The media is constantly talking about the payday lending industry’s ”huge profits.” In an oped today, D. Lynn DeVault, President of CFSA, takes the “huge profits” lie head on:
When compared to traditional banks, payday lenders’ profits are measly. The average profit margin of the top 10 banking holding companies in the United States is 18.5 percent. Traditional […]
Entries Tagged as 'Florida'
Taking on the “profits” canard
August 14th, 2008 · No Comments
Tags: Center for Responsible Lending · Florida · alternatives · industry · industry critics · media coverage · positive media coverage · regulation
More loan options? What a concept.
July 29th, 2008 · No Comments
Tim Miller from Center for Consumer Freedom in today’s Fort Myers News Press:
So what if the payday loan business isn’t the most popular or the prettiest niche of the financial services industry. For millions of customers, its availability means that the car gets an urgent repair, a critical check doesn’t bounce, or the electric bill […]
Tags: Florida · alternatives · industry · regulation
Ft. Lauderdale Sun-Sentinel picks up pro-payday lending column
May 6th, 2008 · No Comments
The Center for Consumer Freedom’s opinion piece we blogged about yesterday was picked up by another newpaper today. It makes a strong case against government paternalism, and we’re glad to see newspapers devoting some space to this argument.
Tags: Florida · Ft. Lauderdale Sun-Sentinel · media coverage · positive media coverage · states