Payday Pundit

Legislators in California have debated the issue of payday lending and are in agreement that consumers need reasonable protections, but to prohibit payday lending wouldn’t help anyone.

I think that there is need for increased consumer protection. And I’d like to see, but I’m not interested in seeing a prohibition,” said Assemblywoman Liz Wolfe.

To see poor journalism at its finest, watch Michael Finney, from Sacramento’s KGO ABC 7,  and the anchors chit-chat before and after the story.  Their comments demonstrate they have not only never used a payday loan, but did not take the time to speak to any customer who had.