Many online lenders think they are immune to state laws - The Stopping Abuse and Fraud in Electronic Lending Act … Read more
Virginia Becomes Hub for Risky Car Loans
By Fredrick Kunkle
Published: August 23, 2012
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.
- Stop any electronic access that … Read more
