Payday Loans News
| Montana Voters Will Decide Payday Loan Laws Opponents worry an initiative to cap interest rates on payday loans could drive them out of business. Voters will decide Initiative 164 in November. Wednesday, supporters rallied in Missoula. Right now, lenders can charge more than 400% interest annually. Law Benefitted Madigan Family: Report The family of house Speaker Michael Madigan benefited from a bill to reform payday loans last spring, the Chicago Sun-Times is reporting. Initiative Seeks to Cap Soaring Interest Rates in Montana As average annual interest rates on payday loans soar at 400 percent, a new initiative seeks to make some changes to protect Montanans. Arkansas trying to shut down payday lenders Dear Action Line: Do you know anything about Arrowhead Investments Inc., which is offering payday loans over the Internet? - S.B., Tulsa. |







