Center For Responsible Lending Attacks Credit Card Cos.
Yes on H.R. 627, in spite of the CRL’s support
I am not a fan of the Center For Responsible Lending. It isn’t because I’m against responsible lending, it’s because at the root, they do not in fact advocate responsible lending. Any group whose leadership supports toxic housing market activities of [...]
Payday Loans Industry Victimized By Bogus Study (Pt. 1)
“Usury Law & The Christian Right” | Meyers’ Critique
A few months ago, I posted my brief review of the academic paper “Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday Loan Regulation.” I did this because authors Stephen Graves and Christopher Peterson [...]
No ACORN Should Be Left Unindicted (4)
Trying to make lawlessness “social justice”
This concludes a four-article series regarding ACORN and its connections in politics, big money and abuse of the taxpayer’s trust. It can be argued that no one entity has brought the American economy to its knees without a cash advance, but ACORN and organizations close [...]
ACORN, Self-Help, Inc., Obama | Friends in Low Places (1)
American axis
President Obama has spoken well of the virtues of public service. On the surface of things, it is admirable to sacrifice one’s time and resources to help others in need. However, with the continuing controversy of the HR 1388 “mandatory volunteerism” bill inflaming the public’s sense of what is [...]
Feds Seize Shamrock Seeds | Toxic Assets (Pt. 1)
Market for shamrocks high, feds say chan eil
In Chantilly, Virginia, federal agents at Dulles International Airport have seized shamrock seeds from happy travelers from Ireland. There were coming to America to celebrate St. Patrick’s Day on Tuesday, March 17.
According to a Fox News report, Customs and Border Patrol spokesman Stephen [...]
Kentucky Urged to Violate Constitution by CRL
Kentucky ready to slam door on small business
Jack Brammer of Kentucky’s Herald-Leader newspaper reports that Kentucky wants to give current payday loan companies in the state the chance to maintain solid footing. Unfortunately, proposed House Bill 444 now has a protectionist measure that some state lawmakers see as a way [...]
Idaho Follows the Center For Responsible Lending’s Command
Idaho aims spud gun at cash advance
Sarah Wire of Washington State’s The Olympian newspaper reports that lawmakers in Idaho will consider two bills that should compel cash advance lenders via incentives to make sure they’re licensed before lending to Idaho residents.
These bills would invalidate unlicensed loans and allow Idaho’s [...]
Center For Responsible Lending Irresponsibly Taints Journalism
Jumping off that same cliff
Jay Miller of Crain’s Cleveland Business reports that given the choice, he’d rather be a lemming.
Jump off the cliff like everyone else and buy the Center For Responsible Lending’s (CRL) propaganda, Jay. Or, you might actually take the few seconds necessary to think about cash advance [...]
ACORN: Unsafe For America (Pt. 6)
Too dangerous to ignore
This article concludes my study of the Employment Policies Institute’s (EPI) report “Rotten ACORN: America’s Bad Seed.” Click here if you wish to view parts ONE, TWO, THREE, FOUR or FIVE of this article series.
We’ve seen that the Association of Community Organizations for Reform Now (ACORN) speaks [...]
ACORN Keeps Living Wage From Employees (Pt. 4)
Fighting when it’s convenient
In part four of this series, we’re going to take a look at just how hypocritical ACORN is when it comes to providing a living wage. It’s a case of “great for them, but not in my backyard.” Click here if you missed parts ONE, TWO or [...]
Rotten ACORN: America’s Bad Seed (Pt. 1)
A vast empire, grown from an ACORN
The Employment Policies Institute (EPI), a non-profit research organization dedicated to studying public policy issues surrounding employment growth, put together an extensive report in 2006 on just how much the Association of Community Organizations for Reform Now (ACORN) talks a good game when it [...]
Was Martin Eakes Mugging Planned?
Was it planned?
Recently, David Fellerath asked on Triangulator whether the recent mugging of Center For Responsible Lending President Martin Eakes was planned. He refers to a North Carolina News & Observer column by Barry Saunders at http://www.newsobserver.com/134/story/1335527.html which ventures the suggestion that Mr. Eakes was not merely in the wrong [...]
An ACORN Jammed the Gears of America’s Economy
Who wants a rotten ACORN?
I am certainly not the only one concerned over ACORN and its role in razing America’s economy to the ground. Michael Gaynor writes that Anita MonCrief, who has testified in court against the community organization group, is eager to expose the group’s connection to Herbert Sandler. [...]
The Center For Responsible Lending Must Pay (Pt. 3)
Read my lips…
Time to lead into absurdity… but only if you’ve read parts ONE and TWO first…
An essential part of the plan permits distressed homeowners to seek loan modifications in bankruptcy court, an option now permitted on other types of loans that are far less important to families and the [...]
Martin Eakes Wants a Medal, Deserves Skepticism (Pt. 1)
20/20 subprime-sight
Martin Eakes of the Center For Responsible Lending recently distributed a press release in which he reacts to President Obama’s plan to fix the housing crisis that plagues America. Nothing like damage control for the image after your business was directly involved in causing the subprime mortgage crisis to [...]
The Truth? Starkman, the CRL Ain’t Worth It… (Pt. 4)
Payday loans aren’t subprime mortgages
Starkman brings his criticism of the Forbes article to a close. If you missed parts one, two or three, check them out.
“Consumers’ complaints as a seismograph? Does anyone believe that?”
This again refers to Donald Morgan’s work, and again, Mr. Starkman can’t see the forest for the [...]
Swift Boating Subprime Lender into Being Honest (Pt. 3)
John Kerry’s heart bleeds for the CRL
Starkman goes on to attack and defend in forgettable style. Click here if you missed parts one or two.
“Now the Swift Boat-style campaigns against borrowers and their advocates have begun; business journalists just need to be on guard.”
Last I checked, Forbes has a distinguished [...]
Center For Responsible Lending: Subprime/Subpar (Pt. 2)
Dean Starkman defends CRL, trips over self
But let’s look at his case against the Forbes article. It’s full of holes. Click here if you missed part one of this story.
“Payday loans, by the way, are even ranker than subprime mortgage lending, which, despite years of diligent research in sub-basement laboratories, [...]
Defending Subprime Lenders? Bad Premise! (Part One)
Starkman’s got the Center For Responsible Lending on his mind
Award-winning journalist Dean Starkman should have known better. His journalistic career has been one of distinction. He was worked for high-profile publications like the Washington Post and the Wall Street Journal. He was even part of an investigative team that won [...]
ACORN & Center For Responsible Lending: Subprime Culprits
Sharks that feed on banks
During the recent presidential election, an organization called the Association of Community Organizers for Reform Now (ACORN) grabbed more than its share of the headlines. Specifically, there have been allegations that ACORN has been involved in large-scale voter fraud (and here’s a road map). But let’s [...]
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