Payday Pundit

This weekend story from the Chicago Tribune on Internet lending drew a sharp rebuke from NewsBusters, a media watchdog group.  NewBusters story begins:

The risks and benefits of so-called payday lending are certainly worthwhile of media coverage, and genuine instances of fraud or exploitation are and should be fodder for criticism in the print media. But it helps when your highlighted victim actually has good credit to start with and/or isn’t consistently turning to Internet loans to supplement income.

The rest of NewsBusters piece is here.