Payday Pundit

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

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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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Could be.  The results are in for the Arizona Corporation Commission primary election: 

{Marian} McClure, a former state legislator who tried to take on the payday-loan industry earlier this year, is the only Southern Arizonan besides Newman running for a seat on the commission.

If the ballot initiative succeeds in November, it will mitigate any effort one commissioner […]

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Stan Barnes of Yes of Proposition 200 has a guest piece today in the Arizona Daily Star:

Every day it seems another self- appointed know-it-all with an ax to grind is in the news, blaming payday lending for all of society’s ills and demanding the industry be run out of town before every one of us […]

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422,000 PEOPLE WOW just goes to show how politicians in this state are not doing the will of the people.Widner and jacobson look pretty bad right now cause they never expected the publics anger over this unwanted piece of legislation.SERVES THEM RIGHT and Bill Faith explain 422,000 signatures you advocate of the people???????And for these […]

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Boring story about the differences between Minnesota and North Dakota payday lending rules so we spiced in up with that catchy headline.  

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We posted the stories below, but here is the full news release for interested Payday Pundit readers. 

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More than 400,000 turned in.   Read about it here.
Update:  This story has more detail, including quotes from Sandy Theis, the anti-payday lending spokeswoman who used to be a flack for the strip club industry. 

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