A job well done to KCFR Colorado Public Radio host Ryan Warner on his segment today, “Lawmakers take close look at payday loans.”  Warner interviewed State Rep. Mark Ferrandino, sponsor of a bill that would force payday lenders to close in Colorado, and Ron Rockvan, a Colorado payday lender. 

Mr. Warner actually took the time to research the industry and ask intelligent and thoughtful questions, giving both sides the opportunity to make their case. 

Hats off to good journalism.

You can listen to the full 10-minute segment at http://kcfr.org/index.php?option=com_content&task=view&id=94&Itemid=234&target_pg=com_day.  Scroll down to April 2nd. 

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.