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Payday lenders bail on states after initiatives pass

Jan 10, 2011 Todd Milner

Montana is now nearly a payday loan-free zone. After the state's voters passed an initiative in November that capped interest rates at 36 percent, nontraditional loan sources have been leaving in droves.Many lenders left the state immediately


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Councilors vie for payday loan reform

Jan 10, 2011 Todd Milner

Support is continuing to mount for further reforms and regulations on the payday loan industry, restrictions that could suffocate the business model.Three years after the Virginia General Assembly passed a series of mandates on short-term,


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U.S. Court of Appeals says bankruptcy history can be a reason not to hire job applicants

Jan 10, 2011 Matt Roesly

U.S. Court of Appeals says bankruptcy history can be a reason not to hire job applicants

In a recent ruling by the United States Court of Appeals for the Third Circuit, it was determined that a private company can legally take into account an applicant's past bankruptcy history when deciding whether or not he or she will be


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Police chief wants documents sealed

Jan 10, 2011 Matt Roesly

Police chief wants documents sealed

A police chief in one Virginia city is asking a judge to allow public court records, which were posted online, to be sealed once again, saying that the documents' release put the public in harm's way.The Times Dispatch reports that Richmond


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Consumer Protection Bureau, regulators reach deal on non-bank lending

Jan 10, 2011 Todd Milner

The Consumer Protection Bureau and state regulators reached a deal on Friday that will provide the oversight body and state-level consumer protection agencies more authority to monitor and manage non-traditional credit institutions such as


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