Payday Pundit » Toledo Blade

This is why newspapers are going out of business

Payday Pundit — Thu, 19 Feb 2009 13:45:29 +0000

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

Payday Pundit — Mon, 03 Nov 2008 12:13:29 +0000

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?

Payday Pundit — Mon, 27 Oct 2008 00:21:18 +0000

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

Payday Pundit — Wed, 01 Oct 2008 11:16:47 +0000

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 Gloyd cited would not be repealed by Issue 5.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

Payday Pundit — Tue, 19 Aug 2008 11:52:24 +0000

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

Payday Pundit — Fri, 15 Aug 2008 13:30:10 +0000

Toledo Blade: Ballot taking shape on Ohio’s new payday-lending law

Ohio coverage of yesterday’s news conference

Payday Pundit — Fri, 08 Aug 2008 11:19:49 +0000

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

Payday Pundit — Sun, 11 May 2008 12:24:37 +0000

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.”