PHOENIX (AP) — Another attempt is being made at the Legislature to keep the payday loan industry alive in Arizona. An amendment filed Friday for a Senate committee to consider Tuesday would repeal the current June 30 termination date now included in state law for the small short-term loans that are ...

Rarely have I seen such a distortion of a situation as in the defense of payday loans (“Payday loan industry a necessity, not an evil,” Sun News, March 4.) And I do know a family who has been involved in this trap, and it has been a nightmare.

Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said.

Consumer advocates hoped the lenders would be reined in by a new federal consumer financial protection agency, but a bipartisan proposal would largely exempt them from regulation. Payday lenders didn\'t cause the economic crisis, but consumer advocates hoped their sky-high interest rates on loans would ...

LONDON, United Kingdom----Leading payday loans broker Paydaybank.co.uk has today reported a 25% rise in loan applications via its website www.paydaybank.co.uk in the three months since the Supreme Court ruling found in favour of the banks in the OFT case regarding overdraft bank charges.