Payday Pundit » American Legislative Exchange Council http://paydaypundit.org News and Information About The Payday Lending Industry Wed, 16 Jun 2010 11:24:02 +0000 http://wordpress.org/?v=2.9 en hourly 1 “Access to Credit Means Access to the American Dream” http://paydaypundit.org/2008/09/02/access-to-credit-means-access-to-the-american-dream/ http://paydaypundit.org/2008/09/02/access-to-credit-means-access-to-the-american-dream/#comments Tue, 02 Sep 2008 13:48:57 +0000 Payday Pundit http://paydaypundit.org/?p=1358 The Times News of Virginia and Tennessee writes an a report released by the American Legislative Exchange Council (ALEC).  The report concludes that “Lawmakers should allow the private sector to grant loans to people with poor credit and give them options that may help them build their credit.”

Read the ALEC report.

]]> http://paydaypundit.org/2008/09/02/access-to-credit-means-access-to-the-american-dream/feed/ 1 Citizens can make their own financial choices http://paydaypundit.org/2008/04/07/citizens-can-make-their-own-financial-choices/ http://paydaypundit.org/2008/04/07/citizens-can-make-their-own-financial-choices/#comments Mon, 07 Apr 2008 15:47:21 +0000 Payday Pundit http://paydaypundit.org/?p=103 That’s the thrust of the terrific op-ed “I’ll pay you Tuesday for payday loan today” in the South Carolina Times and Demcrat by Michael Hough of the American Legislative Exchange Council.  In criticizing legislative attempts to ban payday lending, he argues than payday lending is often a better choice that alternatives.  Money quote:

“Many times payday loans are used to cover utility bills and unplanned medical expenses. Without access to payday loans many consumers are left with several worse alternatives like bouncing checks, not paying bills and worst of all filing for bankruptcy.”

]]> http://paydaypundit.org/2008/04/07/citizens-can-make-their-own-financial-choices/feed/ 0 Denying choice to consumers in Colorado http://paydaypundit.org/2008/04/01/denying-choice-to-consumers-in-colorado/ http://paydaypundit.org/2008/04/01/denying-choice-to-consumers-in-colorado/#comments Tue, 01 Apr 2008 15:19:56 +0000 Payday Pundit http://paydaypundit.org/?p=97 The Tribune newspaper of Greeley, CO carries a guest piece today on payday lending legislation by Michael Hough, director of the Commerce, Insurance and Economic Development Task Force at the American Legislative Exchange Council.    Hough says:

“This misguided legislation assumes that the majority of Coloradans are unable to make appropriate financial decisions without the state intervening on their behalf with heavy-handed government regulations. Colorado lawmakers should reject this legislation because it will financially hurt the state’s residents and deprive them of the freedom to take out a payday loan if they so choose.”

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