Don’t limit financial options
January 9, 2009 | Seattle Post-Intelligencer, customers, media coverage, positive media coverage, states | Comments (1)That’s the thrust of this great guest piece by Center for Consumer Freedom’s Tim Miller in the Seattle Post Intelligencer:
A recently released Dartmouth College study found that after Oregon’s imposed a similar rate cap, “former payday borrowers responded by shifting into incomplete and plausibly inferior substitutes,” mostly “through checking account overdrafts of various types and/or late bills.”
It’s not a secret that financial success depends on having a full financial toolbox. And sure enough, researchers from George Mason University and Colby College have found that short-term payday loans provide options that substantially improve the chances of a borrower’s ability to financially survive.
Seattle P-I picks up Check into Cash story
March 11, 2008 | Oregon, Seattle Post-Intelligencer, industry, media coverage, regulation, states | Comments (0)Nice to see a consumer blogger playing it straight. This Seattle Post Intelligencer blogger picks up Check into Cash’s announcement with no commentary. It’s also picked up by BizJournals. Maybe politicians will get the message that a 36% rate cap IS A BAN.
