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.

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.

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.

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.

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.

Should “Payday Loans� Be Outlawed?

Over the years I’ve seen many articles critical of the short-term financial product commonly known as a “Payday Loan.� They have been termed abusive for their high interest rates and the fact that people often have multiple loans and fall...

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.