McGovern gets blogged

George McGovern’s column in the WSJ advocating for freedom of choice on everything from healthcare to payday loans has prompted a lively debate in the blogosphere.  
Check out  http://tailrank.com/5344099/Freedom-Means-Responsibility for all of the latest discussions from all sides of the aisle.  
“Since leaving office I’ve written about public policy from a new perspective: outside looking in. I’ve [...]

Rep. McHenry calls for hearing on Center for Responsible Lending

The Payday Pundit just picked this up from last week’s  Credit Union Times site.   Rep. Patrick McHenry (R-North Carolina) wants the House Financial Services Committee to investigate a $15 million contribution the Center for Responsible Lending received from a hedge fund mogul.  CRL’s shenanigans are detailed in this report from the Consumer Rights League.

The Law of Unintended Consequences

The report from staff researchers at the Federal Reserve Bank of New York is continuing to pick up steam. 
As states look at consumer credit issues it’s important that they look at the facts and carefully examine the real impacts of legislation.    The Federal Reserve staff study does just that and finds that one of [...]

Morgan study continues to get noticed

The National  Center for Policy Analysis, a think tank out of Dallas, is talking about the Dan Morgan payday lending study on its web site.   The study, which will be published soon, will have a major impact on this debate.   It will be an interesting contrast: a peer reviewed, published study by a respected economist (Morgan) versus [...]

D. Lynn DeVault takes reins of CFSA

D. Lynn DeVault of Check into Cash, one of the country’s premier payday lenders, was elected President of the Community Financial Services Association of America  (CFSA) at the group’s annual meeting which concluded this weekend.   Ms. DeVault takes over from Darrin Andersen of QC Holdings who held the post for two years.  Mr. Andersen led the [...]