A bill by Sen. Ana Quezada, a Providence Democrat, to crack down on payday lenders who can charge triple-digit interest rates on small-dollar loans was scheduled for a hearing before the Senate ...

JEFFERSON CITY, Mo. -- Payday lenders would face a fresh set of restrictions, including a ceiling on interest rates, under legislation considered Monday by a Senate committee. A state law enacted last ...

The heads of major U.S. banks on Wednesday expressed tentative support for a federal interest rate cap on consumer loans, which would likely include payday and auto title loans. During a Wednesday ...

Payday loans seem like a convenient way to get some extra cash when you need it most before your next check arrives, but that convenience could come at a higher cost than you anticipated. These loans ...

During the 2008 presidential campaign, Barack Obama promised to "cap outlandish interest rates on payday loans and to improve disclosure" of the short-term, high-interest loans. After years of ...

For many years payday loans dominated the short term lending world. They offered quick cash to people who needed emergency money but at a very high cost. Traditional payday loans often came with ...

Explore safer alternatives to payday loans, including installment loans, credit unions, employer advances, and hardship ...

The legislation also would limit the number of loans a borrower could take out in a year, while enforcing loan limits using a central database. Earlier this year, two other bills that would have ...