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Payday Loan Issue

Portrait of a Subprime Lender: Allan Jones, Payday King

Gary Rivlin | Posted 05.25.2011 | Business
Gary Rivlin

How is it that there are as many payday stores in the country as there are McDonald's and Burger Kings? Part of the answer is that they have become ubiquitous wherever there's a concentration of people barely scraping by.

Payday Lending Reform Defeated By Eight 'Present' Votes

Progress Illinois | Adam Doster | Posted 05.25.2011 | Chicago

The House Executive Committee rejected Rep. Julie Hamos' (D-Evanston) SB 1435, which would have established reasonable interest rate caps and fair fin...