Payday Pundit » Find Compromise on Payday Loans http://paydaypundit.org News and Information About The Payday Lending Industry Mon, 21 Jun 2010 21:00:48 +0000 http://wordpress.org/?v=2.9 en hourly 1 Rapid City Journal- A newspaper editorial board with common sense!! http://paydaypundit.org/2009/04/14/rapid-city-journal-a-newspaper-editorial-board-with-common-sense/ http://paydaypundit.org/2009/04/14/rapid-city-journal-a-newspaper-editorial-board-with-common-sense/#comments Tue, 14 Apr 2009 21:21:22 +0000 Payday Pundit http://paydaypundit.org/?p=2920 An editorial from South Dakota’s Rapid City Journal, Find Compromise on Payday Loans

…But the truth probably lies somewhere in between and we hope Congress can ferret it out, regulate the industry and meet the needs of the people who have no other options.

Payday loan operations fill a void. Until any person can walk into a traditional bank or credit union and borrow $100 until his or her next paycheck, payday loans will remain the only option for a lot of folks. We can support keeping the quick, short term cash option in place; but some protection against an exploding, long term debt problem should be part of the equation.

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