Apr 28 Investigations As Ky. Payday Lenders See Business Dropping, Industry Seeks Forgivable Loans If granted, the lawmakers’ request would allow payday lenders offering annual interest rates as high as 469% to tap into forgivable loans with a 1% interest rate. By Jared Bennett Apr 28 Investigations As Ky. Payday Loans Drop, Industry Seeks Forgiveable Loans Jared Bennett
Jan 2 Economy Payday Lenders In Kentucky Made $117 Million In Fees In 2015 A new report from the bipartisan Task Force On Vulnerable Kentuckians says payday lenders in Kentucky made $117 million in fees in 2015. By Roxanne Scott Jan 2 Economy Report: Payday Lenders In Kentucky Made $117 Million In Fees In 2015 Roxanne Scott
Feb 17 Local News In Depth: Lawmakers Again Reject Payday Loan Interest Cap For three years, Louisville Representative Darryl Owens has been trying to convince his colleagues to place a 36 percent annual cap on payday loans. But his bill never went anywhere. It never even got a committee hearing, until now. By Tony McVeigh Feb 17 Local News In Depth: Lawmakers Again Reject Payday Loan Interest Cap Tony McVeigh
Feb 16 Local News Bill Capping Payday Loan Interest Fails To Pass For three years now, Louisville Representative Darryl Owens has been trying to cap the APR on payday loans in Kentucky at 36%. But his bill never went anywhere. It didn’t even get a committee hearing, until now. But after hearing payday lenders argue they provide a valuable service to Kentuckians with nowhere else to turn for small, short-term loans, the House Banking and Insurance Committee voted 13-10 against the bill. By Tony McVeigh Feb 16 Local News Bill Capping Payday Loan Interest Fails To Pass Tony McVeigh
Feb 7 Local News Owens Continues Attempts To Cap Payday Loan Interest At 36 Percent A Louisville lawmaker is again trying to put a 36 percent annual cap on payday loans in Kentucky. The bill, sponsored by Representative Darryl Owens, went nowhere in two previous legislative sessions. Owens expects to at least get a House committee hearing this year. By Tony McVeigh Feb 7 Local News Owens Continues Attempts To Cap Payday Loan Interest At 36 Percent Tony McVeigh
Oct 13 Local News Consumer Advisory Council Holds Forum On Payday Lending The Kentucky Consumer Advisory Council held the first of three public forums on payday lending Wednesday in Louisville. The forums come after repeated calls for more regulation on the payday loan industry. By Gabe Bullard Oct 13 Local News Consumer Advisory Council Holds Forum On Payday Lending Gabe Bullard
Dec 31 Local News New Payday Lending Regulation Begins In 2010 Regulators in Kentucky will have new power to pursue unscrupulous payday lenders starting Friday, as parts of a law passed in March take effect. By Gabe Bullard Dec 31 Local News New Payday Lending Regulation Begins In 2010 Gabe Bullard