PHOENIX -- The defeat of Proposition 200 at the polls has left the payday loan industry with a two-word question: Now what? Doing nothing is not really an option, as it would put the lenders out of business in less than two years.
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ST. LOUIS — While the nation's money meltdown has made it difficult for even dependable borrowers to get credit, fast cash continues to be just a short walk away in some neighborhoods.
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Australia's leading online payday loan company, Cash Doctors, implement new and improved website design.
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Check 'n Go, a leading payday loan lender, refreshed its Web site to enable easier navigation throughout the site, and added a Resources center for additional information on how to save money. The newly improved Web site, www.checkngo.com, was launched in late November 2008.
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As expected, some in the so-called payday loan industry have announced they will close a combined 79 stores in Ohio after the passage of a state ballot issue that meant payday loan interest rates were capped at 28 percent. But several lenders, including those that will close stores, are launching new types of loans that carry origination fees. Others will focus on other services to maintain ...
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Law enforcement is gearing up for what could be a busy holiday season of armed robberies. A payday loan business on Airline Highway, which is just down from Earl K. Long was targeted Thursday morning.
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Another chain of Ohio payday loan stores is announcing store-closings and job layoffs. It comes in the aftermath of Ohio voters okaying a crackdown on the short-term loans the stores offer. Statehouse correspondent Bill cohen reports.
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