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March 2007
March 19, 2007 - Montgomery, Alabama
Starting later this year, payday lenders who prey on the working poor in Alabama, charging unconscionable interest rates of 450 percent or more, won't be able to do so for those Alabamians who serve in the military.
March 18, 2007 - Atlanta, Georgia
When the Georgia General Assembly opened for business in January, representatives of the payday lending industry walked in the Capitol's door, eager for another battle. For the industry that extends a few hundred bucks until a worker's next payday, the return to Georgia was a bold move. Three years earlier, lawmakers handed the high-interest lenders one of their worst defeats ever by passing a bill that shut down every payday lending outfit in the state.
March 18, 2007 - Phoenix, Arizona
The state's payday lenders have agreed to sharp new curbs on their practices and fees in exchange for ensuring they are not forced out of business in three years.
March 18, 2007 - Concord, New Hampshire
Negative perceptions about payday loans really aggravate Megan Tracy, a 42-year-old Concord woman who lives on a month in Social Security and disability benefits.
March 16, 2007 - Santa Fe, New Mexico
A compromise bill to impose new regulations on the payday loan industry passed the Senate in a 37-5 vote Thursday and will now go to Gov. Bill Richardson, whose office helped broker the deal.
March 16, 2007 - Santa Fe, New Mexico
A compromise bill regulating payday lenders has cleared the Legislature and is now awaiting the signature of Gov. Bill Richardson so it can become law.
March 15, 2007 - San Francisco, California
The reforms aimed at African-American and Latino borrowers seeks to educate customers about the use of payday loans, voluntarily limits advertising and offers a once-a-year break to borrowers who don't pay back loans quickly.
March 14, 2007 - Charleston, West Virginia
West Virginia Attorney General Darrell McGraw announced a settlement agreement with four affiliates of the nation's largest payday lender, Advance America, Cash Advance Centers, Inc. ('Advance America') of Spartansburg, South Carolina. The companies agreed to cease engaging in certain debt collection practices that concerned McGraw's office.
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