Texas Payday Lending News: Headlines for August 21, 2014 Texas Payday Lending Headlines Aug 21, 2014 0 10012 Can Reengineering the Pay Cycle Disrupt Payday Lending? – American Banker (subscription) From www.americanbanker.com - Today, 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. Service Members Left Vulnerable to Payday Loans From dealbook.nytimes.com - Today, 1:33 PM Officials say many predatory lenders have steadily found ways around the Military Lending Act, a law that was meant to stop them. Activists to unleash Shark Week attack on… – The Hill From thehill.com - August 12, 12:18 PM Activists to unleash Shark Week attack on… John Oliver’s alternative to payday loans? Literally anything else – Death and Taxes From www.deathandtaxesmag.com - August 12, 12:16 PM John Oliver’s alternative to payday loans? Payday loan case showcases brutal interest rates in an industry under fire – Kansas City Star From www.kansascity.com - July 16, 10:04 PM Kansas City Star Payday loan case showcases brutal interest rates in an industry under fire Kansas City Star In January 2011, finding herself in need of some financial assistance after the holidays, she had taken out a $600 “payday loan” from an… Texas Company to Pay Millions Over “Predatory” Lending … From texaspolitica.com - July 16, 10:01 PM Texas-based payday lender ACE Cash Express has agreed to pay $10 million to settle allegations by the federal Consumer Financial Protection Bureau that it used harassment and other illegal tactics to push borrowers into a … New study: Payday loans hurt many, help few – KSAT San Antonio From www.ksat.com - July 9, 1:49 PM KSAT San Antonio New study: Payday loans hurt many, help few KSAT San Antonio A new study shows people taking out payday or auto title loans end up paying huge amounts of interest and fees while stretching out their debt for many months. Payday loans collapse after interest cap | Yle Uutiset | yle.fi From yle.fi - July 9, 1:41 PM Statistics Finland says that the number of payday loans issued in Finland is just a quarter of what it was in 2013. The collapse in lending follows the introduction of new rules limiting the amount of interest companies can … ‘Shark Week’ protest to rally against fishy lenders From www.redeyechicago.com - Today, 1:34 PM The Discovery Channel’s annual “Shark Week,” airing through Saturday, teaches viewers all about great whites and hammerheads—but that’s not the kind of shark that activists plan to protest in Springfield on Wednesday. Is ActiveHours A True Payday Alternative Or Just Another Too-Good-To-Be-True … – The Consumerist From consumerist.com - Today, 1:28 PM Is ActiveHours A True Payday Alternative Or Just Another Too-Good-To-Be-True … The Consumerist active hours We’re largely a society built on convenience: fast food, one-stop shops and other we-need-it-now services. Payday lenders use high interest rates to prey on working poor – Tuscaloosa News (subscription) From www.tuscaloosanews.com - August 12, 12:18 PM Payday lenders use high interest rates to prey on working poor Tuscaloosa News (subscription) Too late he sees the hook: a 456 percent annual percentage rate for payday loans or a 300 percent APR for title loans. Sarah Silverman Talks Payday Loans On ‘Last Week Tonight,’ And It’s Brilliant … – Bustle From www.bustle.com - August 12, 12:16 PM Sarah Silverman Talks Payday Loans On ‘Last Week Tonight,’ And It’s Brilliant … Bustle Maybe you’ve never heard of them, but according to John Oliver, payday loan establishments are more prevalent in America than McDonald’s and Starbucks. ‘We’ve got ‘em on the run’: Texas cities work to rein in payday loans From www.washingtonpost.com - July 16, 10:02 PM The Lone Star state has almost no limits on the small-dollar loan industry. Some municipalities got fed up. Why the Postal Service Should Offer Banking Services From www.usnews.com - July 16, 9:58 PM More than a quarter of all American households – about 68 million people – rely at least in part on nonbank financial services like check cashing or payday lending. These unbanked and underbanked households pay more – a lot more – for the kinds of basic financial services the rest of us take for granted. In 2012, the average income for these families was about $25,500, and they spent an average of $2,412 just on interest and fees for nonbank financial services. That was just under 10 percent of their annual income – or about the same amount as they spent on food. Credit unions to offer instant online approvals as ministers clamp down on payday loans industry From www.independent.co.uk - July 9, 1:45 PM Credit unions are set to take on payday loans firms by offering instant online approvals from next year. Will the Government Finally Regulate the Most Predatory Industry in America? From www.thenation.com - July 9, 1:40 PM The Consumer Financial Protection Bureau is poised to issue regulations for businesses that offer small-dollar, short-term loans. Will they be strong enough? (Will the Government Finally Regulate the Most Predatory Industry in America? Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.