Mike Ritz, R-Broken Arrow, who told KWTV in Oklahoma City that $60 million could be saved if. House Bill 1913, called the "Oklahoma Small Loan Act," was backed by the payday loan industry but opposed by a number of church.
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Oklahoma City Police nab a serial robber in the metro. In some cases, he robbed payday loan companies on more than one occasion. When the cashier asked him why he kept coming back for more, he told them because times were hard.
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OKLAHOMA CITY – Some religious leaders in Oklahoma are working to defeat a bill they say gives payday loan companies more authority. The federal government is set to enact stricter standards on these types of businesses.
The Brownsville City Commission took its first step toward combating predatory lending in the city Tuesday night as commissioners considered a new ordinance placing restrictions on payday lending and auto title loan businesses.
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OKLAHOMA CITY — The state attorney general is warning Oklahomans. consumer’s bank account information and social security number which they purchased from a payday loan company used by the victim. "Oklahomans should.
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Feb 24, 2016. In the wake of news coverage, an Oklahoma lawmaker is pulling a bill that created a new type of loan charging thousands of dollars in interest to Oklahoma's poorest residents. The bill was an attempt avoid pending federal regulation. The bill, written by Sen. David Holt, R-Oklahoma City, would have allow.
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The former owner of seven payday loan stores was convicted of securities fraud and conspiracy to commit money laundering in attracting investments through transactions that authorities labeled a Ponzi scheme. Brian McKye, 47, of.
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. struggled for years to pay off high-interest loans he took out while raising her and her sister.“I’m telling you from personal experience,” said Rep. Jason Lowe, D-Oklahoma City, “the (payday loan industry) creates a cycle of.
OKLAHOMA CITY, OK (KSWO)– Five bills dealing with Oklahoma. understanding the Free Application for Federal Student Aid; loans and borrowing money, including predatory lending and payday loans; understanding insurance;.