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Hearing on Predatory Lending: Kucinich Opening Statement

admin - December 30th, 2008.

The Oversight Subcommittee on Domestic Policy takes an in-depth look at the predatory mortgages, payday loans, and foreclosures that plague inner-city America. This will be the first in a series of hearings Subcommittee Chairman Kucinich plans to hold looking at various issues afflicting urban America.

Police: Man Places Gun In Box, Robs Payday Loans Store (NBC 6 Miami)

Police are investigating after they said a man robbed a payday loans store in Miami then fled the scene.

Payday lender asks NH OK on high-interest loans (Boston Globe)

A payday lender that says it can’t make enough money under a new interest rate cap in New Hampshire now wants the banking commissioner’s permission to change its loan offerings — but not the high rates it charges.

State law may bar high-interest loans by payday lender (The Nashua Telegraph)

CONCORD — A payday lender that says it can’t make enough money under a new interest rate cap in New Hampshire now wants the banking commissioner’s permission to change its loan offerings — but not the high rates it charges. … - By NORMA LOVE The Associated Press

Payday lender asks NH OK on high-interest loans (WCAX-TV Vermont)

Associated Press - December 29, 2008 4:35 PM ET CONCORD, N.H. (AP) - A payday lender that says it can’t make enough money under a new interest rate cap in New Hampshire now wants the banking…

Payday lender hopes to dodge rate cap (Concord Monitor)

The lights have gone out at Main Street Payday Advance in Concord. A sign posted on the door explains that the store is closed “due to recent legislation passed by your elected officials!”

Payday lender seeks approval for lines of credit (The Post and Courier)

CONCORD, N.H. A South Carolina-based payday lender that says it can’t make enough money under a new interest rate cap in New Hampshire now wants the banking commissioner’s permission to change its loan offerings but not the high rates it charges.

Monday is payday for Chrysler, GM (WABC-TV New York)

Monday is payday for two of Detroit’s Big Three automakers.

Payday loans an $8 billion U.S. industry (UPI)

CLEVELAND, Tenn., Dec. 24 (UPI) — U.S. residents pay up to $8 billion annually to secure payday loans as the financial service has exploded in popularity nationwide, officials say.

County collects loans for lenders (Montgomery Advertiser)

SCOTTSBORO — Deputies in a northeast Alabama county are helping payday lenders by tracking down delinquent borrowers and arresting them.

Payday: Chrysler, GM Get Their Billions (ABC News)

Automakers to receive a $13 billion-plus bailout first thing this week.

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