Payday Pundit

Tim Miller from Center for Consumer Freedom in today’s Fort Myers News Press:

So what if the payday loan business isn’t the most popular or the prettiest niche of the financial services industry. For millions of customers, its availability means that the car gets an urgent repair, a critical check doesn’t bounce, or the electric bill gets paid. Considering the borrowing alternatives, a $15 flat fee for a $100 two-week cash advance doesn’t seem like such a bad deal.

Eliminating a major short-term credit option for financially stressed adults is hardly an act of mercy. We should be helping Americans find more debt management options-not taking them off the table.

As always, Mr. Miller has a way with words.