payday loan news

GREAT JOB !!!!!!!!!!!!!YOU HAVE MADE A DIFFERENCE IN WV!!!!!!!! I know how hard you have been working at that! :D

Aah!! It gives a hope that illegal things don't last for long. Everyone has to pay for their doings. I hope these companies go through the worst times because they forced innocent people go through hard times in their rough days.

kyside38, thanks for staying strong and representing people in your state.

To all who posts that it won't do any good to complain about the unfairness of the pdls, HERE is proof that all complaints received does bring attention to them and states are finally doing something about them. Excellent job kyside!

And this also shuts down the mouth of those illegal lenders who say "We are doing nothing against the laws." Cut the crap!!

Kyside you have been a great help to many!! Good job!!

Great Job Kyside38 :D

Awesome!!! Kyside, you are tireless, this is fantastic. Great job.

I am glad, especially to see Ambassador Financial dba nationwide cash on there, because they have been giving me a hard time, Hope Florida goes after them too..

I want to thank all of you for the kind words. But dont you know that it is all of our victory. I could not have done any of this without you all. I wont even try to name names because I will forget somebody. This site is so valuable. I have did a lot of research here and with your guys help I sent the complaints in. Everybody here is responsible for this. Thank You so Much!!!!!!! KYSIDE38

kyside,

You've done a tremendous thing in West Virginia. I applaud you on your efforts. I'm glad to hear they are going after so many at once. Tammy, yes the complaints do count. I sent a second/third round into the consumer protection office in my state after I read an article on this forum. It was in reference to payday lenders here, mainly internet ones who do not follow the state laws. I'm glad to see this. I agree that we can make a difference :-) I think a lot of things have changed since last winter. I hope these internet lenders realize that they are no longer invincible. :-)

way to go kyside, I only hope that in this next year I can accomplish what you have done in WV for TN

That IS great news!! Way to go Kyside.

Maybe the loan companies being sued by West Virgina's Attorney General, are going to counter sue that state, based on internet law, jurisdictional issues. If a lender has a license in NM, or DE, that is where the transaction occured, and in those states, the loan is perfectly legal. IF you buy something on EBay, and you live in Georgia, but the Ebay server is in Florida, and the person you bought the item from lives in california, where did the transaction occur? West Virginia's Attorney General has no shot. Maybe he is up for re election, and given the timing of the news, one can see his cynically transparent motives. His expectation is that given the IQ of his electorate, which is similar to the IQ of those on this forum, he can appeal to those dumb enough to vote for him. Maybe the AG of WV should worry about all the miners that die in his state, from dangerous and abusive workplace safety violations.

Hey Shadow they are everywhere, every state and eventually this industry will be shut down, not a threat, a promise

WISCONSIN Payday loan company settling lawsuit for $1.4 million
Milwaukee Journal Sentinel, The, Mar 29, 2002 by NICOLE SWEENEY

CANADA High court dismisses bid by payday loan company to avoid lawsuit

PENNSYLVANIA Governor Rendell Announces Lawsuit to Protect PA Consumers Against Payday Loan Company
Banking Department Files Complaint Against Advance America in Commonwealth
HARRISBURG, Pa., Sept. 27 /PRNewswire/

CALIFORNIA Attorney General Files $2 million Lawsuit Against LA Payday Loan Business

COLORADO ATTORNEY GENERAL SALAZAR ANNOUNCES LAWSUIT AGAINST PAYDAY LENDER IN NATIONAL TEST CASE ON PRIMACY OF STATE CONSUMER PROTECTION LAWS
07/16/2001

TEXAS State sues El Paso payday lender, claims loan shark operation
May 23, 2006 - El Paso, Texas

FLORIDA Thursday, July 20, 2006
Lawsuit Filed Against Florida Payday Loan Company for Lack of Disclousure
By Desmond Carlisle

ILLINOIS EDELMAN, COMBS & LATTURNER SUES PAYDAY LENDER FOR ISSUING "ATTORNEY GENERAL" COLLECTION LETTERS

WASHINGTON Payday loan company agrees to state fines Inquiry centered on illegal practices
By CANDACE HECKMAN
SEATTLE POST-INTELLIGENCER REPORTER

MASSACHUSSETTS State orders ???????payday???????? lenders to pack it up
By Jay Fitzgerald
Boston Herald General Economics Reporter
Friday, May 26, 2006 - Updated: 01:59 AM EST

and those were just headlines from the 1st two pages of web hits in regards to lawsuits and the payday loan industry.

