Payday Pundit

Tommy Moore, the Executive Vice President of the Community Financial Services Association of America, has a letter in today’s Christian Science Monitor echoing the favorable comments in this terrific guest column by Tim Miller of the Center for Consumer Freedom from a few days ago:
In response to Tim Miller’s recent Opinion piece on banning payday loans: […]

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 A letter to the editor from Tommy Moore can be found on the Chicago Tribune website.  It’s recommended reading:
Consumers have a right to determine their own financial destiny and make their own choices for what’s best for their financial situation and their families.

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In another well put letter to the editor in response to a Star-Telegram guest editorial, Tommy Moore defends the practice of payday lending against those who would “help” consumers by taking away their choices.
As Justice Brandeis said:

Experience should teach us to be most on our guard to protect liberty when the government’s purposes are beneficial. […]

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Tommy Moore discuss the negative impacts of payday loan bans in his most recent LTE.

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Today’s issue of The State features a letter to the editor from Tommy Moore of the Community Financial Services Association.  In the letter, Moore defends payday loans in the face of recent coverage of legislative initiatives in South Carolina. 
It’s good to see another side of this issue presented.

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In a letter published in the Virginian Pilot today, CFSA’s Executive Vice President Tommy Moore takes issue with the ”compromise” legislation that he says painted ”all borrowers with one broad brush.”  From Tommy’s letter:
“Opponents of our industry have always been singularly focused on the elimination of this industry through outright repeal or by placing prohibitive restrictions on […]

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“We appreciate the effort of the General Assembly and Governor to forge a compromise on a complex issue; the result is one of the most restrictive payday-lending laws in the country. In addition, Governor Kaine deserves  credit for acknowledging that the work of the General Assembly was difficult and that the compromise developed during the […]

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