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	<title>Payday Pundit</title>
	<link>http://paydaypundit.org</link>
	<description>News and Information About The Payday Lending Industry</description>
	<lastBuildDate>Mon, 06 Jun 2011 21:58:11 +0000</lastBuildDate>
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		<title>Politics or policy?</title>
		<description><![CDATA[An editorial from today&#8217;s Star News (Wilimington, NC) cried foul about the recent small-dollar lending bill that passed the NC House of Representatives last week. In particular, the story accuses the lending industry of using its political contributions to gain influence over state lawmakers. What the editorial does not address, though, is the validity of [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/politics-or-policy/</link>
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		<title>Payday in context</title>
		<description><![CDATA[In a recent LA Times article, Kathy Kristof presents an argument from California Director of the Center for Responsible Lending, Paul Leonard, explaining why payday loans are &#8220;bad option&#8221;. In making this argument, Kristof and Leonard use comparisons such as food stamps, tax breaks, and credit cards among, others, as more desirable resources for short-term [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/payday-in-context/</link>
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		<title>Shame on you GOP, says Geithner</title>
		<description><![CDATA[Treasury Secretary Tim Geithner shunned the GOP for starving regulatory agencies &#8220;and using the confirmation process to block appointments to gain leverage in shaping the rules under the Dodd-Frank law.&#8221; Geithner, in a speech given at the International Monetary Conference today in Atlanta, said: &#8220;It won&#8217;t be successful and the attempt will risk greater damage,&#8221; [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/shame-on-you-gop-says-geithner/</link>
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		<title>Round 2 (technically 3)</title>
		<description><![CDATA[Elizabeth Warren is set to testify before Congress on what is &#8220;likely to be a full day of grilling by lawmakers,&#8221; says this Dow Jones Newswires article. Last week, House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) asked Warren to clear a full day for testimony.]]></description>
		<link>http://paydaypundit.org/2011/06/06/round-2-technically-3/</link>
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		<title>Examiner editorial: Warren intentionally evasive</title>
		<description><![CDATA[Why can&#8217;t Elizabeth Warren answer simple yes-or-no questions she receives from Members of Congress? Could it be that the questions themselves require additional explanation and aren&#8217;t a simple yes or no? Or is Warren &#8220;hiding&#8221; information when she testifies re: the plans for the Consumer Financial Protection Bureau, the design and funding of the agency. [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/examiner-editorial-warren-intentionally-evasive/</link>
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		<title>American Banker LTE: &#8216;Myth&#8217; Article Misses the Point</title>
		<description><![CDATA[Interesting viewpoint from an American Banker reader after Friday&#8217;s article on debunking four big myths about the CFPB. (Note: you&#8217;ll need a subscription to American Banker to review the letter to the editor). You clearly do not believe that institutions will begin to act on the basis of even perceived directions taken by the rule [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/american-banker-lte-myth-article-misses-the-point/</link>
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		<title>NY: &#8220;payday loans&#8221; or payday loans?</title>
		<description><![CDATA[The heated debate in New York over legislation that would allow licensed check-cashers to make small loans of $300-$2,000 is now centered around an unexpected aspect of the bill: semantics. As critics of the bill have said: &#8220;If this sucker is passed, that just opens the door to payday lenders in New York state,&#8221; said [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/ny-payday-loans-or-payday-loans/</link>
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		<title>CFPB secret sauce: Behaviorial economics</title>
		<description><![CDATA[What&#8217;s the driving mechanism behind the CFPB&#8217;s research department? Two words: Behavioral economics. According to this article, the CFPB will write and enforce rules using &#8220;the largest field test to date of a set of ideas known as behavioral economics.&#8221; &#8220;The CFPB is almost certainly at the forefront of using behavioral economics for regulation and [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/cfpb-secret-sauce-behaviorial-economics/</link>
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		<title>NCUA sends letter to WaPo re: story that hit last week</title>
		<description><![CDATA[Debbie Matz, chairman of the National Credit Union Administration, issued a letter to the Washington Post&#8217;s editor in response to the story that ran last week: “More credit unions offering payday loans.&#8221; In the letter she says: We recently authorized federal credit unions to develop loans designed to offer members much more affordable short-term cash. [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/ncua-sends-letter-to-wapo-re-story-that-hit-last-week/</link>
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		<title>Payday debate making noise in California</title>
		<description><![CDATA[With a bill currently waiting for approval in California Senate that would raise the limits for payday loans from $300 to $500, Claudia Buck wrote an article in today&#8217;s Sacramento Bee profiling both the industry and the debate over the current legislation. One of the biggest proponents of the bill at hand is its author, [...]]]></description>
		<link>http://paydaypundit.org/2011/06/06/payday-debate-gets-coverage-in-california/</link>
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