Payday Loans News
| Despite new law, subprime credit cards and payday loans can still be very dicey You can still get credit if your finances are a mess. It will just cost dearly. A sweeping credit card law that took effect yesterday is supposed to prevent banks from employing tactics that push borrowers deeper into debt. Yet loans and cards with crushing terms still beckon. JACKSON COUNTY | Board reconsiders stand against payday loans PASCAGOULA — Restricting the high amount of interest a quick-cash company charges its borrowers would put the company out of business, Scott Putnam told the Jackson County Board of Supervisors on Monday. New coalition fights payday loans A number of social policy groups have joined forces in a campaign to put limits on payday lending in Texas. 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. |








