This is why newspapers are going out of business
February 19, 2009 | Ohio, Toledo Blade, industry, regulation | Comments (1)The Toleda Blade editorial writers confuse smugness with cleverness in yet another rant that payday lenders in Ohio are operating under a different law.
Commenter sticks it to Ohio anti-PDL crowd
November 3, 2008 | Ohio, Toledo Blade, industry, media coverage, regulation, states | Comments (0)Check out the first comment to the story about Issue 5 in the Toledo Blade from yesterday:
Past attempts to address this almost criminal activity by banks have been crushed by the unlimited fund banking lobbies. In fact, I have no doubt that if the truth were told, bank lobby money is behind the push to rid Ohio of payday lenders.
It gets harsher, but as a family blog, we couldn’t reprint the whole comment.
Who’s next?
October 26, 2008 | COHHIO, Ohio, Toledo Blade, industry, industry critics, media coverage, regulation, states | Comments (0)That’s the concern of the Ohio Chamber of Commerce. Once payday loans are banned, who will the legislature target? Here’s the story.
We’re on the side of consumer choice
October 1, 2008 | COHHIO, OH CRL, Ohio, Toledo Blade, industry, industry critics, media coverage, regulation, states | Comments (0)From the Toledo Blade:
Jason Gloyd, chairman of the Coalition Opposed to Additional Spending and Taxes, or COAST, labeled the payday lending law “creepy” and “Orwellian.”
Issue 5 was placed on the statewide ballot by the payday lending industry, seeking to repeal portions of a law passed in May drastically curtailing the amount of interest lenders can charge.
Mr. Gloyd attacked provisions in the law that he said create a database of loan transactions and require people who take out payday loans to undergo education in “the government’s values.”
“The privacy intrusions implicated in Issue 5 are simply unprecedented in modern life,” Mr. Gloyd said. “After two transactions in a 90-day period they force you into a government re-education class that you have to pay for.”
A group of about 15 people, some of them employees or owners of payday lending businesses, stood behind Mr. Gloyd during his news conference, holding signs portraying the face of “Big Brother.”
Sandy Theis, a spokesman for the Vote Yes on Issue 5 committee, said the database that Mr. Gloyd cited would not be repealed by Issue 5. She said the industry tracks loans in a database now and “they have consistently allowed serious invasions of privacy.”
Toledo Blade has egg on its face
August 19, 2008 | Bill Faith, Ohio, Toledo Blade, industry, industry critics, media coverage, regulation, states | Comments (0)This nasty editorial about the signature gathering tactics of Ohioans for Financial Freedom was obviously written before the news that Bill Faith–Ohio’s anti-payday lending crusader–has been called on to retract his accusations. You can read the news release calling for a retraction here or the full text of the release two posts below.
More coverage of Ohio ballot decision
August 15, 2008 | Ohio, Toledo Blade | Comments (0)Toledo Blade: Ballot taking shape on Ohio’s new payday-lending law
Ohio coverage of yesterday’s news conference
August 8, 2008 | COHHIO, Columbus Dispatch, Ohio, Toledo Blade, industry, media coverage, regulation, states | Comments (0)From the Columbus Dispatch.
The Toledo Blade.
The Canton Repository.
Bottom line: It’s going to be one heck of a fight in Ohio.
Toledo Blade editorial writers reach new low
May 11, 2008 | Ohio, Toledo Blade, industry, media coverage, regulation, states | Comments (0)A vicious editorial in today’s Toledo Blade demonstrates the shallowness, elitism, and zealotry of some payday lending critics. Passing up an opportunity to demonstrate any grasp of facts, understanding of the service, or the market-driven dynamics of payday loans, the writers simply spew bile. They show contempt for payday lending customers and employees and pure bias in listening to and giving credibility only to our critics.
The readers of the Toledo Blade are ill-served by this “newspaper.”
