WASHINGTON – Today, Campaign for Accountability (CfA) announced that the Supreme Court of Georgia is planned to know

dental arguments on Monday in CfA’s instance from the credit rating analysis Foundation (CCRF), a payday lending nonprofit that funded a good scholastic research by way of a teacher at Kennesaw State University.

CfA Executive Director Daniel E. Stevens stated, “The payday financing industry got caught red handed attempting to purchase favorable scholastic studies to bolster its main point here. Struggling to protect their exploitive methods, payday lenders have now been paid down to purchasing supporters. This lawsuit shows the lengths to that the industry shall head to avoid Us americans from learning the way they run.”

On June 10, 2015, CfA delivered a Georgia Open Records Act demand to Kennesaw State University, looking for communications between CCRF and Jennifer Lewis Priestley, a teacher of Statistics and Data Science at Kennesaw State University, about her 2014 research on cash advance rollovers. Kennesaw State University received a grant installment loans IN from CCRF for Priestley to conduct the research, which argued that clients whom frequently increase their loans that are high-interest better monetary outcomes compared to those whom pay back their loans quickly. Continue reading

Payday loan provider seeks modifications to Ohio pawn legislation to cut competition, raise loan rates

A lender that is payday operates nearly 50 % of the pawn stores in Ohio really wants to alter state legislation to remove competition for the stores and quadruple the amount that bad customers buy pawn loans.

Money America, which owns Cashland pawn stores, would like to improve the state limit on pawn loans from 5 per cent a thirty days to 20 %.

In addition, money America proposes competition that is limiting pawn stores. A new pawn shop would be barred from opening within two miles of an existing pawnbroker in large cities like Cleveland, Columbus and Cincinnati. Continue reading