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According to officials, just after 12:50 a.m., on Aug. 3, the thief broke through a wall at a Fast Payday Loans shop near State Road 7. The suspect tried opening the ATM with several tools, before smashing it open with a cinder block. The.

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Attorney General Kathleen G. Kane today announced a consumer protection lawsuit against a Texas-based company for allegedly engineering an illegal payday loan scheme over the Internet. According to the lawsuit, the defendants.

“A loan shark by any other name is still a loan shark,” said pastor Frederick Haynes of the Friendship-West Baptist Church. Within two years, Haynes claims 17 new payday and title loan companies have opened near his church,

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The Consumer Financial Protection Bureau’s rules largely reflect what the agency proposed last year for an industry where the annual interest rate on a payday loan can be 300 percent or more. The cornerstone is that lenders must now.

RICHMOND, Va. (WTVR) – The Better Business Bureau, and a Central Virginia woman, has a warning for folks about alleged payday loan service scammers. One woman believed a caller who told her that she owed money. She thought.

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Google’s decision could have as much or even more impact on curtailing the industry than any move by politicians, as many payday loans start with a desperate person searching online for ways to make ends meet or cover an.

After state bank regulators discovered several years ago that some borrowers had ended up paying cumulative interest rates equivalent to about 400 percent per year on payday loans, state lawmakers effectively closed down the industry.

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One of the UK’s major payday lenders will refund £15.4m to 147,000 customers – many of whom were given loans they could not afford to repay. Dollar Financial UK, which owns brands including The Money Shop, Payday UK, Payday.

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Another competitor, World Acceptance Corp. (NASDAQ: WRLD), which only makes loans and does not operate a pawn business, beat estimates this morning. Payday lenders are under a lot of scrutiny and many states have adopted.

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The Consumer Financial Protection Bureau’s rules largely reflect what the agency proposed last year for an industry where the annual interest rate on a payday loan can be 300 percent or more. The cornerstone is that lenders must now.

“Any kind of payday lender is a bad payday lender,” Kathleen Day, a spokeswoman for the Center for Responsible Lending, told The Observer, noting that the high-interest loans often plunge borrowers into a vicious cycle, in which.

David Lazarus of the Los Angeles Times joined us live to discuss the payday loan scams, Amazon’s E-book store.

Oct 13, 2017  · NEW YORK (AP) — Professional racecar driver Scott Tucker and his former lawyer were found guilty in federal court in New York on Friday of preying on.

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OLYMPIA, Wash. (AP) — A bill that would rewrite Washington’s payday lending laws to favor longer-term high-interest loans has stalled in a House committee after passing the Senate in a contentious vote. Senate Bill 5899, which is.

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alleging it is making illegal payday loans to Virginia consumers without having a valid state payday loan license. The Virginia State Corporation Commission (SCC) requires every payday loan lender to obtain a license before conducting.

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Please look at the time stamp on the story to see when it was last updated. Please enable Javascript to watch this video Payday loans sound like a good thing but they are far from good and could cause you many headaches down the.

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The scammers were calling people, harassing them to pay off payday loans they didn’t owe and threatening their victims with arrest. Recently a CBS4 viewer got one of the calls and contacted 4 On Your Side Consumer Investigator Jodi.

Investigators at the U.S. Postal Service say the scam is a result of some sort of breach with one or multiple payday loan organizations. They say data such as contact information, birth dates and social security numbers may have gotten.

MIAMI (CBSMiami) – South Florida Congresswoman Debbie Wasserman Schultz, chair of the Democratic National Committee, reversed herself Friday in her support of Florida’s payday loan stores and her support of delaying strict.

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