Payday Pundit

News and Information About The Payday Lending Industry

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Wisdom on payday lending from Oregon’s Cascade Institute

May 8th, 2008 · No Comments

This piece in Oregon’s Stateman Journal on poverty is a must read.  Author Bina Patel examines the issue of wealth creation and the relationship between government policy and poverty. Money quote: 

Closing payday lending businesses, intended to protect the poor from entrapment in cycles of debt, eliminates their last possible form of available credit, leaving many struggling to handle unexpected crises.

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Tags: Oregon · Statesman Journal (OR) · industry · media coverage · positive media coverage · regulation · states

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