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Politics Blog: Payday loan public hearing set for next weekWisconsin State Journal (blog)People will get a chance to tell lawmakers what they think about a pair of competing bills aimed at regulating Wisconsin’s payday loan industry at a public …

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CNBC

Oversight for Thriving Payday Lending Unclear in Financial ReformNewsHourAn estimated 19 million people took out payday loans from some 22000 outlets last year, generally paying 400 percent or more interest on small, …Finance Reform Bill May Exempt Payday Lenders New York Times (blog)Corker Donor Could Benefit From Payday-Loan Exemption BusinessWeekUS Sen Corker: no exemptions in new watchdog bill Reuters Huffington Post Investigative Fund (blog)  - Chattarati (blog)  - National Journal (blog)all 88 news articles »

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WASHINGTON — Sen. Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said. The industry is politically influential in his home state and a significant contributor to …

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webmaster@technorati.com wrote an interesting post today on
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Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said.

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The Better Business Bureau says hundreds of people have complained to it after signing up for payday loans at sites including OnceClickCash.com, 500Fastcash.com, rbtloans.com, Ameriloan, Ace Cash Services and United Cash Loans. The BBB says people signed up for one-time payday loans of a few hundred dollars but, once they provided their bank account information, all subsequent payments were …

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