Payday Pundit

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. 

[Read more →]

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 […]

[Read more →]

(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Payday lending law unfair, should be repealed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 […]

[Read more →]

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.

[Read more →]

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

[Read more →]

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 […]

[Read more →]

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 […]

[Read more →]

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 […]

[Read more →]

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

[Read more →]

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. […]

[Read more →]