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 [...]
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 [...]
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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