Texas Payday Lending Headlines for April 6, 2015 Apr 6, 2015 0 1308 Payday Lending by Gordon Atkinson Powered by There Are More Payday Lenders in US Than McDonald’s – NBCNews.com From www.nbcnews.com - Today, 1:54 PM There are more payday lenders in the U.S. than McDonald’s or Starbucks, reflecting economic conditions in which fast money is even more important than fast f… Payday lender sues city again – San Antonio Express-News From www.expressnews.com - Today, 1:53 PM A payday lender partly owned by a state politician is again challenging a city of San Antonio ordinance that regulates the industry. Cash Stationâ€™s owners include a partnership headed by state Rep. City of Nacogdoches debating whether to regulate payday lenders – KTRE From www.ktre.com - Today, 1:52 PM Payday lending is a topic the Nacogdoches City Council wants to stay on top of, yet it falls short of falling in line with cities that have passed ordinances regulating the industry. Payday loan policy and the art of legislative compromise – The Colorado Independent From www.coloradoindependent.com - Today, 1:51 PM DENVER — De Jimenez is a single mother of three. She works in medical records and one of her children is in college. She recently took out a payday loan and she’s kicking herself, knowing she has … Christian Leaders Condemn Payday Lenders Who Con the Poor, Call For New … – Christian Post From www.christianpost.com - Today, 1:51 PM Christian leaders from virtually all denomiations gathered in the nation’s capital this week to bring attention to rampant financial damage among the poor as a result of predatory lenders. 4 banks to use NY database against payday loans – North Country Public Radio From www.northcountrypublicradio.org - Today, 1:50 PM ALBANY, N.Y. (AP) New York financial regulators say four more banks have agreed to use the state’s new database to help identify and stop illegal, online payday lending in the state.The database has information on companies subject to actions by… UNM Law Professor Nathalie Martin takes on predatory lending – UNM Newsroom From news.unm.edu - Today, 1:49 PM Lawyers are happier when they find their own purpose, according to a study released earlier this year. Nathalie Martin, University of New Mexico professor of law, has found purpose – and happiness – both in teaching and in going after predatory … Amarillo to Crack Down on Payday Loan Industry – MyHighPlains From www.myhighplains.com - August 28, 2014 2:10 PM MyHighPlains Amarillo to Crack Down on Payday Loan Industry MyHighPlains “We want to be sure people have the ability to pay the loan. We want to be sure that they aren’t rolled into a series of fees that amount to an enormous charge on these things. Military vets, investors warned about “pension advance loans” From www.sacbee.com - Today, 1:54 PM Military veterans and investors are being warned by state officials about “pension advance loans” that could be financially risky to both parties, according to the state Department of Business Oversight. Wells Fargo Accused Of Subjecting Minority & Female Borrowers To Predatory, Discriminatory Lending From sanfrancisco.cbslocal.com - Today, 1:53 PM Illinois’ most populous county is accusing Wells Fargo & Co. in a lawsuit of subjecting minority and female borrowers to discriminatory and predatory lending. Personal View: Why is payday lending still so strong in Ohio? – Crain’s Cleveland Business From www.crainscleveland.com - Today, 1:52 PM Ohio’s payday lending legislation was supposed to protect consumers from predatory lenders charging outrageous fees for small loans that had to be repaid in two weeks or less. Everyone cheered, except the payday lenders. South Dakota Lawmakers to debate payday loan changes – KSFY From www.ksfy.com - Today, 1:51 PM Opponents of payday lending may be waiting until the 2016 elections to try to end the practice in South Dakota though the state will pitch smaller regulatory changes during the upcoming legislative session. Pennsylvania Sues Think Finance, Alleging Illegal Payday Loan Scheme – The Consumerist From consumerist.com - Today, 1:50 PM Pennsylvania is one of several states with laws prohibiting payday lending, but the often predatory products still find their way to consumers via online marketplaces and companies’ claiming affili… City of Dallas unveils affordable payday lending program – Dallas Business Journal (blog) From www.bizjournals.com - Today, 1:50 PM The city of Dallas announced Wednesday the launch of the Community Loan Center of Dallas, a nonprofit that provides an affordable alternative to payday loans. Faith leaders join consumer advocates to push for lower payday loan rates – Religion News Service From www.religionnews.com - Today, 1:49 PM WASHINGTON (RNS) Dozens of faith leaders and consumer advocates are urging members of Congress to create a national 36 percent interest rate cap for payday lenders instead of the three-digit rates currently charged to people in several states. Can Reengineering the Pay Cycle Disrupt Payday Lending? – American Banker (subscription) From www.americanbanker.com - August 21, 2014 1:36 PM Can Reengineering the Pay Cycle Disrupt Payday Lending? American Banker (subscription) A couple of young companies are marketing a new employee benefit that serves the same purpose as a payday loan but costs the consumer less. Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.