Online Payday Loans Blog

DESTRO and Baroness release their first single with Cold Slither Records. A cover of “Get Money” by Junior M.A.F.I.A.
Music Video Directed and Edited by: DR.SMOOV

By Rob Moritz Arkansas News Bureau LITTLE ROCK - The state law that regulates the payday lending industry in Arkansas should be stricken as unconstitutional because it allows companies to make loans to consumers at interest rates that exceed the state’s 17 percent usury limit, a lawyer for opponents of the law argued Thursday before the state Supreme Court.

LITTLE ROCK — The law regulating the payday lending industry in Arkansas should be stricken as unconstitutional because it allows companies to make loans to consumers at interest rates that exceed the state’s 17 percent usury limit, a lawyer for opponents of the law argued Thursday before the state Supreme Court.

A 1999 Arkansas law opened the door for payday lenders to charge triple-digit interest rates in violation of the constitution, attorneys told the state’s highest court on Thursday.

They seem like an easy way to get money fast, but fast cash comes at a price.

Democrat Jean Welch Hill proposed Thursday to tighten restrictions on payday lenders, in sharp contrast to her opponent, incumbent Attorney General Mark Shurtleff, who is an outspoken defender of that industry.

Opponents of a state law that regulates payday lenders are asking Arkansas’ highest court to strike down the 1999 act as unconstitutional.

By MARC KOVAC Review Capital Bureau COLUMBUS ” State Issue 5 asks Ohio voters whether they support or reject legislation approved earlier this year to limit payday lending in the state.

CLEVELAND — An exclusive poll conducted by SurveyUSA for WKYC-TV shows Ohioans leaning toward rejecting limits on payday lenders, and voting against Issue 5.

Ohioans will vote this election day on a plan to slap new limits on those short term loans, called “payday loans.” It’s issue 5 on the statewide ballot. Anti-poverty activists and other are backing the measure. But the owners of payday loans stores want voters to reject it. This begins a two part series on issue 5. WKSU’s Bill Cohen reports.

Bankruptcy is on the rise in Utah. Figures from the U.S. Bankruptcy Court for the District of Utah show a 41 percent increase in filings this spring compared to the same time in 2007. Also on the rise are applications for payday loans.