Payday Pundit

That’s what this article in the Denver Post says of the Colorado payday lending legislation.   The  coverage  fails to mention that an effective ban on payday lending would have done nothing to help consumers in Colorado.  Consumers are best off when they have all the necessary information and are able to make financial decisions based on what’s […]

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Terry Kibbe of the Consumers Rights League has a guest piece today in the Denver Post that picks up on recent research by Don Morgan of the NY Federal Reserve. 
Money quote: ”Morgan also questioned the validity of the research from the Center for Responsible Lending saying the Center ‘overstated the number of problem borrowers.’ He noted […]

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Jeffrey S. Zax, an economics professor at the University of Colorado at Boulder takes a different approach to the debate over payday lending.  In his letter to editor to the Denver Post, he writes, ”Payday lenders’ interest rates seem outrageous. If payday lenders are actually making unconscionable profits, why aren’t other lenders entering the market?” Mr. Zax goes on […]

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