Manitoba’s Judgment of Payday Loans Ignores Reason, Commerce
A Reasonable Argument, Rebuffed With Extreme Prejudice
Governments both large and small often take it upon themselves to decide what consumers should or shouldn’t be able to do with their own money. Call this the “nanny state” mentality if you will. Regardless, it seems that a population is somewhat less than [...]
Do You Have to Be Employed to Receive Payday Loans?
Not Necessarily, Say Some Major Payday Loan Chains
At Personal Money Store, one of the primarily qualifications a consumer must meet in order to receive a payday loan is that they must be actively employed for a pre-determined length of time. It’s an indicator of steady income, which traditionally signifies that [...]
Shots Fired on Ohio’s Payday Loan Battleground
Irresistible Force, Meet Immovable Object
The battle for payday loans in Ohio has been a difficult one for consumers. The recession hit the Ohio workforce harder than most, and the need for emergency short term loans is greater than ever before. Yet the state legislature in their infinite wisdom decided that [...]
Ontario Payday Loan Restrictions Coming into Force
But Nanny State Leanings Make it All Ridiculous
When it comes to short-term consumer lending, few products are as quick and convenient as a payday loan. The bulk of payday loan companies in Canada operate within the bounds of established governmental guidelines into order to provide consumers with a safe, affordable [...]
UPDATE: South Carolina Payday Loan Bill at House Floor
A payday loan in South Carolina sounds fine
South Carolina’s The State newspaper reports that recently introduced payday loan legislation has made it to the state House for debate. Changes were not recommended beforehand, which is a positive sign for payday loan supporters.
To recap, the bill would limit consumers to no [...]
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