2010: The Good, the Bad, the Ugly
December 30, 2010 | Uncategorized | Comments (0)The Good: The focus on bank fees during the Dodd-Frank debate has educated lawmakers, regulators and some in the media about the fee comparisons between payday loans and bank services. There’s now a discussion about the best way to make short-term loans to working Americans.
The Bad: During the financial reform debate, our critics got away with lumping payday loans in with financial products that caused the 2008 economic crash. Three hundred dollar loans do not have a macro economic impact.
The Ugly: The Montana referendum.
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