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Payday lending law argued before Supreme Court (Arkansas News Bureau) By Rob Moritz Arkansas News Bureau LITTLE ROCK - The state law that regulates the payday lending industry in Arkansas should be stricken as unconstitutional because it allows companies to make loans to consumers at interest rates that exceed the state's 17 percent usury limit, a lawyer for opponents of the law argued Thursday before the state Supreme Court. Keep it simple: Vote yes on Issue 5 to lower payday loan rates (The Cleveland Plain Dealer) Sheryl Harris writes this column in The Plain Dealer on Sundays.Previous columns onlinePLAIN DEALINGA weekly column about consumer affairsThey rarely want to share their names. They're too embarrassed. They didn't have enough money in their pockets. Then they took... Yes vote on Issue 5 caps interest rate at 28% for payday loans - Sheryl Harris' Plain Dealing (The Cleveland Plain Dealer) They rarely want to share their names. They're too embarrassed. They didn't have enough money in their pockets. Then they took out a loan that at first glance seemed cheap - a $15 fee per $100 borrowed - and only afterward discovered the repayment trap. Payday lending law argued before Supreme Court (The Morning News) LITTLE ROCK -- The law regulating the payday lending industry in Arkansas should be stricken as unconstitutional because it allows companies to make loans to consumers at interest rates that exceed the state's 17 percent usury limit, a lawyer for opponents of the law argued Thursday before the state Supreme Court. Hill wants limits on payday loans (Deseret Morning News) Democrat Jean Welch Hill proposed Thursday to tighten restrictions on payday lenders, in sharp contrast to her opponent, incumbent Attorney General Mark Shurtleff, who is an outspoken defender of that industry. Payday Loans (FOX 30 Jacksonville) They seem like an easy way to get money fast, but fast cash comes at a price. Industry behind payday-loan reform ads (Arizona Daily Star) PHOENIX ? Jack LaSota is taping radio ads and phone messages urging Arizonans to vote for Proposition 200, saying that as a former state attorney general, he knows "the payday loan industry needs to be reformed." Payday Lending Law Argued Before Supreme Court (Times Record) LITTLE ROCK ? The state law that regulates the payday lending industry in Arkansas should be stricken as unconstitutional because it allows companies to make loans to consumers at interest rates that exceed the state?s 17 percent usury limit, a lawyer for opponents of the law argued Thursday before the state Supreme Court. Ark. court hears arguments on payday lending law (AP via Yahoo! Finance) A 1999 Arkansas law opened the door for payday lenders to charge triple-digit interest rates in violation of the constitution, attorneys told the state's highest court on Thursday. Issue 5: the need vs. greed debate (The Columbus Dispatch) Ohioans will decide on Tuesday whether lenders should continue offering short-term payday loans in this state. |
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