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SAFE Lending Act Filed to Stop End-Run Around State Law

SAFE Lending Act Filed to Stop End-Run Around State Law

Many online lenders think they are immune to state laws  - The Stopping Abuse and Fraud in Electronic Lending Act … Read more

Beware: Online Payday Loan Traps

Sep 12, 2012 6:00 PM EDT

By Gray Hall – bio | email

RICHMOND, VA (WWBT) -

Local consumer advocates … Read more

Virginia Becomes Hub for Risky Car Loans

By Fredrick Kunkle

Published: August 23, 2012

When Brenda Ann Covington needed money a few months ago, she had only one big
Read more

Online ‘Payday’ Lenders Seek U.S. Oversight to Avoid State Rules

By Carter Dougherty

Jul 24, 2012 (Bloomberg)

The Internet’s “don’t-call-us- payday” lenders are making a bid for more respect in … Read more

Nationwide Pew Survey Challenges Conventional Wisdom on Payday Loans

Washington, DC – 07/18/2012

Americans spend $7.4 billion per year on payday loans, including an average of $520 in interest … Read more

Capital One to Pay $20 Million in First CFPB Enforcement Case

By Carter Dougherty and Dakin Campbell

July 18 (Bloomberg)

Capital One Financial Corp. will pay a total of $210 million … Read more

Title Loan Business Thriving in Virginia

The Virginian-Pilot Editorial

If predatory lenders had a trade publication – say, “Usury Today” – they’d undoubtedly … Read more

Internet Payday Loans: Void and Unenforceable in Virginia

Find out what your next steps should be if you have an internet payday loan.

  1. Stop any electronic access that
  2. Read more