Payday Pundit » Janet Babin http://paydaypundit.org News and Information About The Payday Lending Industry Wed, 22 Dec 2010 18:34:53 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 NPR: Payday loans may benefit consumers http://paydaypundit.org/2008/02/29/npr-payday-loans-may-benefit-consumers/ http://paydaypundit.org/2008/02/29/npr-payday-loans-may-benefit-consumers/#comments Fri, 29 Feb 2008 15:51:51 +0000 Payday Pundit http://paydaypundit.org/?p=11 Kudos to North Carolina Public Radio journalist Janet Babin for this accurate, in-depth report on the payday lending industry in this piece from National Public Radio’s Marketplace program. The piece discusses new research that says payday loans can actually benefit consumers and that consumers in states without payday lending are driven to bounce checks or turn to other less desirable options.

The takeaway on this is simple – consumers benefit when there is competition in the marketplace.

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