Payday Pundit

The Columbia, South Carolina City Council will discuss payday lending at a Sept. 24th meeting.  From the article: 
The issue is slated to be on the agenda of a Sept. 24 meeting when City Council addresses a variety of other code enforcement matters, including absentee landlords and portable storage units in yards.
It shouldn’t even be on […]

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The Buckeye Institute blog has a great post today: 
If these {Credit Union} loans are such a good deal why do we need a law that effectively bans payday lending? Payday lenders can offer their products and credit unions can offer their products. If those who attack payday lending are right that borrowers are being exploited and […]

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Goes to Susan Tompor at the Detroit Free Press.   Below are some statements she makes in her piece with the Payday Pundit’s comments in bold:
Debt traps — including high-cost advances on a paycheck — are crushing many Michigan consumers.
PP:   She provides absolutely NO evidence of this, not even the usual anecdotal nonsense we’ve come to expect.
As […]

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The alway erudite Jon Schultz responded to payday lending critic “Arthur Ham” (whose comment I deleted for calling a distinguished economist a “hack”) with this:
{Payday loans are} welfare enhancing, because that minority of payday loan customers either 1) had an emergency need for funds so critical, at one or more times, that it made the fees […]

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The crazies can’t give up.   This attack on the petition gathering procedures went nowhere before, going nowhere now.

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Great letter in today’s Coshocton Tribune: 
For years, people have used the short term loans provided by payday lenders in their times of need. Yet the state thinks that we should not be free to make that adult decision. They would rather invade our right to privacy in these matters than to let people make responsible decisions. […]

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Stan Barnes of Yes of Proposition 200 has a guest piece today in the Arizona Daily Star:

Every day it seems another self- appointed know-it-all with an ax to grind is in the news, blaming payday lending for all of society’s ills and demanding the industry be run out of town before every one of us […]

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