CFSA Opposes Payday Loan Reform Act
Group says bill puts jobs at risk
Community Financial Services Association of America says the Payday Loan Reform Act of 2009 goes too far.
The bill, HR 1214, prevents competition in the marketplace, preempts the laws in 34 states and puts tens of thousands of jobs at risk, the organization says.
President advocates [...]
Payday Loans | L.A. Times Swings and Misses (Part II)
Welcome back to this response to the L.A. Times recent attempt to be fair and balanced regarding payday loans. If you missed Part I, here it is. My response to their common hit piece follows without further interruption…
Banks and credit unions are uncomfortable with this competition
They’re fighting for that market [...]
Payday Loans | L.A. Times Swings and Misses (Part I)
Hate it or Love it
Payday loans, says Check Into Cash founder W. Allan Jones, is “the craziest business. Consumers love us, but consumer groups hate us.” According to this recent Los Angeles Times article, that’s where the divide seems to be, and in their estimation, that is a problem.
“Critics say [...]
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