Widen payday loan limits


Austin, Texas - Last September, Congress passed a law that limits the rate of interest that can be charged on a loan to members of the U.S. military and their families to 36 percent.


Florida files suit to open EZPawn's records


Orlando, Florida - The Florida unit of EZCorp Inc., one of the nation's largest pawn-shop chains and payday lenders, is taking heat from state regulators who accuse it of operating unlicensed offices and stonewalling an investigation of its lending activities.


Payday loan profits may be limited


Vancouver, Washington - Washington state Rep. Sherry Appleton expects a different outcome this legislative session when she introduces two bills that could drastically curtail profits for payday lenders.