Payday Pundit

That what the 400,000 signatures represent.  The Columbus Dispatch story is here:
“This effort was a great opportunity to hear from Ohioans, and it’s clear from this massive number of signatures there is a strong sentiment among voters that politicians need to stop killing jobs and financial choices in the state,” said Bridgette Roman, legal counsel […]

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More than 400,000 turned in.   Read about it here.
Update:  This story has more detail, including quotes from Sandy Theis, the anti-payday lending spokeswoman who used to be a flack for the strip club industry. 

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Here’s the lastest.

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Cleveland Plain Dealer has its 432nd anti-payday lending editorial out today.   It calls for voting yes on the payday lending referendum.  (Remember, a Yes is to keep the rate cap law, a NO is to repeal it.)  It think it’s fair to say that the paper is worried that the law is going to be […]

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This is about the fifth or sixth story we’ve posted in the last several weeks about a Utah city restricting check cashers and payday lenders:
Provo would become the second Utah County city to regulate the lenders, joining Salt Lake County and communities in limiting where and how many check-cashing operations can set up shop.
    While […]

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This article has us confused.   Here’s the headline: 
Economic Pinch Pushes More People to Payday Loans
Here’s the second paragraph:

The number of loans issued each month has been on the decline, according to state data, but the average loan amount has risen to $374 in the past year, compared with $350 from December 2005 to June 2006. 

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From reader Chris:
DEMOCRACY IN ACTION!!!
THIS is why I love this country!
Indeed.

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This is over the top.  In the Virginia Daily Press today,  a guest writer invokes one of the greatest men who ever lived, William Wilberforce (see the movie “Amazing Grace” to learn more), in his screed against payday lenders: 
This commission can act with the boldness of William Wilberforce, the 19th century reformer who, against the powerful opposition […]

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This reporter  thinks that payday lenders are making $3,000 loans to military personnel that cost $5,000 to pay back at 36% interest.   

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The Senator from Delaware is a good friend to credit card companies.  Seems like they’d rather have him in the Senate.  From the story:
Jaret Seiberg, a financial services policy analyst at the investment firm Stanford Group Co., said: “Credit card issuers were going to face an uphill battle if Obama won regardless of the vice […]

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