News

• Payday Loan Regulation Way Overdue in Texas
  Lawmakers need to enact legislation to regulate the booming payday loan business in Texas. Payday and auto title lenders in Texas are not subject to rules and regulations that apply to banks and other conventional lenders. A major loophole in the law allows them to operate as credit service organizations...
• State Orders Checkmate to Shut Down Loan Program
  Washington state regulators have ordered payday lending giant Checkmate to drop its new "gift card" program, saying it violates consumer-protection laws.Checkmate's program - launched after the Legislature passed new payday lending laws last year - lets consumers borrow pre-loaded, $100 gift cards for such retailers as Safeway...