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The Rivlin Tour Continues

November 22, 2010 | Gary Rivlin, industry critics | Comments (2)

The next stop on the Broke USA book tour is in Miami and seemingly there’s a problem with payday lenders working to be contributing members of the community that they provide credit in and providing their customers with services that they intend to purchase anyway.  The Miami Herald quotes the COO of Amscot Financial:

Let people pay parking tickets at your store. “They’re not much of a moneymaker for us, but they make us truly part of the fabric of the community,” he told the crowd.
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Comments»

1. Gary Rivlin - November 22, 2010

and in the first half of next month: Memphis, Notre Dame, and a conference on alternatives to payday being held in the SF Bay Area.

2. Payday Pundit - November 24, 2010

We’ll look forward to checking your math on the alternatives–we’ve found that, when all fees are taken into account, they’re often as (if not more) expensive than traditional payday loans. And there are a lot of barriers that make them far less convenient for consumers.