Comments on: Yes, a contradiction http://paydaypundit.org/2009/06/30/yes-a-contradiction/ News and Information About The Payday Lending Industry Tue, 21 Dec 2010 17:59:56 -0800 hourly 1 http://wordpress.org/?v=3.0.1 By: PDL Industry http://paydaypundit.org/2009/06/30/yes-a-contradiction/comment-page-1/#comment-6412 PDL Industry Tue, 30 Jun 2009 15:16:22 +0000 http://paydaypundit.org/?p=3956#comment-6412 Banks have a provision for loan losses 1-2%. The don't have the appetite, for risk, to offer payday loans as a main product line. Besides, they're too busy collecting the easy money - overdraft fees. These groups do their research, dance around the topic and when it comes down to a solution; it's never realistic. If the country put a cap on the price of cars, it would suck all the competition out of the market and fewer cars would get sold. The same would happen to lending. Banks have a provision for loan losses 1-2%. The don’t have the appetite, for risk, to offer payday loans as a main product line. Besides, they’re too busy collecting the easy money – overdraft fees.

These groups do their research, dance around the topic and when it comes down to a solution; it’s never realistic.

If the country put a cap on the price of cars, it would suck all the competition out of the market and fewer cars would get sold. The same would happen to lending.

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