Payday Pundit

For immediate release:
Thursday, September 4, 2008
 
Ohioans For Financial Freedom
Want Voice Heard On Constitutional Challenge
 
Columbus― Ohioans For Financial Freedom said today they will continue to work to ensure Ohioans can exercise their Constitutional right to repeal a bad law, and anticipate they will take their arguments to a higher court.
 
In response to a 10th […]

[Read more →]

The Social Security Administration today announced its long-anticipated pilot program to provide social security benefits with debit cards.   The program begins in a dozen western states.

[Read more →]

(We missed this from yesterday so reprinted the entire letter here)

Payday lending law unfair, should be repealed
Cincinnati.com
9/3/2008a
Posted by LettersEditor
In reference to how bad an idea House Bill 545 really is, it’s the attempt by the Ohio government to destroy the payday lending industry and cost 6,000 more Ohioans their jobs. This law would cost […]

[Read more →]

Are you feeling the love?  The Payday Pundit and the Center for Responsible Lending think the Federal Reserves’ response to bank overdraft protection practices is too timid.  From the story:
Having fees kick in automatically, and without any on-the-spot notification, is a nifty way to maximize profits. Otherwise, consumers who were warned at the time might […]

[Read more →]

EasyMoney, a payday lender in Alabama, is joining the local association in the state, an association with a strong code of practices.  
A few companies in the industry that don’t have good practices drive negative media coverage that hurts everyone.     
Update:  Here’s the link to BorrowSmart’s great website.

[Read more →]

Nope.  This pawn shop even sells kitchen sinks.  Business is booming and the average loan is now in payday lending territory–$300+ per loan. 

[Read more →]