Responding to the Center for American Progress report below, a reader writes:
While the final paragraph does carry a slight shade of “non-partisan” moderation, the rest of this report takes the usual “let us tell you” angle on most every critical word choice and sentence construction throughout– liberally cribbing from often faulty and overworked CRL data to build a conveniently adverse picture of the industry.
The addition of “consider restrictions carefully” at the very end is a smug throw away. A filler line used to imbue a sense of equity, when the rest of the article carries none. After reading all this data– likely intended to fuel recent legislative efforts– what converse “considerations” are there for the reader to think about? Few if any, reasons for “consideration” are even mentioned here.
Were I unfamiliar with payday loans, the truths of the product and the millions of grateful and appreciative users of this service, I could see how simple it would be to line people up on the shortsighted and knee-jerk personal-politicking of the payday loan hate wagon. This “report” paints one skewed view in just the hue needed to further the “ban payday loan” agenda, and almost totally neglects the other– the sad and standard tone in the majority of many payday loan discussions these days.
What I don’t understand is this: why is there such a general resistance to any kind of compromise/Washingtonian meeting in the middle over this issue?
This current environment of short-sighted, uncooperative, condescending and irrational rancor over payday loan services is going to have me squirting blood out of my eyes, confined to a Federally funded mental ward or having a public Jim Cramer crazy moment by Spring’s end.
Pass the Advil, please.
Yes, pass the Advil.




