Email: 
Password: 
Register
Local News Special Report Up Close Regular Features Special Publications  
Featured Stories:  
City to cut energy use via building upgrades            |            Spokane Club to sell former Chamber site            |            Spokane-Kettle Falls bus service to begin            |            Ordinance organizer buys Cd'A building            |            Hecla takes steps to start shaft project            |            Barr-Tech eyes plant's next phase            |            IIB reports $1.5 million quarterly loss            |            Sowing a sustainable niche            |            Key Tronic adds space, prospers            |            Restaurant planned in Cd'A tower            |            New identity lifts stretch of Sprague            |            Timing of payroll system buy is bad            |            Greenstone launches commercial unit            |            Farm Credit's net reaches $34.1 million            |            Wellpinit School District plans $18 million project            |            Small Business Watch            |            Unexpected growth seen at Whitworth University            Grant to expand broadband access in rural communities            |            Personal finance software use lags consumer interest            |            Approach to learning trumps new technology for students            |            Young concern here looks to improve technology's touch            |            Wireless tower contractor sees demand climb            |            Data mining said shaping our society            Providence buys former Exit realty building at 421 S. Division            |            Generic blood pressure meds said as good as new ones            |            Even infrequent smoking can damage lungs            |            New company offers endothelial test to assess disease risk            |            U of I team taps genes to study bacteria            |            Concern's treatment-tracking system advances            |            Alpine Orthopaedics relocates to larger space near Holy Family            |            Rockwood's heart center to relocate near Deaconess            |            What if cancer-cells couldn't reproduce?            |            Stanford to launch Center for Cancer Systems Biology            |            New coating could lengthen lifespan of artificial joints            |            Membership-based clinic moves to new Valley space            |            NIC plans to offer two courses in health record systems            |            Isotope shortage threatens patient care, scientists warn            |            Researchers identify cell believed to initiate melanomas           

Search the Journal

Journal of Business

Subscriber Services

Ad Services

Editor's Desk

About Us
Local News - Local News - July 30, 2010
Payday loan outlets dwindling
Decline largely attributed to tightened regulations on industry

By Mike McLean
Of the Journal of Business

This payday loan outlet in Shadle Center is one of six Advance America Cash Advance Centers Inc. stores still operating here.
This payday loan outlet in Shadle Center is one of six Advance America Cash Advance Centers Inc. stores still operating here.
—Staff photo by Mike McLean
Payday loan centers in Spokane and throughout Washington state have declined in number since more stringent regulation of them went into effect at the first of the year.

As of mid-June, 46 payday loan outlets were operating in Spokane County, down from 56 a year earlier, and 556 payday loan locations were operating statewide, down from 698 a year earlier, says Patrick Woods, a spokesman for the Washington state Department of Financial Institutions.

DFI is hearing from...


Article Options:
Purchase Full Article - $1.50   |   Subscribe Online   |   Current Subscribers: Login


If you are a subscriber or have purchased this article, please login to view this article in it's entirety.

Subscribers have access to articles up to one year old. Purchased articles can be accessed in your account for 30 days.

Have questions or comments about this article?