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Islamic Finance and Banking (Mohammed Amin) - Riyazi Farook

admin - November 09th, 2008.

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“Islamic property finance and conclusion”

Banks offer payday loans to customers (The Cincinnati Enquirer)

More traditional banks have begun offering customers advances on their direct deposits for a fee, a practice payday lenders equate with loans they give.

Ohio payday lenders in flux (The Cincinnati Enquirer)

Tuesday’s vote in Ohio reaffirming a 28 percent interest rate cap on payday loans has prompted some operators to leave the state, while others are mulling their options.

What will payday lenders do now? (The Oxford Press)

TROTWOOD Payday lending stores across Ohio are facing a decision: Close up shop or try to eke out a profit by making loans at 28 percent annual interest rates rather than the maximum of 391 percent permitted before the new law.

Top Arkansas Court Rules Against Payday Lenders (New York Times)

A 1999 state law allowing so-called payday lenders to charge high fees for short-term loans violates the State Constitution, the Arkansas Supreme Court ruled.

Court: Payday lending law violated constitution (AP via Yahoo! News)

A 1999 state law allowing so-called payday lenders to charge high fees for short-term loans violates the state constitution, the Arkansas Supreme Court ruled Thursday.

Casino bet fails; limit placed on payday loans (The Toledo Blade)

COLUMBUS - Ohio voters yesterday rejected a proposed $600 million casino - the fourth time plans for expanded gambling in the state have been turned down since 1990. Voters approved a new payday lending law that cuts the annual percentage rate that lenders can charge to 28 percent and limits the number of loans customers can take to four a year. A “yes” vote on Issue 5 upheld the law. Voting …

Ohio, Arizona vote to curb payday lending (Spartanburg Herald-Journal)

Published: Saturday, November 8, 2008 at 3:15 a.m. Last Modified: Saturday, November 8, 2008 at 1:07 a.m. Tuesday’s elections in Ohio and Arizona didn’t deliver the results that Spartanburg-based payday lending company Advance America wanted.

Expensive effort to extend payday loans failing by 3-2 margin (Arizona Daily Star)

PHOENIX Voters apparently don’t want to keep payday loans legal in Arizona.

State voters smack down payday loans (The Yuma Sun)

PHOENIX — Voters apparently have decided they don’t want to keep payday loans legal in Arizona.

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