Another State Hits Double-Digit Unemployment Rate
A new partner in joblessness
Eight states now have now received the dubious honor of having unemployment rates higher than 10 percent. The newest addition to the family is Indiana. The state hit 10 percent in March, up from 9.4 percent in February.
Oregon’s unemployment rate saw the biggest jump, going up [...]
Dartmouth Payday Loan Study: Oregon Rate Cap Harms Consumers
Discouraged Consumers
In 2007, the State of Oregon imposed a low payday loan rate cap of $10 per $100 borrowed (150 percent APR), and extended the previously common two-week payment period to a minimum of 31 days. Numerous sources have spoken out against this regulation, claiming it to be unfair and [...]
Montana, Cap Payday Loans and Hurt Your Population
Financial Resources Over-Regulated
Despite the fact that payday loans have been a boon to cash-strapped consumers who need a little help between paychecks, bank-controlled government acts in the best interests of their campaign supporters, rather than in the best interests of the people. Some take this path, while others recognize their [...]
Cap Quick Payday Loans, Bleed Oregonians Dry
Want scholarly proof that capping the rate on quick payday loans harms families?
I’ve got some for you.
Jonathan Zinman, Assistant Professor of Economics at Dartmouth College, has published a study entitled “Restricting Consumer Credit Access: Household Survey Evidence on Effects Around the Oregon Rate Cap.” His work deals with a representative [...]
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