Payday Pundit » Uncategorized

Not Again

November 23, 2010 | Uncategorized | Comments (0)

Another scam reported today in Omaha:

The 91-year-old Omaha woman was so excited. All morning Monday, she had been getting phone calls from people telling her she had won $500,000.

All she had to do was take $3,000 to a payday loan store in South Omaha, and she would be able to collect her prize. They would even send a cab to her house to pick her up.

Despicable tricks.

Let it go

November 19, 2010 | Uncategorized | Comments (2)

One unkind post about an “alternative” newspaper and you get stuff like this. As a lover of free speech, the Payday Pundit is happy to give time to his critics.

Banks first

November 19, 2010 | CFPB, Uncategorized, federal legislation | Comments (0)

From Bloomberg:

Madison said the consumer bureau probably would start by focusing on consumer banking products before adding in oversight of payday lenders and other financial firms not traditionally monitored by bank regulators.

Comment of the Day

November 19, 2010 | Uncategorized | Comments (0)

keep up the good work, the truth hurts

Money talks

November 18, 2010 | Uncategorized | Comments (0)

Despite a bevy of columnists at The Huffington Post that criticize our industry, the site itself takes advertisements from online lenders. In fact, the Payday Pundit just saw an advertisement from “SpeedyLoans” on the site’s home page. (It may not be there now as the site rotates ads on and off its home page.)

Good for The Huffington Post! Ad revenue is what keeps news sites alive and gives all these columnists an opportunity to voice their opinion. A politician I used to work for once told me, “capitalism funds freedom.”

Comment of the Day II

November 18, 2010 | Uncategorized | Comments (0)

If I have to close my stores, lay-off my employees, file bankruptcy and can no longer help my customers, will there be anyone other than those in my industry to be their to lend me support? No, because the the ones with a voice against the industry have never taken the time to learn about the process or the people that provide and use the service. They just feel the need to protect everyone and make them conform to thier idealistic and in many cases, unrealistic way of living for the common citizen.

Thin skins

November 18, 2010 | Uncategorized | Comments (1)

Yesterday’s post about The Washington Independent folding spiked blog traffic by about 1,000 individual page views. People are upset about the “dancing on the grave” comment.

I find this extremely hypocritical. This industry has been the subject of vicious, factually incorrect reporting that has led to thousands of payday loan workers losing their jobs. I posted just Monday about Montana stores closing, workers losing their jobs.

One thing about reporters I’ve learned in 25 years of public relations, they can dish it out but they sure can’t take it. Every single time I’ve called out a reporter on this blog for factual errors in their stories, they’ve called me to whine. Every time I’ve accused a columnist of having an anti-business bias, they’ve gone ballistic. But they throw around words like “loan shark” and “parasites” pretty easily. They are the thinnest skinned people around.