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Updated on Wednesday : August 20, 2008

 

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Pilot program allows banks to explore short-term loans (Honolulu Advertiser)
WASHINGTON — Banks around the country have issued more than 3,000 small loans as part of a pilot program by the Federal Deposit Insurance Corp. exploring alternatives to payday lending.
You can pull your name if you regret signing payday lenders' petition - Sheryl Harris' Consumer Wise (The Plain Dealer)
It's not a surprise to hear the payday lending industry might not be playing fair in its efforts to overturn HB 545. The bill barred payday lenders from charging the obscene 391 percent annual interest rates with which they gouged consumers looking for short-term loans.
Payday Lenders' High Rate Won't Be On Ohio Ballot (WTOV 9 Steubenville)
Payday lenders won an argument with the Ohio Ballot Board today that they couldn't win with the Legislature. Payday loans won't be described using the extremely high annual percentage rate that has come to define the industry.
Payday lenders' high rate won't be on Ohio ballot (Coshocton Tribune)
COLUMBUS - Payday lenders won an argument with the Ohio Ballot Board Thursday that they couldn't win with the Legislature - that payday loans shouldn't be described using the high annual percentage rate that has come to define the industry.
Payday lenders’ high rate won’t be on Ohio ballot (The Elyria Chronicle-Telegram)
COLUMBUS — Payday lenders won an argument with the Ohio Ballot Board Thursday that they couldn’t win with the Legislature — that payday loans shouldn’t be described using the high annual percentage rate that has come to define the industry. The panel that decides how ballot issues are worded ...