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Latest headlines from www.paydaypundit.org

Fri, 04 Jul 2008 21:38:55 +0000
Ohioans against democracy
That’s what opponents of the industry-backed referendum should be called. They are making a new push to have the Attorney General reject new ballot language. From the story: Housing advocates are urging Ohio Attorney General Nancy Rogers to reject the ballot language that summarizes a pair of proposals by payday lenders seeking to overturn a law [...]

Fri, 04 Jul 2008 07:01:29 +0000
Let Freedom Ring
In 1776, John Adams declared: “Independence Day will be the most memorable epocha in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival…It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires, and illuminations, from one end [...]

Thu, 03 Jul 2008 20:52:02 +0000
Hey Ohio - Payday lending customers are capable adults
Here’s a little gem the Payday Pundit missed. From a Columbus Dispatch reader in Ohio: I respond to last Monday’s letter “Payday loans bring one more bill to pay,” from Paul Ross, who assumes that all people who take out payday loans are incapable of earning money in the future. The obvious implication of his question about [...]

Thu, 03 Jul 2008 20:22:57 +0000
Ohio Update: Housing advocates urge rejection
The latest from AP: Kim Norris, a spokeswoman for the payday industry, defends the language, which would be used by petition gatherers seeking to put the proposals on the November ballot. She says the issue should be up to voters to decide.

Thu, 03 Jul 2008 20:07:07 +0000
A necessary product
From Tom Linafelt of QC Holdings in the Wichita Eagle: Payday loans are a necessary product, delivered responsibly, to reasonable customers, many of whom are facing more expensive fees such as those associated with bounced checks, late bill payments and utility disconnections. For those and others, payday loans make perfect sense. Payday loan fees, and profits, are [...]

Thu, 03 Jul 2008 19:50:40 +0000
Ohio’s Reject H.B. 545 Committee to Bill Faith: Let Ohioans Vote!!
From the latest press release from the Reject HB 545 Committee: The Committee working with thousands of Ohioans to say NO to politicians and yes to preserving common sense lending options in the State, today asked Bill Faith to let Ohioans vote. “It’s ironic that Mr. Faith thinks Ohioans should not have the opportunity to exercise one [...]

Thu, 03 Jul 2008 17:06:58 +0000
More logic from the Center for Responsible Lending
In a news release sent earlier today, CRL states: “A two-digit interest rate cap in the vicinity of 36 percent is the only reform that has kept the debt trap from working, and has opened up markets for affordably-priced consumer loans.” So, using their logic…in order to “open up markets for affordably-priced consumer loans” legislators should ban the [...]