Payday Pundit

Not much news this past weekend or the first couple of days this week.  If any of our readers know of any research, articles, or information worth posting on this site, please let us know.  

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The Virginia State Corporation Commission began discussions on how to implement the new law.  From the story: 
Representatives of payday lenders and opponents of payday lending disagreed yesterday on how much information lenders should be required to orally provide borrowers about their borrowing options.

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The new Ohioans4financialfreedom site is up and running. 

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Nick Sparagis has started a new payday lending blog.  At first read, it’s seems well worth checking out. 

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Interesting that more the 5,000 Ohioans have given comments to the Federal Reserve as it  contemplates a crack down on credit card fees.   According to this story,  Ohioans are particularly angry at the lack of disclosure:
Hilary Marhover of Worthington wrote about how her fixed rate was “increased for no reason to 20.99 percent” even though she […]

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Referring to this post about a new Urban Institute study, a regular reader writes: 
Congratulations, CFSA. This acknowledgement by the prestigious Urban Institute that payday advances are an important financial service is a timely exoneration of an industry which has been so badly maligned. Hopefully the media and our elected representatives will take note.

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Ohioans4financialfreedom.org, the new website of the RejectHB545 Committee is expected to go live later this morning.   Be sure to check it out today.

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