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ST. ANN: City caps number of payday loan companies (North County Journal)Now there are six, but at some point there will be no more than three high-interest, short-term loan companies operating in St. Ann.

Predatory Reporting? STATS Study Questions Media Criticism of 'Predatory' Payday Loans (PR Newswire via Yahoo! News) A new report by The Statistical Assessment Service (STATS) at George Mason University finds that media coverage of payday loans reflects an insufficient understanding of interest rates and other financial data. The study concludes that some news reports of stratospheric interest rates in the payday loan industry do not withstand closer scrutiny. The full study is available at: ...

CPLA Releases Cost of Providing Payday Loans in British Columbia (CCNMatthews via Yahoo! Finance) VANCOUVER, BRITISH COLUMBIA-- - The Canadian Payday Loan Association today released the first-ever detailed study into the cost of offering a payday loan in British Columbia.

PayDayFinder.com Launches New Blog Section to Accompany Its Free Directory Services (PR.com)PayDayFinder.com, the national leader for offering payday loan lender information and directions, has just launched its new PayDayFinder Blog with informative articles and helpful advice. [PR.com - July 23, 2008]

New rules offer greater protection against title loan lenders (Chicago Sun-Times)Gov. Blagojevich on Wednesday instructed the Department of Financial and Professional Regulation to file new rules to reduce the risks for people who borrow against the value of their car or truck.

New Fed rules miss one key lending abuse (CNN Money)Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.

Group says bank overdraft fees rival payday loans (The Morning News)LITTLE ROCK - As co-founder of Arkansans Against Abusive Payday Lending, Hank Klein was one of the first in the state to cry foul about the industry's use of the term "fee" to describe its charges for short-term loans.

Payday loans: are they for you? (WLUC Marquette)MARQUETTE -- For some people, it may seem like the perfect solution: take your paystub into a cash advance institution and come out with enough money to cover your bills.

Durbin seeks cap on consumer loan interest rates (Chicago Tribune)Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.

State may put limits on short term title loans (Chicago Sun-Times)New proposed rules targeting payday lenders that are designed to reduce risks for families who take out so-called title loans on their vehicles are set to be filed by the Illinois Financial and Professional Regulation Department today.