Well said
February 8, 2010 | Michigan, industry, regulation | Comments (0)CFSA’s witty and erudite spokesperson, Steven Schlein, makes the case for payday loans in Michigan’s Herald Palladium:
Schlein, of the industry lobbying organization, argues that for loans under $700, payday loan fees are more economical than risking overdraft fees, which can be as high as 10,000 percent. Schlein said customers take out payday loans to avoid overdrafts. “Our customers are extremely satisfied with the product,” he said.
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