Payday Pundit

The BizJournals have picked up on the story.  

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This will certainly solve the problem of unbanked seniors using check cashers to cash their social security checks.    From the article: 
Residents now can begin signing up for the card, according to a U.S. Department of Treasury. Information about the card has been attached to all Social Security checks this month. Lancaster resident and Social Security […]

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On Friday we posted the mailer being used by Ohioans4financialreform so now we’re posting the mailer being used in Arizona by ReformAZpaydayloans.org: 
paydaymailer     
(remember to click back, not close out of the PDF file.) 

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Here’s today’s announcement from Ohioans for Financial Freedom: 
  
Ohioans Fighting for Financial Freedom
To Have Voice Heard On Constitutional Challenge
 
Columbus―The Committee of Ohioans fighting to allow consumers to have lending options in the state said today its arguments will be heard by the 10th District Court of Appeals on August 7, 2008. The group says that […]

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The far Left publication Mother Jones has an article this week criticizing the payday lending industry for supporting the Congress on Racial Equility and spending money on Financial Literacy programs.   Yes, you read that right.  The industry is being criticized for charitable contributions.  Kathleen Moore, who heads community outreach for CFSA, is quoted in the story:
Kathleen Moore, […]

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Today’s Sacramento Bee article by Claudia Buck blames payday lenders for the financial troubles many members of the military have found themselves in.  The article failes to mention that, as of October 1, 2007, payday lenders do not lend to military personnel due to the restrictive rate caps that would cause lenders to lose money on each […]

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From the CFSA Press Release:
ACCESS TO SMALL, SHORT-TERM LOANS CRITICAL FOR WORKING FAMILIES
Urban Institute report recommends better disclosures and increased competition to protect consumers
WASHINGTON, DC–A new report by the Urban Institute finds that if payday advances are eliminated they “could be replaced by alternatives that make families even worse off.”
 In “Enabling Families to Weather Emergencies […]

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Did you know if you use your debit card you may get an overdraft charge at the time of your purchase if the money is not in your account?   Although debit purchases take a few days to clear, some banks won’t give you time to deposit funds, they hit you right away with charges.  From USA […]

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