We who have been ripped off by this so called industry will not go quietly in the night, we are MAD as hell and we aren't going to take it anymore

Bring it on!

Hey Shadow, It is definately possible that the payday loan companies will try to counter sue. They have tried it before and failed. Which one of the payday companies do you represent and I will be sure to tell AG to shut you down as soon as he can. Shows you how much you know he has already shut down 18. If they are so right that they have jurisdiction then why are they caving? Also Attorney General is not up for re-election here. The elected officials here are very caring about the miners. The remarks you made were idiotic and when you get the behind to be a coal miner then maybe you can talk. Until then WV is proud of its leadership. Also if you are so smart check the federal law on jurisdiction for payday loans. KYSIDE38

What the F@*$! You sick twisted B@$t@d!!! Good job Kyside, screw this moron who hides behind "shadows" whatever.Don't get me started. And many states are coming down on those who purchase goods via the internet. OH has actually tracked OH consumers who purchase cigarettes via the internet and bypassing paying the taxes on them, guess what, those consumers are getting their tax bills in the mail and will have to pay up. I suggest you polish up that resume or be prepared to stand in the welfare and unemployment line because that day is coming sooner than you think. I can not even believe some idiot had the nerve to compare a tragedy such as mining deaths with this, that is sick. And as sad as that is, there are still issues that need to be resolved in govt. and govt. must continue and make decisions that effect their citizens. I am probably not even making sense and rambling, I am just sick about that comment.

There is a case occuring in Kansas which will hopefully set the precedent of what Shadow is saying.

The point is thaat 90% of internet PDL's are not licensed anywhere.

awesome response to this guy, Kyside. He ain't worth it.

Shadow your an idiot!!! Just plain and simple. You have nothing else better to do. Go ahead and stick up for these no good pdl companies. You'll be soon to hit the unemployment line. You know the thing that is funny is that these people that work for these pdl companies think that what they are doing is legal. You too can be sued for the harrasing phone calls that you make.

Shadow. Another lurker that attempts to twist the law to make it look like they are no committing any offense.

The fact and business of eBay has nothing to do with internet PDLS. you are comparing apples to oranges. The law of each state are fairly clear. Becuase they are a business providing a financial loan, they are governed by the state the transaction occurs, not where they are located. It is the same reason a lawyer must pass the bar in the state that he is practicing. Just because he passed the bar in OH doesn't mean he can provide his service over the phone to someone in CA.

Now go back and read the law carefully. And then don't come back.

I am wondering if the shadow works in the pdl industry. I don't think using an E-bay analogy with payday lending is really the best way to look at it. The laws are simple in each state. No, the transaction does not take place in the state of the lender, it takes place in the state of the consumer. I have had this confirmed on numerous occassions by different AG's offices. I know they all can't be full of crap. In my state it is illegal to lend money to a consumer here without being licensed. It's the law, read up on if you want. Also, my state is also cracking down on internet lenders. I'm glad to see this type of change :-)

Quote:

LCW,

I'm sure that you can make the changes need in New Mexico if you move back there. It sounds like it needs to be done when some of these loan sharks seem to be hiding out there. Good luck :-)

I read in the Asheville Citizen-Times on Nov 9, 2006
that the payday loan companies agreed to pay 60,000
to Consumer credit counseling to help individuals
settle their accounts.

Janice,
That certainly is good news, and to quote an old radio catch phrase, guess "The Shadow" doesn't know after all, right?

Hey Guys Just an update. The lawsuit is going well one has already caved. I dont care what the Shadow said he is just from a payday company. We all know we get them here. LCW if anybody can lead the fight in NM you can!!!!! KYSIDE38

Kyside, that's great news! I know the others will follow suit. It's just a matter of time - you're next, Shadow - watch out!

kyside,

That is good news! Can you pm me to let me know who it is? I would appreciate it :-)