Social Funds

Alabama judge dismisses payday lender lawsuit

Archive photo (Source: WSFA 12 News) MONTGOMERY, AL (WSFA) – A Montgomery County Circuit Court judge dismisses a lawsuit filed by payday lenders seeking to challenge the state’s creation of a central database to track loans . Payday loans are short-term, often high-interest loans with rates as high as 456%. …

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Payday lender settles with North Carolina AG for $ 825,000

On January 27, the North Carolina Attorney General ad that a Florida-based payday lender (lender) agreed to pay $ 825,000 to settle allegations of usury, unlicensed loaning, illegal debt collection and unfair and deceptive practices in violation of the laws of the State on consumer protection. According to the announcement, …

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City considers new rules for payday loan companies

Breadcrumb Links Local News Author of the article: Michelle ruby Release date : November 14, 2019 • November 14, 2019 • 3 minutes to read • Join the conversation Brantford City Council wants to put new limits on the number and location of payday lending establishments. Photo by Brian Thompson …

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