Anti-Payday Loan Study Should Lose Its Religion (Pt. 3)
What’s religion got to do with it?
Last time, we talked about how Graves and Peterson’s study on payday loans and the Christian right made false claims regarding whether the short term loan product targets the poor or minority groups. Now, let’s continue our look at Lawrence Meyers‘ critique of a [...]
Ohioans Will Have Payday Loans
Payday loans in Ohio: still alive
It’s interesting that 12 people took the time to vent their “moral outrage” over changes in the Ohio payday loans industry. Interesting, in that it wasn’t until the 13th person commented on Sheryl Harris’ Cleveland Plain Dealer editorial that they noticed something wacky.
Here it [...]
House Considers a Payday Loan… Law (or Nine)
House party for the payday loan
Recently, a package of payday loan legislative proposals was heard by the House Financial Institutions & Insurance Committee. According to blogger House Democrats, these Department of Financial Institutions-regulated short-term loans have spawned a host of potential new bills. House Democrats is nice enough to provide [...]
Payday Loans With Higher Rates Are Good, Stanford Study Shows
A Faster Way to Get Help
Online payday loans are a relatively new way for consumers to obtain the short-term cash they need during emergencies. While these loans have been popular with the general public, critics claim that the cost of payday loans in general is excessive and requires low rate [...]
Payday Loan | Christian Right and Usury in Theory and Practice (Part 2)
This is the conclusion of “Payday Loan | Christian Right and Usury in Theory and Practice.”
If you missed the beginning, CLICK HERE.
Yet as Peterson and Graves see it, there is some divergence. Some Old Testament passages appear to state that Hebrews were permitted to make interest-bearing payday loans to non-Jews, [...]
Payday Loan | Christian Right and Usury in Theory and Practice
In the academic study “Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday Loan Regulation,” Christopher Peterson of the University of Utah and Steven Graves of California State Northridge show via collected empirical data that there’s something quite surprising about the distribution [...]
Interest in Payday Loans: Priceless
A Better Alternative
Payday loans are a form of consumer microlending, typically made in small amounts ranging from $100 to $1,500. These short-term loans are used for a variety of reasons, most common among them being when people need to take care of emergency expenses that a budget fails to cover. [...]
Payday Loans: Is Salt Lake City Sneaking Toward a Ban? (Part II)
Payday loans may be run out of Salt Lake City on a rusty rail. In case you missed it, here is part one of the story of how Salt Lake City has turned its back on its citizens’ financial well-being.
What certain Salt Lake council members REALLY think
Interestingly, reporter Derek Jensen [...]
Payday Loans: Is Salt Lake City Sneaking Toward a Ban?
In a thinly veiled attempt to ban payday loans, Salt Lake City has adopted a “no-clustering” rule that will restrict new check-cashing and no fax payday loan businesses from operating within 600 feet of one another. This is a move that Salt Lake City Council has resisted for some time, [...]
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