Payday Pundit

News and Information About The Payday Lending Industry

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What’s going to happen to us?

August 29th, 2008 · No Comments

Payday lenders in Ohio are facing a bleak future.  Tax paying businesses shuttered, leases broken, employees laid off.  It’s scary how quickly the government can take one’s livelyhood away.

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Tags: Ohio · employees

32 flavors and then some

August 28th, 2008 · No Comments

I was at the grocery store last night and took a spin down the bottled water aisle.  I counted over ten different brands of water. TEN! That was just for still water, not fizzy fancy mineral water or ultra pure distilled or raspberry flavored “performance” water…just plain old water that you can get for pennies out […]

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Tags: OH CRL · Ohio · alternatives

More support in Ohio

August 27th, 2008 · No Comments

Ohio Grocers Association Supports Ohioans For Financial Freedom To Keep Ohio Jobs and Consumer Choices

COLUMBUS, OH – The Ohio Grocers Association today gave its endorsement for the efforts of Ohioans For Financial Freedom to repeal section (3) of H.B. 545 saying the legislation goes too far and will hurt Ohio grocers and consumers.
“The national credit […]

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Tags: Ohio · Uncategorized · positive media coverage · regulation

Ohio Gov Strickland to DNC: Ohioans are worried about their jobs

August 27th, 2008 · 2 Comments

An excerpt from Governor Ted Strickland’s speech during the Democratic National Convention last night:
But along with the beauty and promise of America, a big, diverse state like Ohio also lives with the challenges of the American economy.  And tonight, at kitchen tables across Ohio and the heartland, mothers and fathers are worried.  They’re worried because […]

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Tags: Ohio

Ohio Chamber of Commerce and Grocers’ Stand Behind Payday Lenders

August 27th, 2008 · 3 Comments

The Columbus Dispatch reports on the Chamber of Commerce’s position:
The chamber said the new law, House Bill 545, imposes overly broad regulations that are “not the way to revitalize Ohio’s economy.”
“The Ohio Chamber champions free enterprise and economic competitiveness and we believe HB 545…runs counter to our mission”, said Andrew E. Doehrel, president and CEO […]

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Tags: Columbus Dispatch · Ohio · media coverage · positive media coverage

Let Ohio vote!

August 26th, 2008 · 1 Comment

It didn’t take 241,365 valid signatures to put over 6,000 hardworking Ohioans out of a job and shutter over 1,000 tax-paying businesses.  Payday lending opponents know that Ohioans prefer to make their own financial decisions, which is why they are using whatever low and underhanded tactic they can to contest the petition.  For the third time […]

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Tags: Ohio · regulation

Why so scared?

August 26th, 2008 · No Comments

The Payday Pundit really wonders why COHHIO and other anti-payday lending forces in Ohio are so afraid to put Issue 5 to a vote.  I bet they have a feeling they will lose, which is why they keep on trying to derail efforts to let Ohioans decide in the polls.  Ohioans and Americans in general […]

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Tags: Ohio · personal finance · regulation

Let the voters decide

August 26th, 2008 · No Comments

You know what the great thing is about a democracy?  Each and every person gets to have their say, make up their own mind and choose.  Sure, Alexis de Tocqueville and Federalist Paper #10 warned about tyranny of the majority, but with the checks and balances that are in effect in this great country and […]

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Tags: Delphos Herald · OH CRL · Ohio · regulation

Ohio Chamber of Commerce Backs Financial Choice, Jobs and Competition

August 25th, 2008 · 1 Comment

Ohio Chamber of Commerce Backs  
Ohioans For Financial Freedom
To Keep Jobs and Consumer Choice
COLUMBUS, OH – The Board of Directors of the Ohio Chamber of Commerce has given its support to Ohioans For Financial Freedom saying imposing overbroad government regulations is not the way to revitalize Ohio’s economy.
“The Ohio Chamber champions free enterprise and […]

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Tags: Ohio · customers · employees · positive media coverage

Breaking News from Ohio

August 18th, 2008 · No Comments

Committee Calls on Bill Faith To Retract False Statement
 
Columbus― The Committee of Ohioans For Financial Freedom today demanded Bill Faith immediately retract completely false allegations he made about circulators allegedly paying two individuals $1.00 to sign a petition, or face serious legal actions.
 
“The Committee has investigated this allegation of two homeless individuals allegedly […]

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Tags: Bill Faith · Ohio · local issues · regulation