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
Jun 11 Community Trump Wants To Limit Aid For Low-Income Americans. A Look At His Proposals President Trump has said repeatedly that he wants to get more people off government aid and into the workforce so they can become self-sufficient. By Pam Fessler, NPR Jun 11 Community Trump Wants To Limit Aid For Low-Income Americans. A Look At His Proposals Pam Fessler, NPR
Jul 25 Local News Payday Loan Opponent Says Prospect of Federal Regulation Won’t Deter Local Efforts The newly-formed federal Consumer Financial Protection Bureau has the power to regulate payday loans. But a Kentucky lawmaker who has repeatedly attempted to cap payday loans says the feud in Congress over the bureau doesn’t make him confident that any progress will be made. State Senator Gerald Neal, D-33, has spent years trying to cap […] By Gabe Bullard Jul 25 Local News Payday Loan Opponent Says Prospect of Federal Regulation Won’t Deter Local Efforts Gabe Bullard
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
Apr 30 Local News Payday Loan Database Up and Running from Kentucky Public Radio’s Tony McVeigh An online, real-time, database to track payday loans in Kentucky is now operational, two months ahead of schedule. Legislation capping annual interest rates on payday loans at 36-percent failed to emerge from the 2010 session. The industry argued it was punitive, since a database to track payday loans hadn’t […] By Stephanie Crosby Apr 30 Local News Payday Loan Database Up and Running Stephanie Crosby
Mar 23 Local News CLOUT Seeks To Limit Payday Loan Interest Rates A local organization is seeking to limit interest rates for payday lenders. By Gabe Bullard Mar 23 Local News CLOUT Seeks To Limit Payday Loan Interest Rates Gabe Bullard