Payday Pundit

Lawrence Meyers questions the principles of anti-payday lending crusader Bill Faith who he calls “the Parrot.”  From the article at bloggernews.com:
The Parrot obviously believes that government should make decisions for people.  This seems strange coming from a Armed Forces veteran, given that his service is allegedly to defend the rights of our citizens.  Instead, he […]

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Another story about payday lending customers in angst about the approval of Issue 5:
“I hate that I have to use payday loans but it helps me when I need a little extra,” he said.
The 45-year-old electrician said he’s used the loans about seven times this year because his schedule was cut down to about 45 […]

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Today’s Times Bulletin (OH) headlines a story “Payday lending future in Ohio looks doubtful.”   From the story:
In Van Wert, Issue #5 was easily upheld, 59 percent for to 41 percent against. Statewide, the referendum agreement was even more pronounced, winning by nearly a 30 percent margin.
In response, the parent company of Cashland Lending Stores announced […]

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It’s pretty ugly:
An effort to repeal caps on so-called “payday loan” interest rates in Ohio appeared headed to a resounding defeat statewide.
In early returns, the payday loan issue, Issue 5, showed 69 percent of voters in favor of keeping limits on how much the industry can charge and only 31 percent against it, a rare […]

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Here’s Niger Innis from the Congress on Racial Equility in today’s paper:
“I’m always a little bit skeptical when crusading members of the media or elite activists who don’t share the pigmentation nor the ZIP code of the people they are alleging to save start talking about ‘these people’ being taken advantage of,” Innis said during […]

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Great letter in Zanesville Recorder: 
Bill Faith and the Ohio State Legislature needs to keep their noses out of our personal business…….They, the legislature, who have no idea what regular people have to do to keep their heads above water, do not need to decide our fates.

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This article contains some video of Bill Faith, anti-payday lending extremist, and Ted Saunders of CheckSmart, an Ohio-based payday lender.    Click on the links a little bit below the pictures.
We think Saunders won this hands down.

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Take that, Bill Faith.   From the Columbus Dispatch story: 
A payday lending coalition pushing to block new industry regulations today filed an additional 218,855 signatures, making it likely the referendum will qualify for the November ballot.
And you people were worried. 

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One of our readers doesn’t like Bill Faith, Ohio anti-payday lending zealot:
I wonder what the politicians of Ohio,some of which did a complete 360 in about a five day period on this issue are saying now?This is going to make the ballot and more people are saying this could get overturned.Bill Faith is not very […]

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Here’s the website of our Ohio opposition.  Note the lie in the second bullet on top that H.R. 545 “ensures small loans will still be available.”   How can that be assured? Isn’t it up to businesses to decide if they can make them available? 

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