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	<title>Payday Pundit &#187; Indian issues</title>
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	<link>http://paydaypundit.org</link>
	<description>News and Information About The Payday Lending Industry</description>
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		<title>&#8220;{Payday lenders} do it because it&#8217;s profitable.&#8221;</title>
		<link>http://paydaypundit.org/2008/06/27/payday-lenders-do-it-because-its-profitable/</link>
		<comments>http://paydaypundit.org/2008/06/27/payday-lenders-do-it-because-its-profitable/#comments</comments>
		<pubDate>Fri, 27 Jun 2008 12:00:02 +0000</pubDate>
		<dc:creator>Payday Pundit</dc:creator>
				<category><![CDATA[personal finance]]></category>
		<category><![CDATA[Indian issues]]></category>

		<guid isPermaLink="false">http://paydaypundit.org/?p=767</guid>
		<description><![CDATA[Ah, duh.  As opposed to all the other business that do it because they have nothing better to do.   This article from Indian Country is outrageous in two ways:

First, it totally distorts the recent hearing in the Senate Indian Affairs Committee.  The author says, &#8220;&#8230;there were more witnesses from the payday lending sector than consumer [...]]]></description>
			<content:encoded><![CDATA[<p>Ah, duh.  As opposed to all the other business that do it because they have nothing better to do.   <a href="http://www.indiancountry.com/content.cfm?id=1096417609" target="_blank"><span style="color: #0000ff;">This article from Indian Country</span></a> is outrageous in two ways:</p>
<ul>
<li>First, it totally distorts the recent hearing in the Senate Indian Affairs Committee.  The author says, &#8220;&#8230;there were more witnesses from the payday lending sector than consumer advocates.&#8221;  There was exactly <strong>one </strong>witness from the payday lending industry who was accompanied by a researcher.  There were several consumer consumer groups and Native American groups represented. </li>
<li>Second, the author says, &#8220;it struck me how similar the landscape is on the borders of both military bases and Native communities, especially reservations: payday lenders and pawnshops as far as the eye can see.&#8221;  This is a lie.  The charts that were presented at the hearing showed the payday lenders were located in the populated areas of Indian country states, not near reservations.</li>
</ul>
<p>It&#8217;s been apparent for years that critics of the payday lending industry have to distort, exaggerate and use anectodal information because the facts just don&#8217;t support them.  This is another great example.</p>
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