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FORT MYER, Va. - Everyone's heard the familiar radio spots cajoling people to take out a payday loan, which is paid back when your paycheck arrives. It sounds easy enough.
Fairview look to limit number of payday Lenders, adult oriented shops (St. Clair County Journal) Moving to restrict businesses that it sees as being detrimental to the welfare of the city and its citizens, the Fairview Heights City Council has introduced two proposed ordinances that would limit the number of payday lenders and adult use business in the city limits. N.J. needs $2B loan to pay its bills (The Record) Like a cash-strapped shopaholic reaching for a credit card before payday, New Jersey is planning to borrow $2 billion to cover expenses over the next few months including those record-high property tax rebates. Faith Community Pushes for Payday Lending Cap (WTOP Radio Network) Calling it "a moral stand, not a political campaign," the faith community Thursday called on legislators to support a 36 percent annual interest rate cap on payday lenders. Bills would clamp down on payday loan 'sharks' (Small Business Times) State Rep. Josh Zepnick (D-Milwaukee), a member of the Assembly Committee on Financial Institutions, has introduced two consumer protection bills designed to help citizens who utilize relatively new and emerging financial services of payday and auto title loans. Share Your Opinion. (0 posts)
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