics said Tuesday. In numerous cases, including several caught on audio tape, signature gatherers are telling voters that the repeal effort is intended to lower interest rates on payday loans, according to the Coalition for Responsible Lending. http://www.ibtimes.com/articles/20080813/critics-in-ohio-question-payday-lending-signatures.htm Wed, 13 Aug 2008 07:39:26 EDT A budding fight intensified Thursday as Ohio Gov. Ted Strickland, a Democrat, joined Republican leaders in a campaign to protect one of the nation's most restrictive payday lending laws. http://www.ibtimes.com/articles/20080807/ohio-governor-fights-payday-lending-industry.htm Thu, 07 Aug 2008 16:41:34 EDT Internet and out-of-state companies that market payday loans to Pennsylvanians will need to be licensed by the state by early next year, the Banking Department announced Monday. http://www.ibtimes.com/articles/20080728/pa-requires-licensing-for-internet-payday-lenders.htm Mon, 28 Jul 2008 14:57:56 EDT A third of the payday lenders that Attorney General Dustin McDaniel ordered to shut down or face the possibility of lawsuits have remained open and restructured their businesses to avoid Arkansas regulation, an advocacy group said in a report released Wednesday. http://www.ibtimes.com/articles/20080716/report-ark-payday-lenders-escape-regulation.htm Wed, 16 Jul 2008 16:38:45 EDT Payday lenders fighting to repeal a statewide crackdown on their industry on Monday sued two of Ohio's top elected officials, arguing that repeated hurdles the lenders have faced in getting the issue on the November ballot are unconstitutional. http://www.ibtimes.com/articles/20080707/payday-lenders-take-ohio-ballot-battle-to-court.htm Mon, 07 Jul 2008 17:54:33 EDT Ohio Attorney General Nancy Hardin Rogers has refused to approve petition language proposed by payday lenders seeking to overturn a law that tightens industry regulations. http://www.ibtimes.com/articles/20080620/ohio-attorney-general-rebuffs-payday-loan-industry.htm Fri, 20 Jun 2008 10:53:35 EDT A consumer activist says the payday loan industry is misleading voters in an effort to repeal a new law that puts restrictions on lenders. Payday lenders are trying to collect enough signatures to force a vote on the issue in November. http://www.ibtimes.com/articles/20080618/ohio-activist-payday-industry-misleading-voters.htm Wed, 18 Jun 2008 14:20:14 EDT Payday lenders such as Advance America Cash Advance Centers Inc. and QC Holdings Inc. run the risk being shut out of providing the loans nationwide, according to an analyst who says the companies' stock prices don't currently reflect that possibility. http://www.ibtimes.com/articles/20080603/payday-lenders-shares-may-be-at-risk.htm Tue, 03 Jun 2008 15:58:31 EDT Gov. Ted Strickland signed a bill Monday that puts new restrictions on the payday lending industry. The law limits borrowers to four short-term loans a year and caps annual interest rates at 28 percent. The state Legislature passed the bill last month over the objections of industry leaders. http://www.ibtimes.com/articles/20080602/ohio-governor-signs-law-restricting-payday-lending.htm Mon, 02 Jun 2008 13:29:28 EDT South Carolina House Speaker Bobby Harrell sent a bill that would regulate payday lending to a House committee Tuesday, likely killing it. But advocates for the poor and elderly say they hope a compromise can be reached before the session ends June 5. http://www.ibtimes.com/articles/20080528/sc-house-speaker-prevents-debate-on-payday-lending.htm Wed, 28 May 2008 13:07:06 EDT State lawmakers are looking to tighten restrictions on payday loans after complaints that short-term lenders gouge customers with sky-high interest rates and fees. http://www.ibtimes.com/articles/20080528/ill-looks-at-plan-to-fill-payday-loan-loophole.htm Wed, 28 May 2008 12:55:23 EDT Two companies that employ about 2,200 workers in Ohio said Thursday they may be forced to shut down their operations in the state if legislation is enacted that would create one of the nation's strictest laws governing payday lending. http://www.ibtimes.com/articles/20080516/payday-lenders-may-close-stores-in-ohio.htm Fri, 16 May 2008 11:37:00 EDT Shares of payday lenders barely budged Thursday after Ohio passed a law making the business tougher in the state. Analysts said the market had already anticipated the law would pass, and the stock prices assumed little or no profit in the state from payday lending in the future. http://www.ibtimes.com/articles/20080515/sector-snap-payday-lenders.htm Thu, 15 May 2008 15:52:33 EDT