Payday Pundit

Tim Miller of Center for Consumer Freedom has a great letter today in the Lancaster Eagle Gazette:
Just this past week, an article in the New York Times Magazine highlighted the difficulty of accessing consumer credit facing many Americans. The article took a balanced look at the services offered by short-term payday lenders, finding that payday loans […]

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Great letter in the Hudson Times today by Center for Consumer Freedom’s Tim Miller: 
Taking away credit options doesn’t help consumers, in my opinion. Adults are best served when they have the discretion to pick their solution — not when elitist politicians eliminate what is for many their smartest alternative to address their needs. If Crites […]

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A Cleveland Plain Dealer columnist supports the payday lending industry: 
The stifling cap is the state’s way of telling payday lenders to close shop, take their jobs, and disappear.
It’s ridiculous, self-righteous public policy.
The nation is busy bailing out irresponsible banks and reassuring wealthy depositors.
But if the payday lenders disappear, where will the desperate and poor like […]

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No kidding.  Here’s an article out of Lima, Ohio that makes that point in spades.

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The Ohio Christian Alliance is supporting repeal of H.R. 545 and sending out a brochure urging citizens to vote “No” on the payday lending referendum. (Remember, NO is a vote repeal the law and save the payday lending industry.)   From the story:
Breaking from many other Ohio religious leaders, the Ohio Christian Alliance is siding with […]

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The Coalition Opposed to Additional Spending and Taxes was in Akron yesterday making a case for a “NO” vote on the payday lending referendum.   Remember, a NO vote is the pro-consumer choice position. 

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Yes, the referendum is going to make the ballot.   Here are a couple of stories:
From Ohio State University paper.
Columbus Dispatch story.

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Take that, Bill Faith.   From the Columbus Dispatch story: 
A payday lending coalition pushing to block new industry regulations today filed an additional 218,855 signatures, making it likely the referendum will qualify for the November ballot.
And you people were worried. 

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Maggie Thurber does a great job speaking against Issue 5 in Ohio:
Since when is it the role of the government to track what you borrow, when and how much? Since when is it the role of government to tell you how you can use the money you borrow? Since when is it the role of […]

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Great letter today in the Cincinnati Community newspaper.
I work at ACE, a payday lending store, and I am proud to say I have helped countless people secure payday loans during financial emergencies.
However, we will no longer be able to provide these services unless Ohioans vote no on Issue 5 in November.
As taxpayers and citizens, it […]

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