Filling a market niche
January 7, 2010 | Idaho, industry | Comments (0)CFSA’s D. Lynn DeVault has a great letter-to-the-editor in today’s Idaho Statesman:
The FDIC mistakenly characterizes as “underbanked” any household that has a bank account but used an alternative financial service, such as a payday loan. Findings show that customers use payday loans for multiple reasons, including convenience and because it “feels more comfortable than a bank.” Just because an adult with a bank account chooses to use an alternative financial service does not necessarily mean they are being underserved by their bank or are “underbanked.”
That’s a good deal
July 1, 2009 | Idaho, industry, regulation | Comments (0)New law in Idaho takes effect today. If an Iadahoan takes a loan from an unlicensed payday lender, he doesn’t have to pay it back.
An “alternative”
April 2, 2009 | Idaho, alternatives | Comments (0)Calling it a “alternative” to a payday loan doesn’t make it one. Let’s see the details.
Payday loan bill moves forward in the land of potatos
March 20, 2009 | Associated Press, Idaho, industry, regulation | Comments (0)The Associated Press reports on the Idaho Senate committee passing payday loan bill
