Loans, Business, Money Info
admin - January 19th, 2009.
Canadian Federation of Students Ontario presentation to the Legislative Assembly of Ontario Standing Committee on Finance and Economic Affairs for 2007 pre-budget consultations.
Last weeks column on the risks of payday loans ran just after a news release on the same topic. That release included a number of quotes from Maine people:
MESA Mesa will oppose any efforts in the Legislature to extend or eliminate a 2010 deadline that will end licensing of the payday-lending industry.
NASHVILLE Shirley Palmer went to payday lenders when she got behind on her bills, but she ended up in bankruptcy court anyway.
A powerful ally of payday lenders is furious over the industrys perceived end-run on new restrictions on high-cost instant loans and is vowing to block it.
High interest rates and accruing costs can lead to bankruptcy.
A powerful ally of payday lenders is furious over the industrys perceived end-run on new restrictions on high-cost instant loans and is vowing to block it. Senate Majority Leader Richard L. Saslaw, D-Fairfax, said he is writing legislation to prohibit lenders from offering so-called open-ended loans with potentially unlimited fees. Saslaws billand a similar measure by Del. G. Glenn Oder, …
Mesa will oppose any efforts in the state Legislature to extend or eliminate a 2010 deadline that will end licensing of the payday lending industry.
Brownsville police arrested a former employee of a payday loan business after an investigation into his alleged fraudulent use of information in order to get numerous loans from a previous employer.
Richard Rivera found himself in a bind last fall. The 25-year-old Marietta resident fell behind on his $400 monthly car payments and had his 1999 Honda Prelude repossessed. Rivera’s plan: Find someone to lend him $2,500 so he could pay off the car loan. He figured he’d be able to borrow the money from a bank on much better terms than his car loan, which carried a punishing interest rate north of …
The government should start a major program to subsidize personal financial advice for everyone.
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