Payday Pundit

News and Information About The Payday Lending Industry

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Entries Tagged as 'industry'

Comment of the Day

September 5th, 2008 · No Comments

I wish these so-called consumer groups (and the government) would keep their noses out of the lending business. What ever happened to the free market.

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Tags: customers · industry · regulation

Consumer groups get an “F”

September 5th, 2008 · 1 Comment

The Community Financial Services Association of America has hit back at a phony “consumer” group scorecard which grades states on their lending rules.  From the CFSA news release: 

The Consumer Federation of America (CFA) and the National Consumer Law Center (NCLC), two out-of-touch “consumer” groups which feel they have the authority to grade state lending laws, were […]

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Tags: Consumer Federation of America · industry · industry critics

I guess they didn’t listen

September 5th, 2008 · 1 Comment

This excerpt from a church bulletin was sent to us by a payday lending supporter in Ohio upset that his church was interfering with his right to make his own financial choice:
Payday Lending Reform
The national payday lobby was granted the go-ahead by Ohio’s
Attorney General to start circulating petitions in support of a
referendum to rescind the […]

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Tags: Ohio · industry · regulation · states

Good work

September 5th, 2008 · No Comments

Over at RTOonline they are recognizing Amscot Financial for its community service efforts. 

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Tags: best practices · industry

Thank you Ohio voters

September 5th, 2008 · No Comments

Over at paydayfacts.org they’ve posted a heartfelt letter to Ohio voters from a payday lending employee. 

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Tags: Ohio · industry · regulation · states

Cheap shot

September 5th, 2008 · No Comments

In an otherwise nice story about financial literacy, the reporter at the Newark Advocate in Ohio decides to take a cheap shot a payday lenders. 

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Tags: Ohio · best practices · industry · media coverage · states

Ohio AG upheld

September 5th, 2008 · No Comments

This is the first story on the late-breaking court ruling yesterday.  The decision has not impact on the referendum.  From the piece:
Although it is a loss for payday lenders, the decision does not affect their current referendum effort. On Sunday, the lenders’ coalition turned in 422,000 signatures, and county boards of elections will determine whether […]

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Tags: Columbus Dispatch · Ohio · industry · media coverage · regulation · states

Late breaking Ohio news

September 4th, 2008 · No Comments

For immediate release:
Thursday, September 4, 2008
 
Ohioans For Financial Freedom
Want Voice Heard On Constitutional Challenge
 
Columbus― Ohioans For Financial Freedom said today they will continue to work to ensure Ohioans can exercise their Constitutional right to repeal a bad law, and anticipate they will take their arguments to a higher court.
 
In response to a 10th […]

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Tags: Ohio · industry · states

SSA to launch its new debit card

September 4th, 2008 · No Comments

The Social Security Administration today announced its long-anticipated pilot program to provide social security benefits with debit cards.   The program begins in a dozen western states.

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Tags: alternatives · industry

More common sense in Ohio

September 4th, 2008 · No Comments

(We missed this from yesterday so reprinted the entire letter here)

Payday lending law unfair, should be repealed
Cincinnati.com
9/3/2008a
Posted by LettersEditor
In reference to how bad an idea House Bill 545 really is, it’s the attempt by the Ohio government to destroy the payday lending industry and cost 6,000 more Ohioans their jobs. This law would cost […]

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Tags: Ohio · employees · industry · media coverage · states