Payday Pundit » Rapid City Journal http://paydaypundit.org News and Information About The Payday Lending Industry Wed, 22 Dec 2010 18:34:53 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Find congressional compromise http://paydaypundit.org/2009/04/20/find-congressional-comprise/ http://paydaypundit.org/2009/04/20/find-congressional-comprise/#comments Mon, 20 Apr 2009 12:32:22 +0000 Payday Pundit http://paydaypundit.org/?p=2953 That’s the thrust of this Rapid City editorial

Payday loan operations fill a void. Until any person can walk into a traditional bank or credit union and borrow $100 until his or her next paycheck, payday loans will remain the only option for a lot of folks. We can support keeping the quick, short term cash option in place; but some protection against an exploding, long term debt problem should be part of the equation.

The industry, led by the Community Financial Services Association of America, has always compromised on real consumer protections.  What it will not compromise on is its existence.

]]> http://paydaypundit.org/2009/04/20/find-congressional-comprise/feed/ 0 Rapid City Journal gets it right http://paydaypundit.org/2009/04/10/rapid-city-journal-gets-it-right/ http://paydaypundit.org/2009/04/10/rapid-city-journal-gets-it-right/#comments Fri, 10 Apr 2009 15:22:26 +0000 Payday Pundit http://paydaypundit.org/?p=2887 Rapid City Journal ran a nice, balanced article today.  Props to them for helping to educate consumers that payday loans should be considered for emergencies while acknowledging the service these loans provide and the extent payday loans companies go to to help consumers.

]]> http://paydaypundit.org/2009/04/10/rapid-city-journal-gets-it-right/feed/ 0 Will critics attack this payday loan alternative? http://paydaypundit.org/2008/04/21/will-critics-attack-this-payday-loan-alternative/ http://paydaypundit.org/2008/04/21/will-critics-attack-this-payday-loan-alternative/#comments Mon, 21 Apr 2008 12:42:34 +0000 Payday Pundit http://paydaypundit.org/?p=141 The Black Hills Credit Union is offering an “alternative” to payday loans.  According to this article qualification for this ervice is ”not based on credit score, debt ratio or discretionary income.”   Isn’t this a line of attack critics such as the Center for Responsible Lending level at payday lenders?        

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