payday lending

Supporters of an interest-rate cap say the current system can result in what are effectively triple-digit annual interest rates on payday loans.

It’s looking like a ballot question to limit service fees on payday loans did not qualify to go before Michigan voters this November.

A ballot campaign has filed a legal challenge to a decision by state elections officials to throw out petition signatures. The suit was filed by a campaign to put a cap on payday loan interest rates in Michigan.

The Community Development Advocates of Detroit is hosting a community conversation about the impact of payday loans on Detroit residents Tuesday…