Toledo mulls limiting payday loan firms –. s Short Term Lending Act did not bar payday lenders from using other lending licenses to issue payday loans. Representatives for Cash Plus Inc., Advance America, and National Cash Advance, which operate in Toledo, did not.
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Deposit advances once were offered by banks like Wells Fargo and Fifth Third Bank. Like payday loans, they covered folks who needed quick cash in emergency situations and charged high interest rates in return. When strict guidelines.
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PHILADELPHIA (AP) — The head of a multimillion-dollar payday. term loans. Authorities say he preyed on consumers while his businesses took in hundreds of millions of dollars between 2008 and 2013 under names such as Easy Cash,
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He has said that the conversation on banning 24-hour cash-advance stores began when the council approved new restrictions in November to limit where new payday loan stores can operate. With the passage of that law, new.