By Christian Mullins
Executive Summary:
New Hampshire Governor John Lynch signed a bill into law that will cap the rate payday and auto title lenders can charge at 36%. Payday lending had been available in the state since the year 2000. The new law will go into effect on January 1, 2009. New Hampshire now becomes the 15th state, along with Washington D.C., to restrict rates at or around 36%.
International Summary:
- Nothing to report today.
Robbed:
- Katema Credit Union, El Cajon, California, Tuesday. Three masked gunmen entered the credit union and ordered everyone on the floor. They fled in a Ford Taurus with an undisclosed amount of cash. No one was injured.
- Consumers Credit Union, Coldwater, Michigan, Monday. A fifty-something man robbed the credit union branch Monday afternoon. While no one was injured, no further details are available.
- Tucson Federal Credit Union, Tucson, Arizona, Tuesday. A young man entered the credit union and asked a teller for loan information. He began acting suspiciously and demanded cash. A weapon was implied but not displayed. Police are questioning a possible suspect in the robbery, but no arrest has been made at the time of posting.
They Fought The Law, And…
- After a five hour standoff with police resulting from the robbery of Premier Services Credit Union in Salt Lake City, Utah, 6 individuals were taken into custody. A tip lead police to a house containing weapons and a methamphetamine lab. In all, it is believed that four men, one woman, and one juvenile was arrested.
Posted by Christian Mullins 