And this guy’s is worth squat. It’s the same old, “create other options” B.S:
Rather than defend a bad practice, as communities we must develop responsible alternatives to payday loans, including loans with longer payment periods, credit-union loans, small consumer loans, emergency-assistance programs and consumer-credit counseling.
And we need to do to payday lending what the Legislature […]
Entries Tagged as 'Iowa'
Everyone has an opinion
September 15th, 2008 · No Comments
Tags: Iowa · industry · media coverage · regulation · states
Good comments
August 20th, 2008 · No Comments
The Center for Consumer Freedom op-ed in the Des Moines Register attracted some good comments, including these:
All Americans should have a choice as to how they can borrow money. Govt needs to stop trying to protect people from themselves by limiting any and all options someone has. I don’t have any banks around me that […]
Tags: Des Moines Register · Iowa · customers · industry · media coverage · states
Eliminating payday loans not “act of mercy”
August 20th, 2008 · No Comments
In an op-ed in today’s Des Moines Register, Tim Miller of the Center for Consumer Freedom, writes:
Eliminating a major short-term credit option for financially stressed adults is hardly an act of mercy. We should be helping Americans find more debt-management options - not taking them off the table.
Tags: Des Moines Register · Iowa · positive media coverage
“{Payday loans} saved my life quite a few times.” –Iowa payday loan customer
August 6th, 2008 · No Comments
Wow.
While this story in the Iowa Independent says a lot of stuff we could argue with, we appreciate the fact that the writer went out of his way to find a customer who needs and appreciates payday loans. And he called CFSA to get information and an interview as well.
Tags: Iowa · customers · industry · local issues · media coverage · regulation