Payday Loans News

It’s a cycle that seems to repeat itself every legislative session in California. Advocates put forward a bill to curb the predatory practices of payday lenders. Then industry lobbyists squelch the effort, convincing state lawmakers that they’re the lenders of last resort, the only ones who...

This report is part of a series called Quick Cash, Quicksand looking at Payday loan lending in the Mission District. In a challenge to the payday loan industry, San Francisco unveiled a new micro-lending program with six local credit unions today, meant to offer a more affordable alternative for quick...

VICTORIA – The B.C. government set limits on payday loan companies Monday that places it roughly in the middle of the pack among provinces with similar rules. The maximum charges for short-term loans from payday loan companies will be capped at $23 per $100. Manitoba’s cap is $17 per $100, while...