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Two years ago, you couldn’t drive more than a mile in some parts of Portland without seeing half a dozen store fronts advertising easy, quick cash. All you had to do was pay 521 percent annual interest (APR) and the cash was yours.
PHOENIX -- The defeat of Proposition 200 at the polls has left the payday loan industry with a two-word question: Now what? Doing nothing is not really an option, as it would put the lenders out of business in less than two years.
It's hard to figure exactly whether Ryan Dempster's still-fresh $52 million contract -- the first big free-agent signing of the winter -- is a good move for the Cubs or a bad one. It's hard to say whether it's just baseball business as usual or the first step toward that long-rumored economic Armageddon in the game.
The payday lending industry in Ohio will mutate because of a state law upheld by Ohio voters Nov. 4, but it won’t go away because of the restrictive rules.
Mason police said a man has admitted robbing a payday lender at gunpoint last month.
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