Payday Pundit

News and Information About The Payday Lending Industry

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Entries Tagged as 'media coverage'

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

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Payday lending law unfair, should be repealed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

Smart move

September 4th, 2008 · 1 Comment

EasyMoney, a payday lender in Alabama, is joining the local association in the state, an association with a strong code of practices.  
A few companies in the industry that don’t have good practices drive negative media coverage that hurts everyone.     
Update:  Here’s the link to BorrowSmart’s great website.

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Tags: Ohio · industry · media coverage · states

Everthing but the kitchen sink?

September 4th, 2008 · No Comments

Nope.  This pawn shop even sells kitchen sinks.  Business is booming and the average loan is now in payday lending territory–$300+ per loan. 

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Tags: alternatives · industry · media coverage

Local fights in S.C.?

September 3rd, 2008 · No Comments

The Columbia, South Carolina City Council will discuss payday lending at a Sept. 24th meeting.  From the article: 
The issue is slated to be on the agenda of a Sept. 24 meeting when City Council addresses a variety of other code enforcement matters, including absentee landlords and portable storage units in yards.
It shouldn’t even be on […]

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Tags: South Carolina · alternatives · customers · employees · industry · media coverage · states

Bad journalism of the day award

September 3rd, 2008 · No Comments

Goes to Susan Tompor at the Detroit Free Press.   Below are some statements she makes in her piece with the Payday Pundit’s comments in bold:
Debt traps — including high-cost advances on a paycheck — are crushing many Michigan consumers.
PP:   She provides absolutely NO evidence of this, not even the usual anecdotal nonsense we’ve come to expect.
As […]

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Tags: Consumer Federation of America · Michigan · customers · industry · industry critics · media coverage · personal finance · states

Anti-payday lending commissioner?

September 3rd, 2008 · No Comments

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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Tags: Arizona · Arizona Daily Star · industry · media coverage · regulation · states

Tilting at windmills

September 3rd, 2008 · No Comments

The crazies can’t give up.   This attack on the petition gathering procedures went nowhere before, going nowhere now.

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Tags: Columbus Dispatch · Ohio · employees · industry · industry critics · media coverage · states

Don’t let the state speak for you

September 3rd, 2008 · No Comments

Great letter in today’s Coshocton Tribune: 
For years, people have used the short term loans provided by payday lenders in their times of need. Yet the state thinks that we should not be free to make that adult decision. They would rather invade our right to privacy in these matters than to let people make responsible decisions. […]

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Tags: Ohio · customers · industry · media coverage · positive media coverage · states