Elizabeth Warren spoke to the credit unions yesterday.  Here’s the take from Reuters: 

Warren, known for rankling Wall Street, said new consumer rules should promote a variety of options for consumers that could be offered by large and small institutions.

“The goal of regulations should not be to drive to a single model where there is one kind of lender that should be advantaged over everybody else,” she told the National Association of Federal Credit Unions on Wednesday.

She said the forthcoming regulations should root out bad players among lenders and increase competition among the good ones.

If she reviews the research, she’ll have to conclude that payday advances are among the “good ones.”