Virginia, Kentucky fights next year?
Some lawmakers want another crack at payday and title loans again in Virginia. And here’s the latest from Kentucky.
View ArticleWhat’s ahead in 2011?
Based on media reports, I’d say possible state fights in Mississippi, Virginia and Kentucky. On the federal level, of course, the CFPB will become active in July. Its first priority will be...
View ArticleLet’s explain this again
Despite repeated attempts to explain how an APR rate cap will kill the payday lending industry, a Virginia City Councilman continues his campaign to rid the Commonwealth of consumer freedom. But Jamie...
View ArticleVote in Virginia
A committee in Virginia voted against killing the payday lending industry. The Senate Commerce and Labor committee voted 10-4 to reject two proposals that would ban lenders from charging fees that...
View ArticlePoppycock
A group called Virginians Against Payday Loans tout alternatives: Of course, this is poppycock, and employers as diverse as the state of Virginia and Riverside Health System have created short-term...
View ArticleVirginia event canceled
So says The Associated Press. Not sure why though. Local leaders planning to gather in Richmond to urge legislators to cap the interest that can be charged on short-term, high-interest loans have...
View ArticleVirginia vote
A state Senate panel voted against killing short-term credit businesses. The Senate panel voted 8 to 6 to kill the proposal from Sen. John S. Edwards, D-Roanoke, which would have capped the amount of...
View ArticleHyperbole
A Virginia newspaper thinks if it fills its editorials with one-liners that sound like taglines for an Indian Jones movie it will scare people into agreeing with its views. Saslaw is sponsoring...
View ArticleVirginians: Up to 10 percent use short-term credit
Nearly 10 percent of Virginia households have used short-term credit in the form of payday, pawnshop, and auto-title loans. A study by the University of Virginia’s Weldon Cooper Center for Public...
View ArticleThanks Hinkle. Overregulation of payday loans does hurts consumers.
We couldn’t have said it any better. Talk about a reporter that gets it. Yesterday’s article in the Richmond Times-Dispatch, which took on the topic of storefront payday lending, is a perfect example...
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