Payday Pundit

This is worth two minutes of your time.  

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We woke up this morning to a dearth of news about payday lending.  Seems to be a trend the last week or so.  Could be that in the aftermath of Ohio and Arizona, media, bloggers, and even opponents are taking a break. 
Of course, we’re staying on top of things and will offer commentary to anything we find.
 

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Well, one way to get your comment made “Comment of the Day” is to compliment the Payday Pundit.  Beneath the intellectual veneer, the erudition, the good looks, the Payday Pundit is really a vain, egomaniacal, self-absorbed prima donna.
Well, there’s certainly a demand for PDLs in Wichita. Not surprisingly, the credit union mentioned in the links […]

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Regarding the story below about a do-gooder looking to open banks in neighborhoods where payday lenders operate:
Does this guy (and the Yale Law School geniuses who helped him) even know that payday lending is not legal in Connecticut?

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Regarding the post below on a new bank “alternative” in Ohio:
hey as long as it didn’t come from a payday lender then everything is cool nothing to see here. so what if a bank charges 30 dollars when you overdraft by 5 cents.
what’s the intrest rate on that factor to?
We believe that’ sarcasm. 

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soldtothesouth- This has got to be the most ignorant argument against the payday loan industry. They prey on the poor! Give me a break! Poor people cant pay back loans! Seems odd to loan 300 to someone to make a 45 dollar profit when you end up taking a 300 loss when it doesnt get […]

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Not much payday lending news today.

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IF SOMEBODY IS SO HARD UP FOR CASH THAT THEY WOULD GO TO SUCH MEANS, WHY WOULD A PAYDAY LENDER LOAN MONEY TO THEM, IT IS OBVIOUS THE LOAN WOULD NEVER BE PAID BACK….THUS LEAVING THEM IN WORSE SHAPE….THIS IS WHAT IS WRONG WITH THE PAYDAY LOAN INDUSTRY….YOU PREY ON THE POOR…YOU PEOPLE ARE SOMETHING […]

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Some Canadian took exception to this post:
Really cold winters? We’re tough. We ski..downhill and cross country, skate, play hockey
Socialist medicine? you mean like the universal health care plan that Obama wants for Americans? Sucks to be Canadian? Oh really? And who is losing their homes? And who is watching their banks collapse? Need I go […]

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Responding to our post–Sticks and Stones can break our bones– a criticism of “the Consumerist,” Glenn says:
“Ohio Continues To Punch Pay Day Lenders In The Face” is the headline {of the Consumerist story}. With writing like that it’s no wonder The Consumerist is for sale.
And Clint responded:
The Consumerist is for sale? Who would want to […]

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